From Banker to Billionaire: How Falguni Nayar Built Nykaa at 50!
- BySomya Bhaskar
- 26 Mar, 2025
- 0 Comments
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Nykaa, a brand that every beauty lover in India knows today, wasn't always this big. Over a decade ago, shopping for beauty products was tough.
Finding genuine items was tricky, and online beauty stores were rare. Then came Falguni Nayar, a woman who changed the game.
In 2012, at 50, Falguni left her high-powered banking job at Kotak Mahindra after 25 years to chase her dream. She invested ₹20 crore of her savings to start Nykaa, an online beauty store.
Unlike other e-commerce sites, Nykaa controlled its own inventory to ensure 100% genuine products, building trust with customers.
Growth was slow at first, but by 2014, Nykaa opened its first physical store. It soon expanded into fashion, wellness, and private-label products.
While other startups offered big discounts to gain customers, Nykaa focused on smart, sustainable growth. By 2017, it was already profitable, rare for an e-commerce company.
The biggest moment came in November 2021, when Nykaa went public. Its IPO was oversubscribed 82 times, and on listing day, its valuation shot past ₹1 lakh crore ($13 billion), making it one of India's biggest startup success stories.
Today, Nykaa has:
150+ stores
4,000+ brands
2 million+ products
Falguni Nayar is now India's richest self-made woman billionaire, proving it's never too late to dream big.
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