fbpx
  • About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Feature Startups

Falguni Nayar Gets Her Turn as Billionaire Startup CEO in Nykaa IPO

Nykaa will be the first women-led unicorn in India to go public

The Global Economics by The Global Economics
August 4, 2021
in Startups, Brokerage, Fashion, Funds, Top Stories
Reading Time: 2 mins read
0
Falguni Nayar Gets Her Turn as Billionaire Startup CEO in Nykaa IPO

Falguni Nayar Gets Her Turn as Billionaire Startup CEO in Nykaa IPO

952
SHARES
5.3k
VIEWS
FacebookTwitterRedditWhatsAppLinkedInShare Link

Falguni Nayar is in the news for all the right reasons. Nykaa, her brainchild, has become India’s top e-commerce site for beauty products, with the likes of stars such as Janhvi Kapoor endorsing the brand. Nykaa, known formally as FSN E-Commerce Ventures Ltd., filed preliminary documents for an initial public offering. This IPO could value the business at more than $4 billion.

Falguni Nayar worked for many years as an investment banker and guided the successful journeys of several Indian companies to stock market debuts through roadshows in the U.S and Europe. Today Falguni Nayar is etching the grand debut of her own startup Nykaa to a historic initial public offering.

Falguni Nayar understood the importance of a motivating business mission from the founders of companies she worked with as an investment banker. She grabbed the opportunity of delving into India’s beauty market. This is a niche that hasn’t seen many players. Nayar wanted to not just offer a wide array of beauty products online to women.

Though the brand started with just about 60 daily orders at launch, it has grown by leaps and bounds today. The company stocks up and offers over 2,500 brands of almost every beauty product imaginable. Nykaa also customizes beauty products keeping Indian skin types, skin tones, and local weather in mind. Nykaa offers its products through its websites, apps, and also through its 70-plus brick-and-mortar stores. Nykaa hit roughly 24.5 billion rupees ($330 million) in revenue and other income this year. Despite the challenges, which the company faced due to the Covid-19 pandemic restrictions, its revenue rose by more than 35%. Nykaa has now expanded to three other separate apps, including an app for men’s products.

If the IPO of Nykaa goes as planned, this startup company will be the first women-led unicorn in India to go public. At the moment, Nayar owns about half of Nykaa with her husband and their twin children.  If the startup manages to reach or surpass the initial projections, the value of Nayar and her family’s stake could exceed well over $2 billion.

“We still have ways to go,” said Nayar.

Tags: Beauty BrandE-commerceipoNykaaOnline Beauty Store
The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

Related Posts

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit
Ultility

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

by Riya Thomas
February 1, 2023
Adani Group shares plunged, resulting in the erasure of $72 billion after three-day selloffs
Funds

72 Billion Wiped Out: Adani Group Shares Plunge After Three-Day Selloffs

by Riya Thomas
January 30, 2023
Baidu, the Chinese search giant all set to launch a ChatGPT-style bot in March 2023
Technology

Baidu, the Chinese search giant all set to launch a ChatGPT-style bot in March 2023

by Riya Thomas
January 30, 2023
Microsoft Outage
Technology

Microsoft Outage Impacts Businesses Across The Globe – Services Almost Restored

by Marifur Rahman
January 25, 2023
Microsoft’s quarterly profit declines to $16.4bn amidst layoffs and economic concerns
Technology

Microsoft’s quarterly profit declines to $16.4bn amidst layoffs and economic concerns

by Riya Thomas
January 25, 2023
Facebook Twitter Instagram Youtube LinkedIn Soundcloud
The Global Economics

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Lebanon currency devaluation

Lebanon to Devalue Its Currency By 90%

February 1, 2023
A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

February 1, 2023
China To Boost Oil Demand By Up To 500,000 BPD PC: Reuters

Oil Cools Off on a Weak Dollar

February 1, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Receive the latest news

Subscribe To Our Weekly Newsletter

Get notified about new articles, delivered right into your email inbox.

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version