Nykaa

Nykaa was founded by Falguni Nayar, in 2012 with a vision to create a comprehensive and convenient shopping experience for beauty enthusiasts. The company started as an online platform and later expanded to an omnichannel model in 2015.

The name "Nykaa" originated from the Sanskrit word "Nayaka," meaning one in the spotlight.

Nykaa's working model revolves around its user-friendly website and app, giving customers easy access to browse and purchase their preferred beauty products. The platform provides comprehensive product descriptions, expert reviews, and beauty tips, to help customers make well-informed decisions.

In 2020, Nykaa became the first Indian unicorn to be headed by a solo woman founder.

Over the years, Nykaa has raised over $215 million in funding across 15 rounds from marquee investors like Steadview Capital, Morgan Stanley, and Fidelity, among others.

In October 2021, FSN E-commerce Ventures, Nykaa’s parent company, opened up its IPO, raising more than Rs 5,000 crore. In November, the stock was listed at an 80% premium, making Nayar the richest self-made billionaire in the country.

Today, Nykaa has several brands under its wing—Nykaa Naturals, Nykaa Cosmetics, Kay Beauty, 20 Dresses, and others. Since 2019, it has also made several strategic acquisitions.

Articles(739)
Videos(2)

Funding

Nykaa to raise Rs 125 Cr in debentures from foreign portfolio investor

Akshita Toshniwal | July 23, 2024

Falguni Nayar-led Nykaa did not reveal how it plans to use the funds, but is focusing on GCC expansion amid stiff competition from Reliance’s Tira and Tata Cliq.

News

Nykaa allots 1.73 lakh shares under ESOP scheme

Akshita Toshniwal | July 16, 2024

This is Nykaa's third ESOP grant of this financial year. Nearly a month ago, it allotted 4.73 lakh equity shares under its ESOP.

Ecommerce

Canada Pension Plan Investment Board offloads 0.52% stake in Nykaa

Sai Keerthi | July 11, 2024

The Canadian institutional investor sold a part of its stake in FSN E-Commerce Ventures Limited in a block deal.

News

Nykaa projects higher consolidated revenue growth in Q1 FY25

Sai Keerthi | July 10, 2024

The ecommerce company forecasts upbeat growth amidst low demand and muted physical retail sales.

Beauty

Nykaa bets on Gulf expansion with new unit to sell BPC products

Akshita Toshniwal | July 5, 2024

Nykaa is focusing on beauty and personal care products, leveraging its successful track record in its home market, as it seeks to establish a presence in the Gulf region.

Beauty

Nykaa allots 4.73 lakh shares under ESOP scheme

Akshita Toshniwal | June 14, 2024

This marks Nykaa’s second grant of ESOPs less than a month after a previous stock option grant right before the company’s fourth-quarter earnings.

Corporate

Indian Startup stocks in red after stock markets crash

Thimmaya Poojary | June 4, 2024

The stock price of all the Indian startups declined on Tuesday, with the steepest fall registered by Honasa Consumer at 6.55% followed by Delhivery at 6.26%.