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Falguni Nayar, CEO of Nykaa, Women Entrepreneur, BioGraphy,
Women Entrepreneur

Empire of Beauty: The Journey of Falguni Nayar, Founder of Nykaa

Early Life:
Born on February 19, 1963, into a Gujarati family in Mumbai, Maharashtra, Falguni Nayar emerged as an Indian billionaire businesswoman and the visionary behind Nykaa, a retail powerhouse in the beauty industry. She married Sanjay Nayar in 1987, whom she met at Business School, and together they have two children, Advaita and Anchit.

Falguni Nayar

Nayar pursued her education at New Era Public School and later graduated from Sydenham College of Commerce and Economics. Her quest for knowledge led her to obtain a post-graduation degree from the prestigious Indian Institute of Management Ahmedabad.

Commencing her professional journey at Kotak, Nayar spent 19 years with the Kotak Mahindra Group, where she held various pivotal roles, including Managing Director of the group’s Venture Capital Division. However, her entrepreneurial spirit propelled her to embark on her own venture. Inspired by her father’s business acumen, she founded Nykaa in 2012, recognizing the untapped potential of the online beauty market in India.

Nykaa quickly emerged as a dominant force in the cosmetics and personal care industry, catering to the diverse needs of Indian consumers. From its humble beginnings as an e-commerce platform, Nykaa expanded its footprint, establishing physical stores across metropolitan cities. With an extensive range of beauty, fashion, and wellness products, Nykaa has redefined the beauty landscape, capturing the hearts of millions of customers.

Awards and Recognition:
Falguni Nayar’s groundbreaking contributions have not gone unnoticed. She has been honored with prestigious accolades such as the ‘Woman Ahead’ award at the Economic Times Startup Awards 2017 and Businesswoman of the Year at the Economic Times Award for Corporate Excellence 2019. Additionally, she was recognized as the EY Entrepreneur of the Year 2021, reaffirming her status as a trailblazer in the entrepreneurial sphere.

Falguni Nayar’s journey embodies resilience, innovation, and the relentless pursuit of excellence. With Nykaa, she has not only disrupted the beauty industry but also shattered stereotypes, inspiring women across India to dream big and carve their own paths to success. As Nykaa continues to thrive and expand its reach, Falguni Nayar’s legacy as a pioneer in the beauty industry is firmly cemented, leaving an indelible mark on India’s entrepreneurial landscape.


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