So who is Falguni Nayar? what's her story and how did he end up starting #nykaa and becoming India's 1st women entrepreneur to lead a unicorn into the public markets. A short thread 🧵 
Falguni Nayar did her MBA in Finance from IIM-A and
worked with Kotak Mahindra group as an investment banker in US and UK for 18 years. In April 2012, she quit as MD after she turned 50 and found #Nykaa. People thought I was crazy,” Nayar said to Vagabomb.
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worked with Kotak Mahindra group as an investment banker in US and UK for 18 years. In April 2012, she quit as MD after she turned 50 and found #Nykaa. People thought I was crazy,” Nayar said to Vagabomb.
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The brand name #Nykaa is derived from the Sanskrit word nayaka, meaning ‘one in the spotlight’. Nykaa sells beauty, wellness, and fashion products through digital and 76 offline stores for men and women.
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Falguni wanted to create an integrated shopping experience where consumers could shop online or in physical stores. She along with her family holds a 54% stake in #Nykaa. The value of this stake could be around 20-25,000 crores post listing. #nykaaipo
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Other than heading #Nykaa, she is on several boards including the Aviva Insurance Board, Dabur India, and as an Independent Member on the Tata Motors Board.
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Falguni Nayar has received awards like The Most Powerful Women in Business 2017 by Business Today and Woman Ahead (2017) by Economic Times Startup Awards 2017.
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In one of the interviews, Falguni Nayar said that in place of selling a diff shade for lesser price, we prefer to sell right shade for a good price. She didn't wanted #Nykaa to be a discount based market place. She created a niche for beauty and personal care products.
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“I wanted to stand for those women who want to be beautiful for themselves, not for men or other women!”
she said in an interview on her story of starting #Nykaa.
she said in an interview on her story of starting #Nykaa.
As much as inspiring her story is, it will be a new chapter to both her and Nykaa post listing. She has a big responsibility of justifying the $7 Billion valuation and competing with the likes of Tatas and Reliance.
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Her success can be considered as a watershed moment for women entrepreneurs in India and hope it inspires many more women in India to startup. Eager to see how #nykaa performs. Currently on watchlist and planning to own it some day when valuations make sense.🙂
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End of thread!
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