2024/02/27 14:50 pm
The story of Falguni Nair, Founder of Nykaa is quite an interesting one, her entrepreneurial journey defines the proverb “better late than never”. In 2009, at the age of 46, after devoting twenty years of his life to a corporate career in investment banking, she thought of venturing into the field of entrepreneurship.
As a lover of cosmetics and beauty products, she felt there was a lack of holistic beauty retail stores in India. She envisioned building her own retail business with multiple beauty products on a single platform.
In 2011, she came up with the idea of setting up a multi-brand e-commerce platform, as a result, she left her job in 2012, at the age of fifty to start her entrepreneurial journey. It was from here that she laid the foundation of Nykaa, which would go on to forever change the way beauty products were bought in the country. Nykaa today is inspiring consumers to make not only beauty choices but also fashion and lifestyle choices that best suit them.
Nykaa also created history in the Indian stock market in November 2021, with Nykaa listing at almost 80% premium and ending the day at Rs 2,206.70, 96.15% higher than its issue price, market capitalization on day one was Rs 1,04,360.85 crore.
This tremendous success is attributed to the business and marketing acumen of Falguni Nair, Nykaa expected to reach a turnover of over Rs 300 crore by 2027.
We are excited to announce that the nominations for the esteemed Advaita Awards, organized by SMBConnect, are now open!
The Advaita Awards are not just any ordinary awards... they are a national movement that recognizes the most incredible, jaw-dropping achievements of women in business!
๐๐ฎ๐๐ฆ๐ข๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ง๐จ๐ฆ๐ข๐ง๐๐ญ๐ข๐จ๐ง ๐ก๐๐ซ๐ - https://advaita.smbconnect.in/Nomination.php