The Startup India Insight

Nykaa

Nykaa is an Indian e-commerce platform specializing in beauty and wellness products, offering a wide range of cosmetics, skincare, and personal care items.

Nykaa Journey

Nykaa's Founder and History

Nykaa is a one of the leading E-commerce company in Personal Care & Cosmetics category.

It founded by Falguni Nayar in April, 2012 with a headquarter of Mumbai, India.

It become a popular E-commerce platform among customers in Personal Care & Cosmetics.

The success of Nykaa involve a hard work or marketing strategy which applied by its founders in it.

Its Wikipedia page reported that its founder or Falguni Nayar is a former director of Kotak Mahindra Bank.

It sell products in different categories by their website as well as their app platform.

Wikipedia reported that it have approximately 100+ physical stores from where the products are also sold by company physically not by the platform.

Nykaa Unicorn Status

Multiple unicorns are their in India but it's different from them, and their is something special in this unicorn which is that, it become 1st unicorn in India which is operated by a Women.

After 8 years of successful business, It achieve a status of unicorn in March, 2020. At the time when its become its entry valuation of 1.2 billion dollars.

Its valuation later reached up to 1.8 billion dollars after the last round of investment.

This means investors invested on Nykaa in a valuation of 1.8 billion dollars in last funding round.

Initially it founded by Falguni Nayar as a private startup or E-commerce platform which later become a publicly listed company.

Currently it can ask general public to buy its shares and debentures, it help Nykaa to attract more investors for its company.

Nykaa Investors

Some of the most popular peoples or companies who invested in Nykaa are like Techpro Ventures, TVS Capital, Sharrp Ventures, TPG Growth, Steadview Capital and so on.

The number of investors of Nykaa also increased year by year, which help it to increase valuation among investors.

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Nykaa Targets Positive EBITDA for Fashion Business by FY26

Recently Nykaa which is a leading player in the Indian e-commerce sector, is setting ambitious financial targets. Nykaa targets positive EBITDA for fashion business by financial year 2026. Its E-Retail CEO Anchit Nayar recently announced that Nykaa Fashion’s EBITDA has been around negative 10% for some time. However, the company expects this to turn positive […]

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