Falguni Nayar On The Watch List Of Fortune’s Global Most Powerful Woman 22

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With the 2021 IPO of her beauty business at a $13 billion valuation, she has become the first Indian woman to take a unicorn public. 
This year she is in the Fortune included her in their watch list of Global Most Powerful Woman. 
She is an assal Mumbaikar . Her father had been a businessman who ran a small bearings company. After school, she graduated from Sydenham College of Commerce and Economics with a degree in Bachelor of Commerce. Later, she had gone to  IIM , Ahmedabad. 
Nayar would had continued with her professional career as Managing Director of the investment vertical of leading private banking conglomerate, where she  worked  for more than 20 years. She was the Managing Director at Kotak Investment Banking for almost four years. Thereafter enjoyed her retirement perks in a chalet at a cosy beach. 
While working as the Managing Director at Kotak Mahindra, Nayar decided to experiment and to start a company of her own. She toyed up with  a couple of ideas, one of them being a multi-brand e-commerce platform. In 2012, she quit her job and launched Nykaa. 
She started her company out of her father’s small office with three employees on board. During the early days, the company faced quite a few challenges. Their website kept on crashing; the minute they hit 100 orders, the whole system would shut down. In 2013, the demand started increasing. Nayar’s daughter also quit her job and joined Nykaa. In 2015, Nykaa launched its beauty products which was a huge success. The company became one of the biggest e-commerce and beauty retail platform in a short period of four years that sells branded products across wide categories of makeup, skincare, hair care, fragrances, bath & body and luxury products for women and men.. In 2020, it became the first Indian unicorn startup led by a woman. During COVID-19, the company faced few  setbacks. But the company was  able to pull up and emerged as a top player in the industry. In 2020, the company also launched its first outlet in Delhi. Last year, Nykaa came up with an IPO in November and received overwhelmingly response, received bids for 40 times the number of shares it plans to sell to anchor investors in its initial public offering (IPO), Investment firm Blackrock Capital Group and asset manager Fidelity were among the top buyers in the 23.96 billion rupees ($319.68 million).  Nayar’s company has  net worth around  $13 billion. 
Nagar has proved that age is not a bar to start a business. Her company Nykaa is now  the Amazon of the beauty industry in India. Not surprising, Fortune has kept Ms Nayar in  their Watch List Of Global Most Powerful Woman 22.


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