THE NYKAA SHOW
The firm has grown from strength to strength
$722 MILLION Amount raised by Nykaa in its IPO
84 Total operational physical stores of Nykaa as on September 30
11 MILLION Nykaa’s consumer base as on March 31
SOURCE: NYKAA’S Q2 RESULT, NYKAA DRHP
ON NOVEMBER 10, small-time retail investor Natasha Aggarwal opened a bottle of bubbly at around 11 am. Though a bit early in the day, the occasion called for a celebration. Nykaa, the advertising professional’s go-to e-commerce site for all beauty needs, had made a blockbuster debut on the stock exchange. The stock soared 89 per cent to ₹2,129. Aggarwal, who had been allotted “a decent number of shares” at the IPO price of ₹1,125, was celebrating her monetary gains.
She raised a toast to Falguni Nayar, the 58-year-old Founder and CEO of Nykaa, who made it possible for many like her to reap the benefits as both a customer and an investor in the company. As Nykaa’s valuation soared to nearly $13 billion, Nayar became India’s wealthiest self-made woman entrepreneur with a net worth of nearly $7.4 billion. “She is an inspiration,” cheered Aggarwal.
But it took some chutzpah.
Nayar turned entrepreneur in 2012, when she was touching 50—roughly double the age of the average entrepreneur today who has little to lose. Nayar, on the other hand, had just resigned as MD of Kotak Mahindra Capital, her last post in an 18-year investment banking career at Kotak Mahindra Bank.
Diese Geschichte stammt aus der December 26, 2021-Ausgabe von Business Today.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 26, 2021-Ausgabe von Business Today.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky