Tag: Falguni Nayar

Nykaa Success Story: How the Beauty Giant Rose to Fame in India

The demand for beauty goods, especially from teens and young people, is driving the cosmetics industry’s extraordinary rise. The industry’s fast digitalization has accelerated its growth even more.

Nykaa has become a major force in this thriving market, providing physical and virtual customers with a wide selection of beauty, fashion, and wellness products. In addition to its current standing, Nykaa’s deliberate foray into the women’s and men’s innerwear markets with Nykd and GLOOT signifies its goal to leave a lasting impression in the personal care industry.

Nykaa is positioned for even greater success in the rapidly changing cosmetics industry because of the intersection of consumer trends and digital innovation. Nykaa’s journey has been impressive, growing from an online beauty store into a big brand with strong sales and higher profits.

Read the success story of Nykaa, Founders and Team, Nykaa history, Funding and Investors, Marketing Strategy, Business Model, Revenue Model, Growth, Acquisitions, Future Plans, and more.

Nykaa Company Details

Company Name	Nykaa
Headquarters	Mumbai, Maharashtra, India
Sector	Cosmetics, Beauty, Personal Care
Founder	Falguni Nayar
Founded	2012
Website	nykaa.com

About Nykaa
Nykaa – Industry
Nykaa – Founder and Team
Nykaa Startup Story | How Did Nykaa Start?
Nykaa – Mission And Vision
Nykaa – Name, Tagline and Logo
Nykaa – Business Model
Nykaa – Revenue Model
Nykaa – Challenges Faced
Nykaa – Funding and Investors
Nykaa – Shareholding
Nykaa – Investments
Nykaa – Acquisitions
Nykaa – IPO
Nykaa – Growth
Nykaa – Financials
Nykaa – Marketing Strategy
Nykaa – Advertisements and Social Media Campaigns
Nykaa – Awards and Achievements
Nykaa – Competitors
Nykaa – Future Plans

About Nykaa

Nykaa is a beauty retail company that sells cosmetic commodities and fashion products, including men’s innerwear, both online and offline. The company also offers comprehensive content that includes product reviews, beauty how-to videos, expert-written articles, and even an e-beauty magazine.

The Nykaa helpline is designed to help its customers choose products and services that are tailored to their needs. The products that beauty and wellness brands boast of are sourced directly from the manufacturing brands and are therefore authentic, and are also available for delivery!

Nykaa – Industry

Based on an estimate by Statista, the Beauty & Personal Care market in India is expected to generate US $31.51 billion in revenue by 2024, indicating significant growth ahead. With a projected compound annual growth rate (CAGR) of 3.00% from 2024 to 2028, the market exhibits a positive trend.

The Personal Care area is the largest in this dynamic landscape, with an expected market volume of US $14.31 billion in 2024. This data highlights the strong potential and changing dynamics of the Beauty & Personal Care market in India and comes from Statista’s extensive study analysis.

Nykaa Growth Story

Nykaa – Founder and Team

Nykaa was founded by Falguni Nayar (Co-Founder and CEO).

Falguni Nayar

Falguni Nayar, the Co-Founder and CEO of Nykaa, is a very successful woman with an excellent background in both education and work. At Sydenham College, she pursued a Bachelor of Commerce (B.Com.) degree with an emphasis on accounting and business/management. After that, she continued her education at the esteemed Indian Institute of Management Ahmedabad, where she graduated with a Master of Business Administration (M.B.A.) and a General Finance concentration.

As a Manager at A F Ferguson & Co., Falguni began her professional career by sharing her knowledge. She held important positions at Kotak Securities as the Head of International Business and, subsequently, as the Director and Head of Institutional Equities Business. Her wealth of skills combined with her spirit of entrepreneurship resulted in the establishment of Nykaa in 2012.

Falguni Nayar is a notable example of someone who has achieved amazing success. She is regarded as the richest self-made woman in India, in 2022 her wealth grew by 345% and ranked fifth among the Top 10 Biggest Gainers List. Her remarkable rise in fortune is a testament to her outstanding business sense and market leadership in the cosmetic and beauty sectors.

Nykaa – Startup Story | How Did Nykaa Start?

Nykaa was established in 2012 by Falguni Nayar in reaction to the disparities she saw in the Indian market for cosmetics. Falguni Nayar found the gaps in product availability across the country, motivated by the huge demand for beauty and cosmetic products in India and inspired by the flourishing marketplaces in nations like France and Japan. These differences served as the impetus for the creation of Nykaa, which aims to fulfill unmet customer needs.

With just three workers, Falguni Nayar started Nykaa with little experience in the retail, beauty, or IT sectors. The business completed about 60 orders in its first few days of operation because it was steadfast in its belief that quality should come before quantity. Falguni Nayar said something that summed up her thinking perfectly: “We’d rather sell the proper shade of lipstick at full price than the wrong shade at half price.”

Nykaa was first created as an online platform and then switched to an omnichannel approach. With its headquarters located in Mumbai, Nykaa has gained recognition for offering a wide variety of fashion, intimate apparel, and beauty and cosmetic products. Enhancing women’s extraordinary in all facets of their lives is Nykaa’s objective, which it pursues through its physical stores, app, and online platform.

Nykaa – Mission And Vision

The mission on the company’s website states, “To create a world where our consumers have access to a finely curated, authentic assortment of products and services that delight and elevate the human spirit.”

The vision on the company’s website states, “Bring inspiration and joy to people, everywhere, every day.”

Nykaa – Name, Tagline and Logo

Nykaa Logo

The brand name ‘Nykaa’ is derived from the word ‘nayaka’, which means ‘one in the spotlight‘ in Sanskrit. The Nykaa parent company name is Fsn E-Commerce Ventures Ltd. Nykaa’s tagline is Your Beauty, Our Passion.

Nykaa – Business Model

Nykaa is a D2C consumer products eCommerce brand, that relies on an inventory-based business model. The company purchases its products directly from the manufacturers and keeps them in its designated warehouses located in New Delhi, Mumbai, and Bangalore. These products are sold either on the website of Nykaa or through its 3 offline store formats: Nykaa Luxe, Nykaa On Trend, and Nykaa Kiosks.

The business model of Nykaa is the inventory-led model that helps the company witness high profit margins and has resulted in a profitable business. Besides, the company also ensures the authenticity of products and follows competitive pricing.

Nykaa experienced major growth in 2015, moving from an online-only business model to an omnichannel strategy. This change allowed the business to sell things through physical stores as well as its website and apps. Enhancing consumer reach and engagement has been made possible by the implementation of the omnichannel approach.

Nykaa – Revenue Model

Nykaa earns its revenues through the below-mentioned means.

Sale of products

The brand sells its products and the products of its partnered brands, which is the primary source of revenue for the brand.

The banner advertisements of the company also help it bring in a lot of traffic, many of which turn into sales.

Discount income, income from commissions, and miscellaneous income are some other sources of revenue for the brand.

