Falguni Nayar: The Woman Behind Nykaa

In 1987, after completing her studies she got married to Sanjay Nayar, who also studied in IIM Ahmedabad. After completing her education, Falguni Nayar worked at Kotak Mahindra Capital Company for 18 consecutive years and then quit to do something different. She did not have enough money to do some business of her own. Still she dared and started Beauty E-commerce Ventures Pvt Ltd Nykaa.com in 2012.

Nykaa.com has turned out of one of girls' best friend in the recent times but little is know about the woman behind the successful e-commerce platform.

Falguni Nayar was born on 19th January 1963 in Mumbai city of Maharashtra state to a Gujrati family. Her father owned a Bearings company of his own. She completed her early education from The New Era School. After Completing the intermediate, She has done her graduation in Commerce stream and then completed her masters from IIM Ahmedabad.

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In 1987, after completing her studies she got married to Sanjay Nayar, who also studied in IIM Ahmedabad. She has one son and one daughter whose names are Anchit Nayar and Adweta Nayar.

After completing her education, Falguni Nayar worked at Kotak Mahindra Capital Company for 18 consecutive years from investment banker to the post of Capital Investment Managing Director. The job was perfect but somewhere, she was not happy with this job and with her work. Her dream was to do something different and also wanted to establish her identity in the world. With her dream and in 2012, she left her job at the age of 50.

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After quitting her job, she decided to do something different, but she did not have enough money to do some business of her own. Still she dared and started Beauty E-commerce Ventures Pvt Ltd Nykaa.com in 2012.

In spite of all the difficulties, she never looked back and thought of making her mark in the beauty & wellness sector, in which many local and international brands like Sephora, Falguni etc. were already selling their products. But she worked hard and proved herself as Naykaa.Com has become a well-known brand in the Beauty & Wellness sector. She wanted the women of India to feel empowered.

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Falguni Nayar has said, “I wanted to replicate that in India" a multi-brand retailer selling the best beauty, plus a lot of education to help customers...I wanted to stand for those women who want to be beautiful for themselves, not for men or other women. Indian women were ready for that and that's why they related to Nykaa. It was a type of empowerment.
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Today about 35,000 products of 400 brands like Lakme, Kaya Skin Clinic, L'Oreal Paris etc. are available on Nykaa.Com. Today, Nykaa stores have opened in many places in the country. According to Forbes information, Nykaa.com's website and app receives over 45 million visitors every month.

In the year 2017,  Business Today gave the title of one of the most powerful women in the country to Falguni Nayar, founder and CEO of Nykaa.com.

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The founder and CEO of Nykaa.com, Falguni Nayar also won the 'Woman Ahead' award at the Economic Times Startup Awards in 2017.
Today she owns the entire property worth Rs 1300 crore and she and her family hold more than 50 percent of Nykaa's shares.

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