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FALGUNI NAYAR (FOUNDER - NYKAA)

Falguni Nayar is the Founder of Nykaa, the one-stop destination for cosmetics and other beauty range. She endeavoured her journey at the age of 50, a time when most people think about retirement, she set herself into a new journey. 

It was after resigning that Falguni began to think about various ideas and also how to shape everything in the form of an organization. Still, Nykaa was never really in her head until she observed the unbiased approach used among retail and online beauty shop sales managers to select the best products. She saw how her friends in the States relied on Amazon shopping. She saw the lack of good beauty sale experience in India and combined the two to launch Nykaa in 2012.

Shortly, several well-renowned brands started listing themselves on the platform. And soon enough Nykaa’s turnover crossed 200 crores, along with 850 brands and more than 50,000 products.

In India, people are dying to get a basic job so they could become financially stable for the future. And then, in her 51st year, picture a woman quitting her job at a prestigious bank and choosing to start something of her own. Falguni proved that it’s never too late and she has motivated people to believe in the opportunities that can be created at any time and age.

Nykaa has quickly emerged as India’s largest omnichannel beauty destination with millions of happy customers across the country. From bringing the consumers their favourite brands and keeping them up-to-date with the latest beauty trends, expert advice and videos, to more than 68 Luxe and On-Trend Stores, an ever-growing online community for beauty buffs, and a Beauty Helpline, Nykaa goes out of their way to give consumers only the very best. 

  • Education: IIM Graduate

  • Prior Work experience: Managing director at Kotak Mahindra Capital Company.

*This profile was covered by: Top Business Tycoon