2012 : The year when the foundation was led.
The foundation of Nykaa was led in 2012 by Falguni Nayar. She was a former manager at Kotak Mahindra Capital Company. Nykaa is an E-commerce platform systemising a huge range of beauty,wellness and fashion products ,which are manufactured in India as well as abroad. The sale is made across websites, mobile apps and 76 offline stores.
Upgrades it went through.
Nykaa initially selled just beauty and wellness products. In 2015, it became omnichannel. 2018 it started selling products for males as well by launching Nykaa Man, multi branded e-commerce store for men’s grooming.
The company set their feet in fashion by launching Nykaa Fashion formerly known as Nykaa Design Studio. In 2020, they launched Nykaa Pro , which is a special membership programme for their special user to get access to professional make-up and discounts.
Nykaa Fashion first store is situated in the capital of the country Delhi,making the fashion business omnichannel.
The name Nykaa is derived from the sanskrit word “NAYAKA” which means “one in the spotlight “.
Nykaa has so many beauty divas from bollywood as it’s faces. Like Tapsee Pannu, Jhanvi Kapoor and many more like the acid attack survivor and activist Laxmi Agarwal. They are the faces of some of the biggest campaigns of Nykaa.
Nykaa has grown since the day it was launched as with the change of time and change in the way of shopping and taste of the targeted group. It provides a variety of things.
Today the founder of Nykaa became the Indian first women self-made billionaire.
Nykaa estimated its first sale of stock at the top finish of a promoted range, raising 53.5 billion rupees ($722 million).
Falguni Nayar’s magnificence startup has shocked her to the positions of the world’s most extravagant.
Nayar, who possesses about a portion of Nykaa, is presently worth about $6.5 billion as portions of the firm flooded however much 89% when they began exchanging Wednesday. She’s turned into India’s richest independent female tycoon, as per the Bloomberg Billionaires Index.
FSN E-Commerce Ventures, Nykaa’s parent element, is India’s first lady drove unicorn to hit the stock trade. It estimated its first sale of stock at the top finish of a promoted range, raising 53.5 billion rupees ($722 million). The stock was up 78% as of 10:36 a.m. in Mumbai.