Nykaa – Challenges Faced

Being a relatively young player in the cosmetics industry, Nykaa has faced several difficulties in this fiercely competitive field. Prominent entities like Ajio and Myntra pose intense competition, contributing to the intricacy of Nykaa’s market dynamics. It becomes essential to create a unique USP in the fashion industry to successfully navigate this fiercely competitive climate.

Nykaa experienced technical difficulties in its early stages, with its website routinely crashing as order volume increased. Overcoming these difficulties, particularly the early system outages at 100 orders showcased Nykaa’s tenacity and dedication to improving its platform for a flawless client experience.

Nykaa has become a dominant force in the Indian beauty e-commerce market, but it is important to recognize that competition is always changing. Rivals like Ajio and Myntra are constantly launching new products, offering tempting promotions, and improving the general consumer experience. Nykaa faces a variety of obstacles as a result of its competitors’ constant evolution, necessitating constant innovation and tactical adjustment.

Every rival, including Nykaa, has established a distinct market niche for itself in the cosmetics industry by catering to a range of client demands and preferences. Although this diversity makes Nykaa’s problems more complex, it also fosters healthy competition that benefits customers. The competition creates a market with lots of options, affordable prices, and better services, which eventually improves the Indian consumer’s entire experience shopping for beauty products.

Nykaa – Funding and Investors

Nykaa has raised a total of $215.4 million in 15 rounds of funding.

Here are the funding details:

Date	Funding Round	Amount	Investors
Nov 22, 2022	Post-IPO Secondary	Rs 336 crore	Aditya Birla Sunlife Mutual Fund
Nov 10, 2022	Post-IPO Equity	–	Aberdeen Standard Investments
Nov 26, 2020	Secondary Market	—	Fidelity
Oct 16, 2020	Secondary Market	—	—
Jun 2, 2020	Series H	Rs 196 million	Sunil Kant Munjal
May 8, 2020	Series F	Rs 67 crore	Steadview Capital
Mar 31, 2020	Series F	Rs 100 crore	Steadview Capital
Dec 1, 2019	Secondary Market	$30 million	Steadview Capital
Apr 1, 2019	Series E	$14 million	TPG Growth
Sep 5, 2018	Secondary Market	Rs 113 crore	Lighthouse Funds

Nykaa – Shareholding

Nykaa’s shareholding pattern as of January 2025, sourced from Tracxn:

Nykaa Shareholding	Percentage
Other Investors	49.5%
Sanjay Nayar	22.2%
Falguni Nayar	21.9%
Indra Singh Banga and Harindarpal Singh Banga	6.4%
Total	100.0%

Nykaa – Investments

On April 22, 2022, Nykaa made a minority investment in Earth Rhythm, acquiring an 18.51% stake in the clean beauty and personal care brand for INR 41.65 crore. This investment evolved into a majority stake acquisition in November 2024, through a combination of primary and secondary transactions.

Nykaa – Acquisitions

Nykaa has acquired the following companies to date. Here are the details for the same:

Date	Company Name	Amount
Nov 27, 2024	Earth Rhythm	–
Aug 4, 2022	Little Black Book	–
Apr 22, 2022	Nudge Wellness	$471.71K
Apr 22, 2022	Kica	$590.94K
Oct 22, 2021	Dot & Key Wellness	–
Apr 12, 2021	Pipa Bella	–
Mar 22, 2019	20Dresses	–

On November 27, 2024, Nykaa acquired a majority stake in Earth Rhythm, following its earlier purchase of an 18.6% stake in 2022, bringing its total acquisitions to 7 companies.

Nykaa – IPO

Nykaa opened its IPO on October 28, 2021, and it was not just an IPO but a real test for an Indian eCommerce player. It attracted 82X subscriptions in 3 days. The bids that Nykaa shares attracted were worth around $32.53 billion.

Nykaa shares are listed at a premium of nearly 80%. On the BSE, the shares of Nykaa were listed at Rs 2,001, at a premium of 77.87% over its issue price of Rs 1,125. On the other hand, the scrip was listed at Rs 2,018 on the NSE at a premium of 79.38%. The Nykaa shares were open for subscription from October 28 to November 1, 2021.

Nykaa – Growth

Some of the growth milestones of Nykaa are:

It has 1900+ brands with 1.2 lakh+ products as of 2024.
Nykaa has occupied over 5 million square feet of warehouse space as of January 2024.
Nykaa had 9.87 million website visits in January 2024.
Nykaa claims to have $21 million users as of November 2023.
It has 187 physical stores across 68 cities as of 2024.
It has 37 fulfillment centers in 15 cities as of 2023.
It has 44 warehouses across India as of 2024.

Nykaa Financials

According to unaudited financial statements from the Bombay Stock Exchange (BSE), Nykaa’s revenue increased to INR 1,874.74 crore in Q2 FY25, compared to INR 1,507 crore in Q2 FY24. Its revenue from operations grew by 24.4% in the quarter ending September. Its profit also jumped by 66.3%, reaching double digits.

Nykaa has demonstrated consistent growth in revenue over the past five years, with expenses also rising in tandem. The company turned profitable in FY21 and remained so until FY24, though margins have varied.

Particulars	FY24	FY23	FY22	FY21	FY20
Revenue	INR 6,415.6 crore	INR 5,174 crore	INR 3,800.9 crore	INR 2,452.7 crore	INR 1,778.1 crore
Expenses	INR 6,346.5 crore	INR 5,135.6 crore	INR 3,753.6 crore	INR 2,386.5 crore	INR 1,792.6 crore
Profit/Loss for the year	INR 43.7 crore	INR 24.8 crore	INR 41.3 crore	INR 61.6 crore	INR -23.0 crore

In FY23, Nykaa had an operating revenue of INR 5,144 crore with expenses of INR 5,136 crore, leading to a small profit of INR 21 crore. In FY24, the company grew, with operating revenue reaching INR 6,386 crore and expenses at INR 6,346 crore, resulting in a profit of INR 40 crore.

Nykaa’s revenue grew by 24% from INR 5,174 crore in FY23 to INR 6,415.6 crore in FY24. Profit also increased from INR 24.8 crore to INR 43.7 crore.

Nykaa Revenue:

Nykaa’s core operating revenue increased significantly in FY24, maintaining growth momentum from FY23. Other income remained stable.

Revenue Type	FY24	FY23
Revenue from operations	INR 6,385.6 crore	INR 5,143.8 crore
Other income	INR 29.9 crore	INR 30.2 crore
Total Revenue	INR 6,415.6 crore	INR 5,174 crore

Revenue from operations grew from INR 5,143.8 Cr in FY23 to INR 6,385.6 Cr in FY24, showing a healthy rise of around 24%. Other income remained flat.

Nykaa Profit/Loss:

Despite rising costs, Nykaa managed to maintain profitability with improved net profit in FY24 compared to FY23.

Metric	FY24	FY23
Profit before tax	INR 69 crore	INR 38.4 crore
Tax expense	INR 25.3 crore	INR 13.6 crore
Net Profit/Loss	INR 43.7 crore	INR 24.8 crore

Net profit increased by 76% from INR 24.8 Cr in FY23 to INR 43.7 Cr in FY24.

