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I cover Indian entrepreneurs and their struggles and successes in their journey to wealth-creation. Today, the startup is the go-to platform for … Copyright © 2020. All rights reserved.For reprint rights. That allowed her to minimize overhead while introducing to India an endless aisle of international products such as Estée Lauder, Clinique and Bobbi Brown. “Falguni’s grasp over the entirety of her business—from the minute aspects of operations to big-picture finance—is extremely unique, and very rare for a startup founder and entrepreneur,” says Angad Banga, chief investment officer for the family office of Hong-Kong based commodities billionaire Harindarpal Singh Banga. Nykaa has raised $51 million in funding and, in April, TPG Growth invested $14.4 million for an undisclosed stake in a deal that valued Nykaa at $724 million. Since its launch as an online beauty store in 2012 by Falguni Nayar, former MD of Kotak Mahindra Capital Company, the brand has served millions … But she soon realized customers wanted to touch and try products before buying them. Opinions expressed by Forbes Contributors are their own. Kutub Ariwala. Once Falguni Nayar walked into a Sephora store abroad and was amazed to see the variety of beauty products available under one roof. Nayar’s second innings began with e-commerce portal Nykaa, which she set up in 2012, once her kids had gone to college and become independent. The startup was founded in 2016 by graduates of Indian School of Business Abhishek Kothari, Deepak Jain, Manish Lunia, and Ritesh Jain. Nykaa has also launched its own fashion line. My work has appeared in a wide variety of North American publications ranging from The New York Times to The Vancouver Sun. I cover Indian entrepreneurs and their struggles and successes in their journey to wealth-creation. Nykaa joined hands with Katrina Kaif to launch India’s first celebrity beauty brand with a campaign titled #ItsKayToBeYou. Falguni Nayar Founder & CEO. Falguni Nayar. View the profiles of professionals named "Nayar" on LinkedIn. I am a contributing editor of Forbes Asia. “I’d get meetings because of our backgrounds,” she says, “but meetings didn’t always mean money. There were free trials, makeovers, and a lot of talk on the beauty all around the store. Nykaa | 84,968 followers on LinkedIn. | Nykaa.com is India's biggest online destination for beauty & wellness. She was working as an investment banker in Kodak Mahindra; and then left the job to pursue her dream of starting her own company. LinkedIn. With the latest funding, FlexiLoans has raised a total of ₹500 crore in equity and debt funding so far. Former investment banker Falguni Nayar is the founder of Nykaa I have a degree! The beauty all around to guide on customer needs “i’d get meetings because of our backgrounds, ” says... 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