Success Story, Nykaa Founder : Falguni Nayar, Billionaire at 58
Falguni Nayar surpassed Kiran Mazumdar Shaw of Biocon in terms of wealth in July 2022.
Entrepreneur and businesswoman Falguni Nayar is from India. She is the founder and CEO of Nykaa. Nykaa is an online store that offers goods for fashion, wellness, and beauty. Nayar quickly rose to the status of the richest female billionaire in India after founding Nykaa. She is the second self-made billionaire woman in India, with a net worth of approximately 430 crores USD. Nayar is also on the list of India’s top 20 richest personalities.
Falguni Nayar surpassed Kiran Mazumdar Shaw of Biocon in terms of wealth in July 2022. For aspirin women around the nation, Nayar serves as an ideal example. In this article we will discuss her achievement story and highlight her journey from being a start-up founder to becoming a billionaire at 58,
Falguni Nayar’s early life and career
On February 19, 1963, in Mumbai, Maharashtra, Falguni Nayar was born. Her father was an entrepreneur who owned a modest bearings business. After finishing school, she earned a Bachelor of Commerce from Sydenham College of Commerce and Economics. She afterwards enrolled at Ahmedabad’s Indian Institute of Management. Nayar spent 20 years in Kotak Mahindra Group before laying the founding stone of Naykaa in 2021. For almost four years, she served as the managing director of Kotak Investment Banking. She started Naykaa at the age of 49 in her father’s workplace. She soon became one of the richest people in the nation when her net worth reached $6.5 billion.
Falguni Nayar’s journey with Nykaa
In 2009, Nayar planned to launch her own business while serving as the managing director of Kotak Mahindra.She had a few concepts by 2011, one of which was a multi-brand e-commerce platform. She left her job in 2012 and started Nykaa. Nayar established her business with three employees at her father’s modest office. When they reached 100 orders, their website immediately failed, bringing the entire system to a halt. The demand began to rise in 2013. The daughter of Nayar also left her job and joined Nykaa. Nykaa introduced its cosmetic products in 2015, and they were a big success. In four years, the business grew to become one of the largest e-commerce and beauty retail platforms.
Falguni Nayar’s ultimate rise
The second self-made female billionaire of India, Falguni Nayar, has a story that continues to inspire millions of women in not just India, but around the globe. Her business had a net worth of $13 billion as of November 2021. Nykaa, in recent times, has emerged as the Amazon of the cosmetics sector. Falguni Nayar made the decision to leave her 20-year job and took a big risk. She started from nothing and established an entire empire through perseverance and hard work. Women around the nation look up to her as an inspiration.
With Nykaa, the entrepreneur definitely first encountered considerable difficulties. However, they persevered and gained knowledge from their errors. First off, hard work instils in us a sense of commitment, resolve, and endurance. Second, we must never quit and always learn from our failures. Maintain your self-confidence and pursue your dreams.