Expenses

Expenses saw a proportional increase alongside revenue, with operational and employee-related costs contributing significantly. Nykaa’s total expenses rise from INR 5136 crore in FY23 to INR 6346 crore in FY24.

Expense Type	FY24	FY23
Cost of materials consumed	INR 65.1 crore	INR 159.4 crore
Purchases of stock-in-trade	INR 3,781.7 crore	INR 2,848 crore
Employee benefit expense	INR 564.9 crore	INR 491.7 crore
Other expenses	INR 1,828.2 crore	INR 1,530.4 crore
Total Expenses	INR 6,346.5 crore	INR 5,135.6 crore

Total expenses rose by nearly INR 1,211 Cr from FY23 to FY24, driven largely by increases in stock purchases and other operational costs.

EBITDA

Nykaa Financials	FY23	FY 24
EBITDA Margin	1%	1.6%
Expense/Rupee of ops revenue	Rs 1	Rs 0.99
ROCE	3%	5%

Quick Comparative Summary (FY24 vs FY23):

Revenue Growth: +24% YoY increase indicating strong sales performance.
Profit Growth: Net profit up 76% YoY, indicating improved margin management.
Expense Surge: Expenses also rose 23%, highlighting cost pressures despite efficiency gains.

Nykaa – Marketing Strategy

Nykaa has stood as one of the most competent players in the beauty and fashion space due to its robust marketing strategy, which is carved with digital marketing at its core. The brand not only focuses on marketing in Tier 1 cities but also pitches all the potential customers from Tier 2, 3, and 4 cities.

Nykaa has 4 social media accounts for the marketing of its in-house brand My Nykaa, Nykaa Beauty for the promotion of its e-commerce platform, Nykaa Fashion to promote its e-commerce apparel store, and Nykaa beauty book, which helps the audience with numerous beauty and makeup tips.

The company has its accounts on diverse social media platforms to extensively promote the brand on social media. The brand is also engaged in posting content created by its influencers via its social media handles. Therefore, influencer marketing plays an important part in the promotion of Nykaa.

YouTube Marketing

Nykaa has a full-fledged YouTube marketing strategy. The brand refrains from focusing on selling its products via its YouTube channel but concentrates more on offering consumable content, including beauty, personal care tips, makeup hacks, and much more, to its target audiences.

Furthermore, the brand also runs YouTube ads from time to time to target its customers. Thus, the YouTube marketing of Nykaa is fueled with quality content that keeps the audience engaged and relevant ads.

Content Marketing

Nykaa relies majorly on its content marketing. The D2C beauty and fashion marketplace offers a variety of consumable content to the audience, which helps them convert into its customers.

Nykaa has its blog, “Nykaa Beauty Book,” which the brand uses to publish blogs on beauty, makeup, and personal care. Furthermore, the brand is also engaged in creating video content like makeup tutorials, DIYs, and more.

Event Marketing

Event marketing is another important marketing strategy that Nykaa leverages to pitch the target customers at the right time and place.

Nykaa has successfully sponsored the popular Femina Miss India event, one of the largest beauty events in India on several occasions, and is still tied to the same event.

Besides, Nykaa also sponsors numerous college fests and events like the Red Brick Summit, 2019 IIM Ahmedabad, and the Mumbai college fest, Mood Indigo.

Nykaa – Advertisements and Social Media Campaigns

Nykaa Campaign

Nykaa’s campaign, which consists of four powerful films, skillfully evokes strong feelings in viewers. Scripted by creative powerhouse The Script Room and directed by acclaimed ad filmmaker Prasoon Pandey, the campaign opens with “Kya Khoob Lagte Ho.”

This ad skillfully weaves a tapestry of sincere emotions to depict the essence of relationships and daily living. The movies have a deep message: genuine praises have a special ability to soften hearts and for feelings to bloom. The campaign, which has its roots in authenticity, embraces the notion that, especially in the eyes of those closest to oneself, one’s true, unguarded self is frequently the most beautiful one.

Nykaa – Awards and Achievements

Nykaa won several awards and achievements. Some of the prominent ones are listed below:

Isidoro Alvarez Lifetime Achievement Medal (Spain, 2023): Falguni Nayar, the creator of Nykaa, was honored with the esteemed Isidoro Alvarez Lifetime Achievement Medal in Spain for her noteworthy contributions to the field.

Falguni Nayar was honored in the FMCG category of the 2023 DNA Women Achievers Awards, which is a testament to her extraordinary accomplishments as the creator of Nykaa Cosmetics.

Asia’s Best Integrated Report Category (Bronze Award) at the 2023 Asia Integrated Reporting Awards (AIRA): At the 8th Asia Integrated Reporting Awards (AIRA), Nykaa was recognized for its proficiency in integrated reporting with a bronze award in Asia’s Best Integrated Report category.

Nykaa – Competitors

The top Nykaa competitors are:

Purplle
Myntra
Tata Cliq

Nykaa – Future Plans

Nykaa, a prominent participant in the eCommerce industry, is proactively molding its future through the expansion of its multichannel reach, to flawlessly merge customers’ online and offline purchasing experiences. As part of its plan for the future, Nykaa is dedicated to improving its physical footprint even with the expenses that come with opening new locations. Nykaa plans to double its store count from 187 to 400 by 2027. The company expects its fashion vertical to grow by 2.5-3X over the next three years.

Nykaa’s commitment to fostering stronger client relationships and offering a variety of channels for customers to access its vast array of health, fashion, and beauty items is exemplified by this progressive approach. Setting lofty objectives, a substantial advancement in its brick-and-mortar expansion strategy the company hopes to build a strong future.

FAQs

Who is the founder of Nykaa?

Falguni Nayar is the founder of Nykaa.

When was Nykaa founded?

Nykaa was founded in 2012.

What is Nykaa?

Nykaa is India’s biggest lifestyle and fashion portal with a collection of cosmetics, skincare, haircare, fragrances, bath and body, personal care, and wellness products for both women and men.

How Nykaa started?

Nykaa was started in 2012 by Falguni Nayar, a former investment banker, with the aim of creating a beauty and wellness e-commerce platform in India. It began as an online store and later expanded into offline retail and private label products, becoming a leading beauty destination.

Who are the competitors of Nykaa?

Some of the prominent competitors of Nykaa are:

Purplle
Myntra
Tata Cliq

Is Nykaa Indian brand?

Yes, Nykaa is an Indian lifestyle retail brand of beauty, wellness, and fashion products with headquarters in Mumbai, Maharashtra, India.

How to sell on Nykaa?

Selling on Nykaa is easy. You just have to go to www.nykaa.com/sellonnykaa and then you need to go to fill up a form where you need to enter the Name of your company, Company Website, Pincode, Address, Product Categories, Brand Name, and other details, and then you would be ready to sell on Nykaa.

Who is Nykaa CEO?

Falguni Nayar is the Founder and CEO of Nykaa.

