About
Since its inception in 2012, Nykaa has quickly emerged as India’s largest omnichannel beauty destination with millions of happy customers across the country. From bringing you your favorite brands and keeping you up-to-date with the latest beauty trends, expert advice and videos, to more than 30 Luxe and On-Trend Stores, an ever growing online community for beauty buffs, and a Beauty Helpline, we go out of our way to give you only the very best. With 1200+, 100% genuine brands, and six warehouses across India that stock lakhs of well curated, well priced products, Nykaa offers a comprehensive selection of makeup, skincare, hair care, fragrances, personal care, luxury and wellness products for women and men.
Startup Story
Nykaa a private company was founded by Falguni Nayar in 2012.After Falguni left Kotak Mahindra, she started seeking opportunities to become an entrepreneur.
Falguni Nayar got the idea of starting Nykaa when she once walked into a Sephora store. She was amazed by the variety of brands available at the store.She bought products worth hundreds of dollars. The sales associates showed her the best way to use them.They recommended her best beauty products without any bias.She felt that there is a dearth of multi-brand chains in India in beauty and wellness.
At the age of 50, Nayar gave up her stellar career at Kotak Mahindra and turned into an entrepreneur.
The brand Nykaa came in to existence in 2012 when Falguni Nayar was looking for business opportunity in India and she noticed a huge gap in the beauty products markets in India as India was lagging far behind other countries like Japan, France and European countries. However the data collected by her shows that the demand was on the top but there was very few places to get the genuine beauty products. So the ex-MD of Kotak Mahindra turned into an entrepreneur and launched Nykaa with her banker husband Sanjay Nayar.
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Revenue
Nykaa reported a revenue of approximately 157 million U.S. dollars. This was an increase of almost 80 percent compared to the previous fiscal year. Nykaa is an online multi-brand beauty and personal care products retailer.
Ceo
The founder of Nykaa, Falguni Nayar is a former managing director of Kotak Mahindra Capital Company.[4] The company raised money through multiple rounds of funding.
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