While growing up, girls were handed kitchen sets and makeup kits to play with. With pink as the dominant colour of each toy, society taught us certain roles that were expected from a particular gender and confined the thought process under such social factors. Well, makeup has been a significant part of the lives of women and has now proven to hold the power to change the lives of millions and also the one who became the wealthiest self-made women in India.
Falguni Nayyar, a former leader in a top investment bank, founded Nykaa in 2012. Nykaa is a start-up that brought various beauty and skincare brands to one single online platform. As we are about to enter 2022, we see various showrooms with luxury and economical beauty brands, all presented and provided to the consumers by Nykaa. As a profitable company, Nykaa’s sales surged 35% to $330 million in March.
Nayar owns her company stake through two family trusts and seven other promoter entities, including her son and daughter, who run different Nykaa. As various online start-ups make their debut with IPOs, including Zomato, Nykaa has bagged one for themselves, turning the shares to 89%. According to NDTV, Nykaa priced its initial public offering at the top end of a marketed range, raising 53.5 billion rupees ($722 million). The stock was up 78% as of 10:36 a.m. in Mumbai. Bloomberg Billionaires Index bestowed Falguni Nayyar with the title of India’s wealthiest self-made female billionaire.
Falguni Nayyar has become the major contributor to a societal change where breaking the stereotypes with a stereotypical notion is an amazing paradox that needs to be repeated. As primary beauty products like Kajal and Lipstick dominate society’s beauty standards, Falguni Nayyar has changed the outlook of Indian businesses and start-ups with these necessities.
As makeup breaks the barrier and enters the realm of unity, where its usage is accepted both by men and women, we as consumers have a long way to go with business enterprises. However, this is a significant achievement for Falguni Nayyar and us as Indian consumers. We congratulate you on this marvellous achievement.
More power to you.. Keep Rising and Shining !