Where is the Nykaa headquarters?

Nykaa headquarters is in Mumbai, Maharashtra.

What is Nykaa tagline?

Nykaa tagline is Your Beauty, Our Passion.

What is Nykaa meaning?

The word Nykaa is derived from the Sanskrit word ‘Nayaka’, which means actress or someone in the spotlight. The name reflects the brand’s vision to empower individuals to feel confident and shine in their own unique way.

June 18, 2025

Nykaa Business Model: How Nykaa Wins the Beauty Game | How Does Nykaa Make Money

Are you aware of any lucrative eCommerce platforms from the last ten years? Technically, no. As they were either bought, as Walmart did with Flipkart, or they were categorized as Infibeam. However, none of them succeeded on their own. In the last decade, over 20 online stores have attempted their fortune in India, but none had succeeded until Nykaa, a retail label that sells cosmetics, wellness, and fashion items, entered the fray. This firm has developed so much that it extended from an internet label to an omnichannel approach in 2015, which has enabled Nykaa to become a market leader.

About Nykaa
How Was Nykaa Founded?
Nykaa Business Model
What Is Unique About Nykaa | USP Of Nykaa
How Does Nykaa Make Money | Nykaa Revenue Model

About Nykaa

Nykaa is an Indian eCommerce firm that offers cosmetics, wellness, and fashion items through its portals, apps, and over 100 physical locations in India. Falguni Nayar, a senior managing director at Kotak Mahindra Capital Firm, started it in 2012 as a billion-dollar firm. It offers items made in India and those made elsewhere in the world.

The firm transitioned from a web-based to an omnichannel business in 2015 and started selling things other than beauty products. It introduced Nykaa Pro in 2020, and Nykaa Fashion Limited began operating in Delhi in December 2020, with the goal of making its fashion company omnichannel. It also began selling over 2,000 labels and 200,000 items through its multiple networks. Several women who desire to begin their own eCommerce firms can draw ideas from this company.

How Was Nykaa Founded?

Nykaa’s triumph is encouraging to us since few people over 50 have the confidence to resign and create a business from the ground up, yet Falguni Nayar did just that and founded Nykaa. She grew up in Mumbai and earned a finance degree from IIM Ahmedabad. She accepted a strategy consulting role after her MBA and served in a fine position at Kotak Mahindra Bank. However, in 2012, she launched the “Nykaa” label.

She once visited a Sephora store in another country and was astounded by the diversity of beauty merchandise under one dome. There were also complimentary samples, makeovers, and a bunch of discourse about beauty going on around the store. It was a woman’s fantasy come true.

This level of beauty diversification, expertise, and impartial advice was not offered to Indian women. For them, purchasing makeup meant a trip to the local pharmacy or a cosmetics boutique with untrained employees. High-end products were usually accessible in malls and high-street retail stores, giving customers few options. Falguni spotted a chance. At the stroke of 50, she left her senior management post at Kotak Mahindra and started Nykaa.com. The rest, as they say, is history.

Nykaa’s in-house brands consist of:

Nykaa Subsidiary	Description
Nykaa Cosmetics & Naturals	In-house personal brand offering makeup, body care, and skincare products
Nykaa Fashion	Provides apparel, bags, accessories, and more
Nykaa Man	Offers men’s skincare, haircare, and grooming products
Nykaa Pro	Grants beauty and makeup professionals access to multiple brands
Nykaa Network	An interactive beauty forum for users to engage and share beauty tips, tricks, and recommendations

Nykaa Business Model

Let’s explore Nykaa business model and the key factors that have contributed to its success.

Its inventory-driven business model for the BPC (Beauty and Personal Care) category is one of its key benefits. While it faces the risk of expiration and incurs inventory costs, it enables the firm to provide identification for all its items and ensures availability and prompt delivery. Its solution enables fungible stock across traditional and digital channels, making stock management easier.

Online BPC buyers are concerned about the increasing availability of counterfeit goods. As a result, a guarantee of legitimacy provides buyers with peace of mind.

Omni-Channel Strategy

Nykaa has a strong omnichannel marketing strategy that includes various touchpoints to engage with customers. This includes email marketing, social media marketing, influencer marketing, and offline events. By leveraging these various touchpoints, Nykaa has been able to reach a wider audience and create a strong brand presence.

It also has a geographic footprint in over 45 cities. It aims to expand its physical storefronts.

The function of retail stores is twofold:

They give customers the opportunity to try out things before making a decision.
They build a more resilient distribution network that will allow for potential hyperlocal delivery.

Shops also provide face-to-face encounters with experts and, in the case of some multinational premium brands, play a key role in personal branding.

Affiliate Program and Content-First Strategy

Nykaa is capable of promoting broad brand and influencer-led learning through innovative and engaging content across video and textual forms, thanks to a team of over 3000 influencers and 12.6 million fans across prominent social media sites. The Nykaa army generates and shoots the bulk of Nykaa’s material in-house.

Furthermore, the Nykaa Affiliate programme uses influencers on a wide scale, allowing external creators to create material on their part across multiple digital channels. The support of well-known influencers adds to the platform’s credibility.

Focus on Beauty and Wellness

The business model of Nykaa is focused exclusively on the beauty and wellness industry. By narrowing its focus to a specific niche, it has been able to establish itself as a specialist in this area. This has helped Nykaa create a unique brand identity and gain the trust of its customers.

Exclusive Product Range

Nykaa has a range of exclusive products that are not available on any other e-commerce platform. This has helped Nykaa create a unique selling proposition and differentiate itself from its competitors. The exclusive product range includes its own in-house brand, Nykaa Cosmetics, as well as other exclusive beauty and wellness products.

Tech-Enabled Operations

Nykaa has a strong focus on technology, which has helped it to optimize its operations and enhance the customer experience. Nykaa has invested in various technologies, including artificial intelligence and machine learning, to personalize the customer experience and offer customized recommendations.

What Is Unique About Nykaa | USP Of Nykaa

Nykaa’s BPC offering is extensive, with about 200K stock-keeping units (SKU) spread across a range of nearly 2500 worldwide, local, premium, and niche brands. It also sells things under its own label.

The consumer experience starts with a one-of-a-kind approach to product research that includes handpicked pieces and keyword or aesthetic look searches. Buyers may then search for merchandise using ratings, testimonials, how-to videos, and influential material, and interact with product specialists. This enables an immersive element, with the quality of the suggestions constantly increasing based on each client’s unique retail habits.

Tech Supremacy

It’s constantly improving its digital platform, not just to meet today’s difficulties but also to ensure future flexibility. The company’s data crew can use large volumes of data to offer dynamic, hyper-personalized customer experiences throughout their platform trips.

A Step Into the Glamour

Nykaa Fashion, a selected and supervised Taobao, started in 2018. It houses 1350 labels and over 1.8 million SKUs with fashion items across 4 customer segments: women, men, juniors, and home merchandising, which covers clothing, accessories, jewelry, and housewares. It selects designer labels and evaluates them for design and content. It has a customer base of less than 2% in the online fashion business, which is projected to be valued at INR 439 billion.

