Skip to main content

FALGUNI NAYAR

Falguni Nayar built Nykaa to stand out from the crowd
Nykaa, in its early years, was funded entirely by Falguni Nayar and her husband Sanjay Nayar, the chairman of private equity major KKR & Co. in India. The focus was on building an inventory-led business, as she said in a 2017 interview to The Economic Times. “The company ran on family funds for two years because I didn't want to raise money. I wanted to make the metrics happen,” Nayar had said then. “We had good momentum by the time I went to investors. We had access, since my husband and I were both bankers.”In the process, she has become the wealthiest self-made woman in India, is among the country's 20 richest people, and worth more than her peers who have either listed their startups or are in the process of doing so. 
(All of these people are men, save for Savitri Jindal—the richest woman in India—and Mobikwik cofounder Upasana Taku.)The company turned unicorn only in March 2020, after just five rounds of funding—of which only three involved institutional investors. Nykaa is also profitable—a rarity among Indian startups.
Building Nykaa
For any business, the first year is a honeymoon period—it is easy because you are just designing. The next year, when business starts scaling up, is crucial, Nayar said in the 2017 interview. “The person heading operations couldn't cope with 30 orders a day and quit. We had to learn how to dispatch packages and set up an enterprise resource planning system,” she had said then.
Today, Nykaa is among the few profitable etailers in India. It reported a net profit of Rs 61.96 crore in the fiscal ended March 31, compared to a net loss of Rs 16.34 crore in the year-ago period. Revenue grew 38% year-on-year to Rs 2,453 crore in FY21.
IPO and listing
FSN E-Commerce Ventures, the parent company of India's biggest cosmetics etailer Nykaa, launched its IPO on October 28 to raise as much as Rs 5,352 crore by offering shares in a price band of Rs 1,085-1,125 apiece. The issue was subscribed nearly 82 times.
On Wednesday, Nykaa listed at nearly 80% premium and ended the day 96.15% higher than its issue price at Rs 2,206.70—that translates to a market capitalisation of Rs 1,04,360.85 crore on day one. The Nayar family’s net worth is more than half of that.
“I started Nykaa at the age of 50 with no experience. I hope the Nykaa journey can inspire each of you to be the Nykaa (heroine) of your lives,” Nayar said at the opening bell

Labels:

Comments

Post a Comment

Popular posts from this blog

Nikita Nawalgaria

Meet Nikita Nawalgaria, Founder of  Nikkiz Surprise Planners. Nikita is the most skilled at what she does. Her vision is to bring innovation to the event management industry and provide the highest quality services at the best prices possible. Every element and idea provided is custom-tailored and tailored to make your event special. The team players at  Nikkiz Surprise Planners are talented experts who aim to make every event authentic, memorable, and alive.  Their goal is to exceed clients’ expectations by bringing a fresh and innovative approach to event styling and offering outstanding management and execution. We want to make every event more alive, memorable, and authentic than before. Her career as an HR consultant began in 2003 after she graduated and started working in Times Group and Manpower Consultants. Following her marriage in 2010, she moved to another city and had to leave her job… In the years that followed her son's birth, she started planning birthda
4 comments
Read more

Vijaye Singh .

Meet Vijaye Singh the MBA Return. Turned into Professional Tarot card Reader and Numerologist  Tarot reading is a way to answer people’s questions or counsel them on their concerns using a divination tool called tarot cards. Initially, tarot cards were used for games. Today, there are thousands of tarot card readers all over the world. Many, including Vijaye , also use oracle cards in their card readings. Tarot has taken lots of different forms today and tarot readers can take more and more creative licenses in their readings.  Vijaye  is from Kanpur & completed his MBA this year.  He have been doing Tarot Card Reading & Numerology from last 1.5 years. And served more than 2500+ clients worldwide. He Learned Tarot & Numerology in his first year of MBA. And now he use to follow his passion    Numerologists claim to divine the future through ancient practices related to the numbers associated with a person's name, birth date, and other basic aspects of life. T
88 comments
Read more

Pika Dubey

Meet Pika Dubey, a Mumbai-based Counselling Psychologist and the visionary founder of The Head Space Lab.   Pika Dubey holds a degree in Psychology from renowned institutions including Webster-Athens where she was a Gold Medallist and the National Healthcare Academy in Singapore. She has expertise in Relationship Counselling, Family dynamics and Neuro-Science. Adding to her achievements, she has garnered diplomas from esteemed institutions such as Yale and Harvard, reflecting her unwavering commitment to academic excellence and professional development. Her heartfelt advice to the youth- “In navigating the complexities of today's world, it is important to understand external Influences —whether it's the influence of friends, family, environment, Social Media, or corporations. I encourage youth to think and always Question things, Don’t follow Blindly. Avoid succumbing to the pressure of blindly following trends deemed ‘cool’. Try to understand who you are amidst the
5 comments
Read more