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Who is Falguni Nayar?

Falguni Nayar

About Falguni Nayar

Who is Falguni Nayar?

Falguni Nayar has donned several hats in her three-and-a-half-decade career. Born and raised in a Gujarati family in Mumbai, she began her career as a management consultant with AF Ferguson and Co in 1985 after graduating from IIM Ahmedabad. She then went on to work at Kotak Mahindra Group in various roles for 19 years before deciding to start her entrepreneurial adventure, risking her family funds. She had set up Kotak’s international operations in New York and London. When she left Kotak in 2012, she was the Managing Director of its institutional equities and investment banking divisions.

Falguni Nayar and Nykaa

To address the beauty needs of women, she started Nykaa in 2012 with no prior experience in retail, beauty or technology. She was just a few months shy of turning 50 then.
Her first and the only tweet, which has now become iconic, came on October 29, 2012, a day before Nykaa’s website went live.
Nine years later, on November 2021, she became India’s richest self-made woman with a net worth of $7 billion. Falguni Nayar and her family still own a 56.56% stake after the company’s listing. With a market capitalisation of $14 billion, Nykaa has comfortably broken into the club of India’s top 100 most valuable companies. At the 52nd spot, it is ahead of the likes of Godrej Consumer, Bharat Petroleum and IndiGo.
Building on her experience as a banker, Nayar has created a capital-efficient and asset-light business model. Before its $720-million IPO, Nykaa had raised only $100 million in equity.

About Nykaa

Nykaa stands as an outlier in the startup space as a profitable company. In FY21, it posted a profit of $8 million on a revenue of nearly $330 million. Startups that have recently gone public or are in the process to doing so, such as Zomato, Policybazaar, Mobikwik, Paytm, Oyo Rooms and Pharmeasy, are all loss-making.

Latest Updates on Falguni Nayar

TPG Capital to sell Nykaa shares worth Rs 1,000 cr via block deal on Friday

2 min read Last Updated :Nov 17 2022 | 9:33 PM IST
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Nykaa reports 49% drop in quarterly net profit as expenses surge

2 min read Last Updated :May 28 2022 | 12:05 AM IST
Wish I had a co-founder to tide over tech struggles initially: Nykaa CEO

2 min read Last Updated :May 17 2022 | 4:27 PM IST
India to soon become 5th largest beauty market: Nykaa chairperson

3 min read Last Updated :Feb 24 2022 | 12:39 AM IST
More women need to embrace STEM edu, have access to internet: Nykaa CEO

2 min read Last Updated :Dec 17 2021 | 3:38 PM IST