How did Nykaa BEAT Amazon & Flipkart in e-Commerce War?

How Does Nykaa Make Money | Nykaa Revenue Model

Nykaa holds items bought directly from manufacturers in its warehouses, where they are supplied whenever there are online or offline purchases. Buying straight from the manufacturers results in larger profit margins and increased market rivalry. It serves as an overarching brand for its health and cosmetics goods, which are sold through its stores and online. It also guarantees delivery within 1-4 days of the order being placed.

Nykaa’s revenue model encompasses a diverse range of strategies, including product sales, B2B sales, advertising and promotions, influencer marketing, and premium product offerings. By capitalizing on these revenue streams, Nykaa has cemented its position as a key player in the Indian eCommerce industry.

Nykaa Financials	FY23	FY24
Operating Revenue	INR 5144 crore	INR 6386 crore
Total Expenses	INR 5136 crore	INR 6346 crore
Profit/Loss	Profit of INR 21 crore	Profit of INR 40 crore

Conclusion

Nykaa has become a prominent player in India’s e-commerce industry with its unique business model that focuses on providing high-quality beauty and wellness products, excellent customer service, and innovative marketing strategies. The company’s strong online and offline presence, personalized customer experience, and diverse product range have enabled it to differentiate itself from its competitors and establish itself as a leader in the Indian beauty and wellness market.

Moreover, Nykaa’s success is not just limited to its business model, but also in its commitment to customer satisfaction, employee engagement, and corporate social responsibility. The company’s initiatives to empower women entrepreneurs and promote gender equality in the workplace have been widely recognized and lauded.

FAQs

What is Nykaa?

Nykaa is an Indian beauty and wellness e-commerce platform offering cosmetics, skincare, and personal care products online and in stores.

What is the revenue model of Nykaa?

Nykaa is an eCommerce company that sells its products and products of its partnered brands through its online and offline stores.

What does Nykaa do?

Nykaa, headquartered in Mumbai, is a prominent Indian eCommerce company specializing in beauty, wellness, and fashion products. It distributes its diverse range of offerings through its website, mobile app, and an extensive network of over 100 physical stores across the country.

What type of business model is Nykaa?

Business model of Nykaa is an inventory-based model. The company purchases the products directly from the manufacturer and stores them in its warehouse.

What is unique about Nykaa’s business model?

Nykaa’s business model is unique in that it focuses on providing high-quality beauty and wellness products, excellent customer service, and innovative marketing strategies. The company has also diversified its product range and services through strategic acquisitions, allowing it to offer a more comprehensive beauty and fashion experience to its customers.

Who is the CEO of Nykaa?

Falguni Nayar is the current CEO of Nykaa.

Does Nykaa manufacture its own products?

Yes, Nykaa makes its own beauty products under in-house brands but uses third-party manufacturers.

How has Nykaa differentiated itself from its competitors?

Nykaa has differentiated itself from its competitors through its focus on providing high-quality products, excellent customer service, and innovative marketing strategies.

Who are Nykaa competitors?

Nykaa’s competitors include Purplle, Sephora India, Myntra, Amazon, Flipkart, Tata CLiQ, Tira (Reliance Retail), SUGAR Cosmetics, Mamaearth, and Plum.

What is USP of Nykaa?

Nykaa’s USP is its focus on beauty and wellness, exclusive product range, strong influencer network, and tech-driven personalized shopping experience.

Is Nykaa a marketplace?

Yes, Nykaa is a marketplace for beauty and personal care category.

May 2, 2025

The Non-convertible Debentures Will Help Falguni Nayar’s Nykaa to Raise INR 125 Crore

Using non-convertible debentures (NCDs), beauty and personal care eCommerce giant Nykaa is raising INR 125 crore, or around $15 million.

The business announced in a Monday regulatory filing that Nykaa E-Retail Limited, a 100% subsidiary of FSN E-Commerce Ventures Limited, had received approval from its board of directors to issue up to 12,500 NCDs, each with a face value of Rs 1 lakh.

An undisclosed international portfolio investor will receive these dematerialized debentures through a private placement.

Transformational Changes and Growth in the Company

In a recent announcement, Nykaa gave its approval for the sale of its western clothes and accessories business to FSN E-Commerce Ventures for a total of INR 133 crore. In addition, Nykaa Fashion has merged with Iluminar Media Limited, which is the media subsidiary of Nykaa and is responsible for operating the LBB platform.

Eventually, Nykaa Cosmetics will start selling and trading cosmetics and personal care items on a global scale.

In addition, Nykaa acquired Nykaa Fashion Limited’s western clothing and accessories division in May for INR 133.7 crore as part of its most recent business vertical restructuring.

Top Cosmetics Brands in India | Popular Cosmetics Brands

Cosmetic brands in India have seen great growth over the past years. Look at the top cosmetics brand in India which provides the best beauty products.

StartupTalkyMuskaan Kapoor

How Well Nykaa Is Doing Financially

At the end of the fiscal year 24 (FY24), Nykaa’s revenue from operations reached INR 6,386 crore, which is a 24.1% rise from INR 5,144 crore in FY23.

In addition, the company’s profit increased by 90.5%, going from INR 21 crore in the previous fiscal year to INR 40 crore in the current fiscal year, which is a significant increase.

Making Investments in Subsidiaries

In its annual report, Nykaa detailed its plans to expand its operations in the Gulf Cooperation Council (GCC) by investing INR 20 crores in FSN International. Additionally, the firm disclosed that it intends to make additional investments totaling $1.9 million through its foreign division, which is known as Nyssa Foreign.

By making these investments, Nykaa is implementing a more comprehensive strategy to strengthen its presence on the world stage and to diversify its sources of revenue.

Nykaa is a major platform for beauty and wellness products. It was established in 2012 by Falguni Nayar, and it has developed significantly since then. It has fourteen subsidiaries in addition to an associate company that goes by the name Earth Rhythm.

Nykaa has forecasted that its sales will increase by around 22-23% year-over-year during the first quarter of FY25. Additionally, the company’s Gross Merchandise Value (GMV) is anticipated to increase by around 20 percent on a year-over-year basis.

Nykaa Success Story | Business Model | Revenue Model

Nykaa is a lifestyle retail brand for fashion & wellness products. Know about Nykaa history, tagline, business model, revenue model, and more.

StartupTalkyAnik Banerjee

July 25, 2024

Banker to Self-Made Billionaire: Falguni Nayar’s Remarkable Journey

Today, if we require any cosmetic product at our doorstep that is assured of its quality and also comes with a discounted price, the first name that comes to our mind is Nykaa.

Thanks to Falguni Nayar, the visionary entrepreneur and the mastermind behind Nykaa, who made cosmetic shopping so convenient & reliable for customers.

Falguni Nayar is one of the most remarkable success stories in the beauty and cosmetics industry. With a career that transitioned from the world of finance to the realm of beauty, she proved that it’s never too late.

