New Business with Exploring Demands
An Indian unicorn startup ecommerce company headed by women named Falguni Nayar started in 2012 with headquarter at Mumbai. It has been selling beauty, wellness and fashion products across digital platform like web, Mobile apps as well as online stores.
As of 2020, it was valued at 85 billion Indian currency company. But as present as we speak it has achieved a significant and high position among many.
It retails over 2000 brands and two lakh products across its platform. As the name of company Nykaa which means one in spotlight now it's achievement as in spotlight.
In October 2021, Nykaa got approval from Stock exchange board of India to float initial public offering at the National stock exchange and Bombay stock exchange, being one of the first beauty and wellness segment in India to list on the stock market.
It has three offline store formats named as Nykaa Luxe, Nykaa on trend and Nykaa beauty kiosks. Nykaa Luxe features some of international brands which are only made available through Nykaa. Nykaa on trend has products curated by category basis on popularity. It has celebrity partnership brand like Kay Beauty with Katrina Kaif and wonderful fashion jewellery brand like pipa bella.
Nykaa Corporate social responsibility lines up with CARE international foundation, Make a wish and many other organizations.
As per business standards, FSN ecommerce venture, the parent company for Nykaa made a strong stock market debut with share listing at Rs 2,018, a 79% premium over its issue price of Rs 1,125 per share on National stock exchange. On Bombay stock exchange, stock opened at 2,001 at 78% premium.
" The power of tech has been major learning as an entrepreneur" - Falguni Nayar
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