Nykaa is one of the well-known brands in the beauty, wellness, and fashion Industry. In this article, you will read about the Success Story Of Falguni Nayar, The Founder & CEO of Nykaa. Read the full article and you will know how Falguni builds her business empire.
It is said that there is no gender for success. But when the gender of the society touched the peak of success which has been suppressed for centuries. So that success is very special in itself. There is no doubt that women in every country, religion, and class have always been considered inferior to men.
Despite all the restrictions, there are many strong women who changed the thinking of society with their work and reached the peak of success. He set new records by shaking every restriction. The name of one such person is Falguni Nair. Phalguni Nair created a history of success in business (entrepreneurship).
Falguni is the founder of online beauty and wellness retailer Nykaa.com. The company’s business is currently more than 200 crores. Which gives employment to about 230 people. The business of this company is expected to reach 300 crores by the end of 2017. Today we are going to tell you his story.
Falguni studied at the ‘Indian Institute of Management’ (IIM) in Ahmedabad and then worked as a capital investment managing director at Kotak Mahindra Bank.
Falguni’s life was going well. It was money, it was a good job. But she was restless because somewhere she was not happy with her work. They had to create their own identity. Resources and money were scarce. Falguni’s family members were not rich enough to get money from the family to invest. But the beginning is from the first step and Falguni showed it. He started E-Commerce Ventures Pvt Ltd Nykaa.com in 2012
Falguni laid the foundation of his business in the field where big brands from India and abroad were already spreading their feet. Falguni went ahead with a passion to be different and new from everyone. They made their place in the market in the same way that we make a place for ourselves by moving everyone to a crowded bus by moving them with elbows.
You can find out the progress of his company from the fact that if you take the name of a heroine from any person who uses any beauty and wellness products around you, then he must know it. Nayaka was not even included in her beauty and wellness products 5 years ago.
Nayaka Filhal sells 400 brands of products. It has about 40,000 products on its website. Nykaa completed its first round of funding in June 2014. During this time, the company raised $ 3.2 million from Indian investors. The Assocham-Price Water House Coopers study says that online shopping is expected to rise by 72 percent in 2016, in view of the strong growth in 2015. There are nine stores running beautiteller Nike. According to founder and CEO Falguni Nair, there are plans to open ten more new stores.
Falguni Nair came up with the idea of Nayaka visiting multi-brand beauty product stores. She was not a regular consumer of beauty products herself. Even then, they had to spend hundreds of dollars only on the name of the brand. Nair believed that there was no single store where everything could be found. Then he created a similar store.
Phalguni message for women
Falguni, the mother of two children, believes that women should get out of the zeal that if they work, their personal life will be affected. I believe that if a woman makes it her goal to get something with strong intentions, then she keeps on getting it.
Even at the peak of success, Falguni believes that this is only the beginning of his career. Even if we reach any point, the journey of miles remains.
The heroine has retail partnerships with the world’s top ‘personal care brands’ such as Unilever, P&G, L’Oreal, Beiersdorf, Johnson & Johnson. Along with Nayaka, more private investors are going to fund 20 crores.
Even after a marriage women can build a business empire we learn from the Success Story Of Falguni Nayar. As a successful entrepreneur now she is the biggest inspiration for all women. What you learned from her story write in the comment section. And if you like this article feel free to share it with your friends or on social media platforms.