In this article, let’s go through Falguni Nayar’s journey from the boardroom to the beauty counter, which is an inspiring tale of perseverance and vision.

Falguni Nayar – Biography

Name	Falguni Nayar
Birthplace	Mumbai, India
Born	February 19, 1963
Nationality	Indian
Education	Master of Business Administration, Indian Institute of Ahmedabad
Position	Founder and CEO, Nykaa
Net worth	$2.6 billion
Spouse	Sanjay Nayar

Falguni Nayar – Early Life
Falguni Nayar – Career
Falguni Nayar – Personal Life
Falguni Nayar – Nykaa
Nykaa – IPO
Falguni’s Support for Women
Falguni Nayar – Awards and Recognitions

Falguni Nayar – Early Life

Falguni Nayar was born in a Gujarati family in Mumbai in 1963. Her father was a businessman and ran a small bearings company. Her mother assisted her father in their business.

Her early life laid the foundation for her remarkable journey as an entrepreneur. Born and raised in Mumbai, she went to Sydenham College of Commerce and Economics for her graduation between 1980-1983 and finished her Bachelor’s degree in Commerce (B.Com).

After completing her undergraduate studies, she continued to pursue excellence in the field of finance between 1983 and 1985 by enrolling in the Indian Institute of Management, Ahmedabad (IIM-A), one of India’s most renowned business schools.

At IIM-A, she obtained her Master of Business Administration (MBA) degree, further enhancing her analytical skills and business acumen.

This educational experience at IIM-A played a pivotal role in shaping her career path and equipping her with the knowledge and skills that would prove invaluable as she embarked on her entrepreneurial journey, years later, with Nykaa.

Nykaa Success Story | Business Model | Revenue Model

Nykaa is a lifestyle retail brand for fashion & wellness products. Know about Nykaa history, tagline, business model, revenue model, and more.

Anik BanerjeeStartupTalky

Falguni Nayar – Career

Post her graduation, she joined A.F. Ferguson & Co. where she worked as a manager for around eight years. In 1993, Nayar left her position at A. F. Ferguson & Co. and joined Kotak Mahindra Group. She started out as the mergers and acquisitions (M&A) team head at Kotak Mahindra before opening institutional equities operations in London and New York City.

In 2001, she came back to India. She was appointed the managing director of the investment banking division of Kotak Mahindra Capital and director of the institutional equity division of Kotak Securities in 2005.

In 2012, she left her position and started Nykaa, at the age of 50, with $2 million of her own funds. By 2021, Nykaa’s value had increased to $2.3 billion and by 2023 her net worth had risen to $2.6B.

Nayar is one of the two self-made female billionaires in India, along with Kiran Mazumdar-Shaw, founder of Biocon Limited.

While talking about her career, she says,

“I am not a person who has strong emotions. I see everything in terms of facts and figures. So, I was only concerned about work and targets. There has never been space for anything else in my career.”

Falguni Nayar – Personal Life

Falguni Nayar lives in Mumbai. She has been married to Sanjay Nayar since 1987, whom she met in the business school. The couple has two children, Adwaita Nayar and Anchit Nayar. Adwaita serves as the CEO of Nykaa Fashion & Anchit heads the retail and e-commerce divisions.

Strongly relying on facts and figures, Falguni is a big fan of numbers which play a major role in her way of working.

However, the numbers on social media don’t interest her much. She is not a very active person on social media. When asked the reason, she says in an interview,

“I don’t know. I think there is enough to gain on social media also. I am who I am and I can’t change myself. I think being active on social media has a huge amount of time and effort….”

Falguni Nayar – Nykaa

Falguni Nayar, while nearing her 50s, decided to quit her job & start Nykaa which means “one in the spotlight,”. She created Nykaa in 2012 intending to serve as a one-stop shop for all beauty and wellness requirements.

Since its launch, Nykaa has rapidly expanded to rank among India’s top online merchants of cosmetics, skincare, haircare, and personal care items.

Revenue of Nykaa from Financial Year 2018 to 2022

Along with offering products for sale, Nykaa’s website also contains virtual try-on options and beauty tutorials. Nykaa has also established a physical presence, with shops located in several cities across India. These shops give a variety of beauty services as well as the chance for customers to try products before buying them.

In October 2020, the company entered a new avenue launching Nykaa Man, India’s first multi-brand e-commerce store for men’s grooming. Further, the company expanded into fashion by launching Nykaa Design Studio, which was renamed Nykaa Fashion.

Nykaa – IPO

On November 10, 2021, Nykaa went public with a valuation of $13 billion. Nayar’s net worth increased to $6.5 billion shortly after Nykaa went public, making her the richest self-made woman in India and propelling her into the top 20 Indians by net worth.

From its beginnings to its global prominence, Nykaa stands as a testament to the ever-evolving landscape of cosmetics.

Falguni’s Support for Women

Falguni Nayar, being a self-made female billionaire, is someone who supports women and encourages them to be independent and committed to taking up responsibilities.

In an interview, she says,

“We hire a lot of women in our organization. I always encourage women to be committed to their work and take on more responsibility. Often, what is lacking in women is commitment. When I see them committed, I try to provide them much-needed support. In fact, our largest category — skincare — is handled by a woman,” she says.

Falguni Nayar – Awards and Recognitions

Here are some prominent awards and recognitions for Falguni:

Nayar was enlisted on the Forbes India Rich List in 2022 at position 44
She has received many accolades including the FICCI Ladies Organization (FLO) award for the top woman achiever in the field of banking and the Business Today Award
She was a Founding Member of the Asia Society in India
She is a member of several boards, including the Aviva Insurance Board, Dabur India, and also serves as an Independent Member of the Tata Motors Board

Meet Nykaa’s Falguni Nayar: Track Her Journey As An Entrepreneur At 49 To Billionaire At 58

FAQs

Who is Falguni Nayar?

Falguni Nayar is the founder and CEO of Nykaa, an Indian lifestyle retail brand of beauty, wellness, and fashion products.

What is the net worth of Falguni Nayar?

The net worth of Falguni Nayar is $2.6 billion (2023).

Who is the CEO of Nykaa Fashion?

Adwaita Nayar, daughter of Falguni Nayar is the CEO of Nykaa Fashion.

October 27, 2023

Top 50 Richest Indians | List of Billionaires in India
India is home to some insanely wealthy families and individuals well-known across the globe. India has the third largest group of rich people after the US and China. In 2022, the combined wealth of India’s 100 richest increased by $25 billion to touch $800 billion. StartupTalky has compiled an exhaustive list of the top richest people in India . Their net worth is based on the data from 2022 available on their respective Forbes profiles.
Gautam Shantilal Adani

Founder – Adani Group
Net Worth – $150 Billion
Industry – Diversified

Gautam Adani, Founder of Adani Group | Top Richest Indians

Gautam Adani is an Indian billionaire industrialist and stands in the first position on the list of the top richest Indians in 2022. He is the chairman and founder of the Adani Group. The Adani Group is an Ahmedabad-based conglomerate involved in port development and operations in India. He is also the president of the Adani Foundation which operates to nurture communities in four chosen areas—education, healthcare, sustainable livelihood, and rural infrastructure development.

