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(789)
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Funding

RAS Luxury secures $5M from Unilever Ventures to fuel omnichannel expansion

Akshita Toshniwal | January 8, 2025

RAS Luxury is looking to expand its retail footprint and product pipeline with the capital infusion as it aims to bring in one-fourth of its revenue from offline channels.

Daily Capsule

Beauty and Superstore lead Nykaa’s growth; Shaping the future of logistics

Team YS | January 7, 2025

Nykaa expects to see strong growth for its beauty and superstore verticals in the third quarter. upGradMayank Kumar and OYO's Ayush Mathur are reuniting to skill Indian talent. TSAW Drones offers on-demand delivery for sectors like healthcare, ecommerce, and quick commerce.

News

Nykaa Q3 outlook: Fashion trails as beauty and superstore segments lead growth

Akshita Toshniwal | January 6, 2025

FSN E-Commerce, Nykaa's parent, expects to see strong growth for beauty vertical and superstore as it looks to get its fashion vertical on strong footing.

In Depth

Rewind 2024: AI domination, quick commerce heat, profit chase triumphed Indian startups

Kanishk Singh | December 30, 2024

In 2024, Indian startups realised the promise of AI, saw the success of burgeoning sectors like quick commerce, and were reigned in by investors to focus on profits.

In Depth

In 2024, quick commerce growth boomed. Players now eye the sweet spot of profitability

Akshita Toshniwal | December 26, 2024

With consumers looking at quick commerce players like Zepto, Blinkit, and Instamart for everything, from eggs to iPhones, the companies now aim for profitability and expansion.

Entertainment

2024 throwback: Movies and experiences that ruled India

Debolina Biswas | December 20, 2024

BookMyShow unveiled its entertainment and experiences report, revealing pivotal trends and the meteoric rise of live entertainment and the global storytelling landscape.

Corporate

Startup IPOs in 2024: Private markets were cold but public markets were warm and welcoming

Thimmaya Poojary | December 20, 2024

2024 was a defining year for the Indian startup ecosystem with more than a dozen companies getting publicly listed, setting the stage for a promising 2025.