Nykaa.com is the biggest beauty online store in India and its creator, Falguni Nayar believed in the e-commerce beauty business so much, that she quit her comfortable corporate job for it. Born and raised in Mumbai to a Gujarati family, she always has business in her genes. After graduating from IIM, Ahmedabad, she began her career as a management consultant. She worked for Kotak Mahindra Bank for 18 years and constantly travelled between the UK and the US.
While in America, she often shopped at beauty stores like, Sephora, Ulta and wanted to start something similar in India. A Greek poem that her daughter shared with her, inspired her to put her dream into action. Soon, she was ready to quit her successful 25-year career in finance for a startup. To achieve her dreams, she worked tirelessly, often sleeping 3 to 4 hours a day to make the business as we see it today. She also released her own makeup and body care brand on the website, which became a bestseller.
In 2016, the company gained over 104 crore rupees from investors and this year the company has grown to an empire worth more than 200 crores. Currently, they are eyeing a whopping 400 crore milestone.