The Adani Group was formed in 1988 and has business interests in the resources, logistics, energy, agriculture, defence, and aerospace sectors. Gautam Adani holds a 66% stake in Adani Ports & SEZ Limited, a 75% stake in Adani Enterprises, a 73% stake in Adani Power, and a 75% stake in Adani Transmission. He was ranked as the 4th most powerful person in India by India Today Magazine in 2017.

Gautam Adani was born on 24 June 1962 in a Bania family in Ahmedabad, Gujarat. He did his schooling at Seth CN Vidyalaya in Ahmedabad. He is a B.Com dropout from Gujarat University. The Adani group’s venture into Australia after a nine-year wait is expected to bring huge windfalls for the billionaire.

Mukesh Ambani

Chairman – Reliance Industries
Net Worth – $88 Billion
Industry – Diversified

Mukesh Ambani – Chairman and Managing Director of Reliance Industries | Top Richest Indians

Mukesh Ambani is an Indian billionaire businessman and stands in the second position on this list, as of 2022. He is the chairman and managing director of Reliance Industries Limited (RIL). Reliance Industries mainly deals in refining, petrochemicals, and activities in the oil and gas sector. Mukesh Ambani has diversified his reach in the Indian market through several ventures, racing ahead in his net worth and influence exerted over India’s developing economy. Reliance Retail—which offers foods, groceries, apparel, footwear, lifestyle, home improvement products, electronic goods, and farm implements—is one of his group’s recent offerings. The Ambani family is also the owner of Mumbai Indians, an IPL franchise. Mukesh Ambani also owns Reliance Jio Infocomm Ltd. which took the telecom sector in India by storm and toppled the monopoly of the oldest players in the domain.

He was ranked 13th on the list of the world’s richest people as of May 2019. He has a stake of approximately 50% in Reliance Industries. Ambani surpassed Jack Ma, founder and executive chairman of Alibaba Group, to become Asia’s richest person with a net worth of $44.3 billion in July 2018. Mukesh Ambani is known to make headlines every now and then for the right reasons—Saudi Arabia-based Aramco buying a 20% stake in RIL for a whopping $15 billion, and him completing a 100% acquisition of Hamleys through Reliance Brands, a subsidiary of Reliance Industries.

Mukesh Ambani’s Life, Biography, and History

Mukesh is the oldest son of Dhirubhai Ambani and has a younger brother, Anil Ambani, whose downhill journey to oblivion is known to all. Mukesh Ambani was born on 19 April 1957 in Aden, Yemen and brought up in Mumbai. He graduated in Chemical Engineering from the Institute of Chemical Technology. He is an MBA dropout from Stanford University. Mukesh is a fan of Bollywood movies and watches three movies a week. He quips, “You need some amount of escapism in life.”

Radhakishan Damani

Founder – DMart
Net Worth – $27.6 Billion
Industry – Retail, Investments

Radhakishan Damani, Founder of DMart | Top Richest Indians

Radhakishan Damani founded the DMart chain of supermarkets. His retail chain accounts for more than 90 stores across India and is the third biggest in the industry. He has the ownership of a 65.2% stake in Avenue Supermarts, the parent company of DMart. His investment company, Bright Star Investments, holds another 16% stake.

Radhakishan Damani is known as Mr. White for his simplistic way of life coupled with high thinking. He is also a stock investor, broker, and trader. Radhakishan is well-known for his acumen and shrewdness as an investor.

Damani was born in 1945 in a Marwari family in Bikaner, Rajasthan. He enrolled for a bachelor’s degree in commerce but dropped out after the first year.

Cyrus Poonawala

Chairman – Poonawalla Group
Net worth – $21.5 Billion
Industry – Healthcare

Cyrus Poonawalla, Chairman of Serum Institute of India | Top Richest Indians

Cyrus Poonawalla is a self-made Indian tycoon. He is the founder of the Poonawalla Group. Cyrus comes from a family that is deeply connected with horse breeding. However, his keen interest in the field of medicine led him to create one of the world’s largest vaccine manufacturing and biotech companies – Serum Institute of India.

Cyrus Poonawalla was awarded the Padma Shri for his work and contributions made in the field of medicine. He was also awarded the Life Time Achievement award by the then-Prime Minister Of India, Dr. Manmohan Singh. With a net worth of $8.3 billion, Cyrus Poonawala is the 170th richest person on earth.

Shiv Nadar

Founder – HCL
Net worth – $21.4 Billion
Industry – Software Services

Shiv Nadar, Founder of HCL | Top Richest Indians

Shiv Nadar is the Chairman Emeritus and founder of HCL and established the Shiv Nadar Foundation. He is a prominent industrialist and philanthropist. Nadar has committed more than $1 billion to philanthropy. He is ranked 5th in the Forbes list of richest persons in India (2022).

Nadar founded HCL in 1976. Nadar was honoured with the third highest civilian award, Padma Bhushan, by the Government of India in 2008. Madras university conferred upon Shiv Nadar an honorary doctorate degree in the year 2007. He was present in Forbes’ 48 Heroes of Philanthropy in the Asia Pacific in 2011.

Nadar was born on 14 July 1945 in Tamil Nadu. He currently lives in New Delhi. He pursued his degree in Electrical and Electronics Engineering from Coimbatore. Nadar is called “Magus” by his friends (meaning ‘wizard’ in Persian).

Savitri Jindal

Chairperson – O.P. Jindal Group
Net Worth – $16.4 Billion
Industry – Metals and Mining

Savitri Jindal, Chairperson of O.P. Jindal Group | Top Richest Indians

Savitri Jindal is the Chairperson Emeritus of the Jindal group that deals with steel, power, mining, and the oil and gas domains. The Jindal group is well-known in the manufacturing industry (every Indian knows about Jindal Steels). Savitri took over the company after the death of her husband OP Jindal in 2005 who founded the Jindal Group. After taking charge as the chairperson, the revenue of the company quadrupled.

Savitri Jindal is the richest woman in India. She was the world’s 453rd richest person in 2016. She is also the world’s seventh-richest mother. Savitri was a Minister in the Haryana Government and a member of the Haryana Vidhan Sabha from Hisar constituency.

She was born in Tinsukia, Assam and presently lives in Hisar, Haryana. She holds a diploma degree in Education. Her son Naveen is constantly in the limelight for his success as a businessman. She has nine children with Om Prakash Jindal.

Dilip Shanghvi

Founder – Sun Pharmaceuticals
Net Worth – $15.5 Billion
Industry – Healthcare

Dilip Sanghvi, Founder of Sun Pharma | Top Richest Indians

Dilip Sanghvi is the founder of Sun Pharmaceuticals which manufactures and sells pharmaceutical formulations and active pharmaceutical ingredients (APIs) primarily in India and the United States. He started the company in Vapi in 1982 with a capital of Rs. 10,000. Sun Pharma is the largest pharmaceutical company in India and the fifth largest in the world. Its drugs have always been in high demand with the major markets being India, the USA, and Japan.

