She referred to as it quits on the peak of her profession as an funding banker and constructed her personal magnificence empire that right now crossed Rs 1 lakh crore in market capitalisation on its itemizing debut.
FSN E-Commerce Ventures, Nykaa’s dad or mum entity, is India’s first woman-led unicorn to hit the inventory change.
Shares of Nykaa closed 96% increased on Wednesday, valuing Nayar’s wealth at $6.5 billion.
The Nykaa founder and CEO has joined solely six different ladies billionaires in India.
Aside from Nayar, Kiran Mazumdar-Shaw (Biocon) and Divya Gokulnath (Byju’s) are the one different self-made billionaires.
She owns about 51 per cent stake in Nykaa, together with her husband and their twin youngsters. She is going to proceed to personal a majority stake alongside together with her household after the IPO.
A graduate of the Indian Institute of Administration, Ahmedabad, she spent over 18 years at Kotak Mahindra Capital Co. She left in 2012 when she was 50 to pursue her dream. On the time, her children had gone to school within the US.
Capitalizing on the scope of magnificence and skincare merchandise on-line, she steered herself in the direction of Nykaa, and out got here a platform that created historical past with its arrival.
Nykaa was arrange by April 2012. This was adopted by a comfortable launch of the beta web site in November 2012, and business advertising in April 2013. Nykaa is now India’s first worthwhile startup to have taken the IPO route.
Falguni Nayar has additionally served on the boards of assorted firms, together with Tata Motors Restricted and Aviva Life Insurance coverage Firm India Restricted Presently, she serves as an impartial on the boards of assorted firms together with, Kotak Securities Restricted, ACC Restricted and Dabur India Restricted.
She has received many awards, together with ‘EY Entrepreneur of the 12 months 2019 – Begin-up’ by Ernst and Younger and ‘Businesswoman of the 12 months’ on the Financial Instances Awards for Company Excellence, 2019.
Nayar was additionally listed as one in every of Asia’s Energy Businesswomen, 2019 by Forbes Asia and named as ‘Enterprise Particular person of the 12 months’, 2019 by Vogue India.
Nayar met her husband Sanjay Nayar at enterprise faculty. He’s now the CEO of worldwide funding agency KKR India, and specialises in IPOs.
Anchit, her son who graduated from Columbia College within the US, runs the wonder e-commerce enterprise, whereas daughter Adwaita, with an MBA from Harvard Enterprise Faculty, operates the style vertical.
The story of Nykaa is nothing in need of phenomenal. The corporate has grown over 100% on a year-on-year foundation for the final three years.
Immediately, Nykaa’s portfolio contains over 1,500 manufacturers throughout make-up, skincare, hair care, fragrances, bathtub and physique, luxurious and wellness merchandise for ladies andmen.
Seeing the potential for luxurious magnificence in India, Nykaa was the primary to make luxurious magnificence manufacturers obtainable on-line.
Nykaa additionally led the Korean magnificence phenomenon in India, launching main Ok-Magnificence manufacturers.
It has arrange Luxe shops in addition to Luxe retailer mode on the app for luxurious and status merchandise. These bespoke companies have prompted a number of international luxurious manufacturers corresponding to Charlotte Tilbury, Huda Magnificence, Mario Badescu, Pixi and Tangle Teezer to permit Nykaa to import, launch and promote their merchandise to customers in India. The corporate has even opened 68 brick and mortar shops within the nation.
Nykaa posted revenues of Rs 1,860 crore in FY20, making it presumably the one worthwhile unicorn that’s going public.
Endorsements from social media influencers and celebrities has helped cement Nykaa’s recognition because it battles giants like Amazon and Flipkart.
Immediately Nayar positions Nykaa as a platform for ladies empowerment. Simply final month, the corporate launched a brand new movie marketing campaign that celebrates uplifting tales of six ladies from diversified backgrounds, every of them with their very own challenges and struggles.
Supply: Times of India