Nykaa
Nykaa is an Indian beauty and fashion retailer founded in 2012 by Falguni Nayar. It is India’s largest beauty retailer, with over 1,000 stores across the country. Nykaa also has an online presence, with a website and mobile app that offer a wide range of beauty products, including cosmetics, skincare, haircare, and fragrances.
Market Share:
- Over 1,000 stores across 70+ cities, covering a significant portion of the Indian market.
Last Three Years Balance Sheet:
- FY21: The specific profit/loss details for FY21 were not available in the sources I found.
- FY22: Nykaa’s revenue was Rs 3,774 crore.
- FY23: The company’s gross revenue increased by 36.3% to Rs 5,144 crore. However, profits contracted by 49% to Rs 21 crore compared to Rs 41.3 crore in FY22.
Nykaa Founders
Falguni Nayar
The founder of Nykaa is Falguni Nayar, a visionary entrepreneur who transformed the Indian beauty landscape. Falguni, a former investment banker, recognized the need for a curated and accessible beauty platform catering to the diverse needs of Indian women.
Socials
Top 10 Profitable Startups of India [Updated 2024]
India has achieved new heights past year and is continuing to gain heights at present as well. These new ideas are becoming successful because of technology, and artificial intelligence, and this country’s audience adopting these technologies fast. If we look at the previous stats of our country’s startup, It has made nearly 111 unicorns. From actors and actresses to youngsters, everyone in the country has innovative ideas and they have made their ideas turn into reality with the help of little funding made by investors and small marketing strategies.
Talent and startup ideas are at every corner of the country. That’s why the Indian government has also taken the “Startup India Initiative”. This initiative is helping young minds showcase their talents by taking part through colleges or single person only.
Contact Us