Home Job Nykaa IPO: Meet Falguni Nayar – Founder of India’s First Woman-Led Unicorn, an Inspiration for Millennials

Nykaa IPO: Meet Falguni Nayar – Founder of India’s First Woman-Led Unicorn, an Inspiration for Millennials

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Nykaa IPO Opens: With the opening of Preliminary Public Providing (IPO) of FSN E-Commerce Ventures Restricted, the guardian firm of well-liked on-line platform Nykaa, its Founder Ms Falguni Nayar has additionally change into a family title. Right here’s a have a look at Founding father of India’s First Girl-Led Unicorn and the way she has change into an inspiration for millennials throughout the nation. Get Particulars Right here.

Nykaa IPO Opens: With the opening of Preliminary Public Providing (IPO) of FSN E-Commerce Ventures Restricted, the guardian firm of well-liked on-line platform Nykaa, its Founder Ms Falguni Nayar has additionally change into a family title. Nykaa, which is a Sanskrit phrase for an actress, has taken speedy steps to change into certainly one of India’s main multi-brand omnichannel beauty-focused retail enterprise and a standard title among the many magnificence buffs. And with the corporate going public now, it’s a favorite amongst IPO hunters and can quickly be a standard title for traders too. However, how did a start-up that primarily centered on magnificence and cosmetics flip right into a unicorn.

Right here’s a have a look at Founding father of India’s First Girl-Led Unicorn and the way she has change into an inspiration for millennials throughout the nation. Get Particulars Right here.

The Journey

Falguni Nayar’s journey in direction of main India’s prime e-commerce website for magnificence merchandise began by way of her foundational schooling. She holds a Bachelor’s Diploma in Commerce (B.Com) from Sydenham School, Mumbai. This was adopted by an MBA in Finance from the very best B-school of the Nation i.e. IIM Ahmedabad. 

Like many finance graduates from prime b-schools, Ms Nayar’s skilled journey began her journey as an funding banker. Her first job was with A F Ferguson & Co. In her company stint, Falguni Nayar has served because the Head of Worldwide Enterprise and in a while because the Director and Head of Institutional Equities Enterprise for Kotak Securities. From there she moved to Kotak Funding Banking because the Managing Director earlier than embarking on her entrepreneurial journey.  

The Spark

The spark to launch a enterprise which has remodeled into India’s prime e-commerce website for magnificence merchandise got here to Nayar throughout her company years. Throughout these years, she noticed met and interacted with a number of die-hard founders, who really discovered a motivating enterprise mission. The central premise that Nayar wished to capitalize on was to assist India’s ladies take care of themselves, transferring away from the nation’s conventional deference to males. The title Nayka, which suggests an Actress or Heroine in Sanskrit, really embodies the spirit of the agency which goals to advertise ladies enabling them to be the important thing character of their story. 

The Success

What began in 2012 as an thought, resonated with its clients and audiences to rework right into a model that’s endorsed by Bollywood stars and has a fervent following amongst twenty-somethings. Nayar and brainchild Nayka has change into synonymous with magnificence and wellness and affords 4,000 magnificence, private care, trend manufacturers to its clients. According to aspirations of the younger India, the e-commerce platform by way of its web site, apps and 70-plus brick-and-mortar shops earned Rs 24.5 billion ($330 million) in income and different revenue within the final fiscal yr. 

Regardless of the challenges of pandemic, the enterprise turned worthwhile and Nayar attributes this to their resistance to slicing costs to lure consumers, in distinction to different e-commerce startups. In an interview, Falguni Nayar mentioned that regardless of challenges and pressures, she resisted the urge to change into a reduction retailer. “We might fairly promote the proper colour of lipstick at full worth, than the fallacious shade at half off which might make the customer sad inside minutes of carrying,” she added.

The Unicorn Begin-up

With stars on her facet, Nayar could be very optimistic in regards to the subsequent step so far as the way forward for FSN E-Commerce Ventures Ltd, the guardian firm of Nayka is worried. The corporate goes public and has change into already change into one of the vital awaited IPO itemizing of all time. As per Bloomberg Information, if the IPO goes as deliberate, the whole valuation of the enterprise may very well be greater than $4 billion. If the IPO goes as deliberate, Nykaa might be India’s first women-led unicorn to go public. After going public, Nayar plans to strengthen firm’s core manufacturers reminiscent of Nykaa Cosmetics, Nykaa Naturals and Kay Magnificence, and to determine and promote contemporary manufacturers.

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