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Nykaa

#2357

Rank

$6.53B

Marketcap

IN India

Country

Nykaa
Leadership team

Mr. Rajesh Uppalapati (Chief Technology Officer)

Ms. Falguni Sanjay Nayar (Founder, Exec. Chairperson, MD & CEO)

Mr. Manoj Jaiswal (VP of Operations & CSO)

Products/ Services
Beauty, E-Commerce, Fashion, Lifestyle, Wellness
Number of Employees
1,000 - 20,000
Headquarters
Mumbai, Maharashtra, India
Established
2012
Net Income
5M - 20M
Revenue
500M - 1B
Traded as
NYKAA.NS
Social Media
Overview
Location
Summary
FSN E-Commerce Ventures Limited, through its subsidiaries, provides a range of beauty, personal care, and fashion products for women, men, kids, tech, and home in India. The company manufactures, distributes, and sells beauty, wellness, fitness, personal care, health care, skin care, hair care products, fashion garments, fashion accessories, and equipment. It also provides western wear, Indian wear, lingerie, footwear, bags, jewellery, accessories, athleisure, tech accessories, home decor, bath, bed, and kitchen products. The company offers its products under the Nykaa Cosmetics, Nykaa Naturals, Kay Beauty, Wanderlust, Nykaa SkinRx, RSVP, Dot & Key, Twenty Dresses, Nykd by Nykaa, Pipa Bella, Gajra Gang, IYKYK, Earth Rhythm, Kica, and Nudge Wellness brands. It retails its products through e-commerce, m-commerce, Internet, and Intranet, as well as through physical stores, stalls, general trade, modern trade, etc. As of March 31, 2022, it operated 105 physical stores under the Nykaa Luxe, Nykaa On Trend, and Nykaa Kiosks formats. The company was incorporated in 2012 and is based in Mumbai, India.
History

In April 2012, Falguni Nayar, a former managing director at Kotak Mahindra Capital Company, founded Nykaa as an ecommerce portal curating a range of beauty and wellness products. The brand name Nykaa is derived from the Sanskrit word nayaka, meaning actress or "one in the spotlight". The website was first launched around Diwali 2012, and was available commercially in 2013.In 2015, the company expanded from online-only to an omnichannel model and began selling fashion products.In 2018, Nykaa launched Nykaa PRO. It is a premium membership program that provides users special access to professional beauty products and offers on the Nykaa app. In 2018, the company also launched an online beauty forum called Nykaa Network.In March 2020, Nykaa raised ?100 crore from Steadview Capital at a valuation of US$1.2 billion, making it a unicorn startup. This was followed by another tranche of ?67 crore funding by Steadview in May 2020.In October 2020, the company launched Nykaa Man, India's first multi-brand ecommerce store for men's grooming. The company expanded into fashion by launching Nykaa Design Studio, which was renamed to Nykaa Fashion.

In November 2020, global asset management firm Fidelity invested in the company through a secondary sale of shares from an existing equity investor.In December 2020, Nykaa Fashion launched its first store in Delhi, making the fashion business omnichannel.Nykaa opened its initial public offering on 28 October 2021. The IPO raised ?5,352 crore at a valuation of US$7.4 billion. Nykaa was publicly listed on the NSE and BSE on 10 November 2021, and its price rose by 89.2% on opening day, valuing the company at nearly US$13 billion. Founder Falguni Nayar, who owned a 53.5% stake in the company, became India's wealthiest self-made female billionaire on the listing day.

Mission
At Nykaa, our mission is to bring comfort and convenience to the lives of all beauty and wellness enthusiasts across India. We aim to provide the best online shopping experience for our consumers: from quick and reliable delivery to authentic products, we aspire to do our best for everyone.
Vision
Our vision is to be the premier destination for beauty and wellness products in India. We want to make Nykaa the most trusted beauty destination in the country, providing the best selection of products and services across categories.
Key Team

Mr. Rajendra Nath Punde (Head of Legal, Compliance Officer & Company Sec.)

Mr. Surender Mehta (Group Chief Human Resource Officer)

Ms. Shalini Raghavan (Chief Marketing Officer)

Ms. Adwaita Nayar (Exec. Director)

Mr. Anchit Nayar (Exec. Director)

Mr. Nihir Parikh (Chief Exec. Officer of Nykaa Man)

Mr. Vikas Gupta (Chief Exec. Officer of eB2B)

Recognition and Awards
Since its inception, Nykaa has won several awards, including the Mashable Award for Best Online Shopping Site at the Indian Digital Media Awards 2013 and the Asia Retail Congress Award for e-Retailer of the Year in 2018.
References
Nykaa
Leadership team

Mr. Rajesh Uppalapati (Chief Technology Officer)

Ms. Falguni Sanjay Nayar (Founder, Exec. Chairperson, MD & CEO)

Mr. Manoj Jaiswal (VP of Operations & CSO)

Products/ Services
Beauty, E-Commerce, Fashion, Lifestyle, Wellness
Number of Employees
1,000 - 20,000
Headquarters
Mumbai, Maharashtra, India
Established
2012
Net Income
5M - 20M
Revenue
500M - 1B
Traded as
NYKAA.NS
Social Media