THE NAYAKS OF NYKAA
Retailer|September - October 2023
HOW THE DYNAMIC DUO - ANCHIT AND ADVAITA NAYAR - ARE DRIVING THE BRAND'S RETAIL GROWTH ACROSS INDIA
NANDINI BANERJEE
THE NAYAKS OF NYKAA

"We are consistently expanding our physical retail spaces to provide customers with a real touch and feel experience. Our physical stores are thoughtfully designed to cater to the discerning modern-day Indian consumer, seamlessly blending the offline and online experience." - Anchit Nayar, Executive Director & CEO – Beauty E-Commerce, Nykaa

The year was 2014, and I was invited to Khan Market for a beauty product launch. Sipping wine at Perch, and waiting to speak to Falguni Nayar about her vision for Nykaa (it was a budding e-commerce beauty platform with fabulous and trending nail paints), I was introduced to her children, who were shadowing their mother and mingling with the gathered journalists. My first impression was that the siblings were enthusiastic, eager to listen to the beauty editors and had their own vision of what they thought Nykaa could become. Cut to 2023 – today the brand has emerged as a beacon of innovation and success, with many remarkable achievements and a trailblazer in the beauty retail industry, with the Nayar twins each becoming ‘Generals’ for the brand – Anchit for BPC and Adwaita for Fashion and Home.

According to Anchit Nayar, Executive Director & CEO – Beauty E-Commerce, Nykaa, the relentless commitment of Nykaa to deliver an optimal customer journey has been at the heart of their success. By empowering the brand partners to realize their full potential and consistently driving stakeholder value, the brand has played a pivotal role in reshaping the beauty retail landscape in India. 

This story is from the September - October 2023 edition of Retailer.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the September - October 2023 edition of Retailer.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM RETAILERView All
What Drives Gen Z's $860 Billion Spending Power and Why It Matters
Retailer

What Drives Gen Z's $860 Billion Spending Power and Why It Matters

With a staggering 377 million members, Gen Z is poised to redefine India's consumer landscape. Their unique preferences and immense purchasing power are set to drive a remarkable $2 trillion economy by 2035.

time-read
3 mins  |
October - December 2024
The AI-Powered Future
Retailer

The AI-Powered Future

In the rapidly evolving world of commerce, where digital transformation has become the cornerstone of success, the role of artificial intelligence (AI) stands out as a game-changer.

time-read
3 mins  |
October - December 2024
D2C's King: Vivek Biyani
Retailer

D2C's King: Vivek Biyani

How Biyani is taking experiential commerce to newer levels and giving digital first brands prime spot on retail shelves with Broadway.

time-read
1 min  |
October - December 2024
Chef Adwait Anantwar's Flavor Magic at INJA
Retailer

Chef Adwait Anantwar's Flavor Magic at INJA

In an exclusive interaction, Chef Adwait Anantwar, Chef Partner at the popular restaurant INJA by Atelier House Hospitality, discusses how he brings uniqueness and creativity to his culinary creations.

time-read
3 mins  |
October - December 2024
QC is the Secret to myTrident's 400% Growth!
Retailer

QC is the Secret to myTrident's 400% Growth!

With an ambitious goal to double its revenue to over Rs 1,000 crores in the next three years, the brand is strategically focusing on increasing retail presence and penetrating new markets, especially in the southern and eastern regions.

time-read
3 mins  |
October - December 2024
How GIVA's Fine Jewelry Empire is Growing at 100% YoY
Retailer

How GIVA's Fine Jewelry Empire is Growing at 100% YoY

GIVA eyes 300 stores in 2 years and Rs 1500 cr revenue in 5 years!

time-read
4 mins  |
October - December 2024
SPEED MEETS STYLE
Retailer

SPEED MEETS STYLE

With the rise of platforms like Blinkit and Zepto, fashion brands are seeing quick commerce not just as a delivery mechanism, but as a critical part of their retail strategies

time-read
3 mins  |
October - December 2024
Indian Origin D2C Brands Make Mark in Global Markets
Retailer

Indian Origin D2C Brands Make Mark in Global Markets

For many Indian brands, the motivation to expand internationally stems from a desire to share India's unique offerings with the world.

time-read
3 mins  |
October - December 2024
TOP MARKETING TRENDS 2024
Retailer

TOP MARKETING TRENDS 2024

In today's fast-paced world, the right marketing approach isn't just crucial for staying afloat-it's the driving force behind brand reinvention and expansion. Ready to discover the secret sauce of three giant retail brands in India? Let's dive into the strategies that are making them the trendsetters of the year.

time-read
7 mins  |
October - December 2024
How India's Pet Care Industry is Raising the Woof!
Retailer

How India's Pet Care Industry is Raising the Woof!

India's pet care industry is on a rapid ascent, projected to reach $350 billion by 2027, as rising pet ownership and pet \"humanization\" drive demand for premium products, specialized services, and innovative, pet-focused retail experiences.

time-read
2 mins  |
October - December 2024