Dilip Sanghvi was honoured with the Padma Shri in 2016. He is also a trustee of the Rhodes scholarship programme at Oxford University. He was appointed by the Indian government to the RBI’s 21-member central board committee.

Dilip Sanghvi was born on 1 October 1955, in Amreli, Gujarat. He pursued B.Com from the University of Calcutta. He did his schooling and graduated from J. J. Ajmera High School and Bhawanipur Education Society College respectively. Dilip Sanghvi is unanimously considered the richest businessman in the drug and pharma sector.

Hinduja Family

Ownership – Hinduja Group
Net Worth – $15.2 Billion
Industry – Diversified

Hinduja Family, Hinduja Group | Top Richest Indians

The Hinduja Group is one of the biggest Indian businesses with a strong international presence. Founded by Parmanand Deepchand Hinduja, the company is now run by his sons Shrichand, Gopichand, Prakash, and Ashok. Though the Hindujas are Indians, they have soaked in success while staying outside the country. The company headquarters is situated in London. This is also the reason behind the Hinduja Group featuring among the wealthiest companies in Britain.

Kumar Managalam Birla

Chairman – Aditya Birla Group
Net Worth – $15 Billion
Industry – Diversified

Kumar Birla, Chairman of Aditya Birla Group | Top Richest Indians

Kumar Birla is an Indian industrialist and the chairman of the Aditya Birla group. He is an educationist as well. Kumar Birla is the chancellor of the Birla Institute of Technology & Science (BITS). He is the chairman of IIT Delhi, IIM Ahmedabad, and the chairman of the Rhodes India Scholarship Committee for Oxford University. Kumar serves on the Asia Pacific Advisory Board of the London Business School and is an honorary fellow of the London Business School.

Kumar Mangalam Birla handed over the reins of the Birla Group at the age of 28 after the demise of his father in 1998. Under him, the company expanded from being valued at $3.33 billion in 1995 to $41 billion in 2015. He was felicitated with the “CEO of the Year” award by the International Advertising Association, and the Economic Times’ “Business Leader Award” in 2003 and 2013.

He was born on 14 June 1967 in Calcutta and brought up in Mumbai. He studied B.Com from the HR College of Commerce and Economics, has an MBA degree from the London Business School, and is a chartered accountant from the ICAI (India).

Bajaj Family

Ownership – Bajaj Group
Net worth – $14.6 Billion
Industry – Diversified

Bajaj Family Owners of Bajaj Group | Top Richest Indians

The Bajaj Group owns 40+ companies and the group’s flagship company—Bajaj Auto is ranked as the fourth largest two- and three-wheeler manufacturer in the world. The Bajaj Group is involved in industries such as home appliances, lighting, iron and steel, insurance, travel, and finance.

Bajaj Group was founded by a Rajasthani Marwari businessman, Jamnalal Bajaj, in 1926. Rahul Bajaj, the grandson of Jamnalal Bajaj, the late patriarch and former chairman, shared the family fortune with cousins. Following the passing of the patriarch in February 2022, Rajiv Bajaj, Rahul Bajaj’s older son, now leads Bajaj Auto, while Sanjiv Bajaj, Rahul Bajaj’s younger son, manages Bajaj Finserv—the family’s most significant asset.

Sanjiv Bajaj, Chairman and MD of Bajaj Finserv, leads the financial conglomerate within the Bajaj Group with 9M consolidated revenue of over Rs 58,447 crore ($7.14 billion)* and Rs 4,648 crore ($568 million)* profit after tax for FY2022-23. Under his leadership, Bajaj Finserv has emerged as a leading diversified financial services company in India, offering lending, insurance, and wealth advisory solutions.

Sanjiv Bajaj chairs Bajaj Finance, Maharashtra Scooters, Bajaj Finserv Asset Management, and Bajaj Housing Finance, among others. His contributions to the financial services sector have been widely recognized, including being honored as AIMA’s Transformational Business Leader 2023, among other prestigious honors.

Bajaj Finserv Success Story | Instant Loans | EMI | Business Model

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approved by the organization it is based on. Finance is a word which everybody has come through and will be going through for
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Sunil Mittal

Founder – Bharti Enterprises
Net Worth – $14.5 Billion
Industry – Telecom

Sunil Mittal, Founder of Bharti Enterprises | Top Richest Indians

Sunil Mittal is the founder of Bharti Enterprises, which has diversified interests in telecom, insurance, real estate, education, malls, hospitality, agriculture, and food. He was among the early birds who identified the potential in the mobile telecom business and came up with Airtel; Sunil dominated the telecom segment in India through Airtel until Mukesh Ambani stepped in with Jio. Bharti Airtel, a subsidiary of Bharti Enterprises, manages Airtel and is currently focusing on Asia and the African regions.

Sunil Mittal was awarded the Padma Bhushan in the year 2007. He was then elected as chairman of the International Chamber of Commerce in 2016. He is no stranger to laurels and recognition, having been the recipient of awards like Telecom Person Of The Year by Telecom Asia Awards, and Business Leader Of The Year by Economic Times to name a few.

Born on 23 October 1957 in Ludhiana, Punjab, he completed his education at Arya College and Punjab University. At the age of 18, he started his first business by borrowing Rs. 20000 from his father. His father was an MP from Ludhiana.

Uday Kotak

Founder – Kotak Mahindra Bank
Net Worth – $14.3 Billion
Industry – Finance and Investments

Uday Kotak, Founder, MD, and CEO of Kotak Mahindra Bank | Top Richest Indians

Uday Kotak is the founder, MD, and CEO of Kotak Mahindra Bank Ltd. Kotak Mahindra Bank. Anand Mahindra lent Rs. 1 lakh to Uday Kotak to start a financial services firm 30 years ago.

He was recognized as the “Most Powerful Person in The Financial World” by Forbes in May 2016. India Today magazine ranked him 8th in India’s most powerful person list of 2017. He was also the Ernst and Young World Entrepreneur of the Year in 2014.

Born on 15 March 1959 in Mumbai, Uday Kotak was brought up in an upper-middle-class Gujarati-Lohana joint family. He pursued his bachelor’s degree from Sydenham College of Commerce and Economics and holds an MBA degree from Jamnalal Bajaj Institute. He is a math wizard and topped his university in B.Com.

Shapoor Mistry and Family

Chairman – Shapoorji Pallonji Group
Net Worth – $14.2 Billion
Industry – Diversified

Shapoor Mistry, Chairman of Shapoorji Pallonji Group | Top Richest Indians

After the death of Pallonji Shapoorji Mistry and his younger son, Cyrus Mistry earlier in 2022, Shapoor Mistry (Pallonji Shapoorji’s elder son) now runs the Shapoorji Pallonji Group. He serves as the Chairman of the Shapoorji Pallonji Group. The family holds also holds an 18.4% stake in Tata Sons.

Shapoor Mistry, the patriarch’s older son and group Chairman, now oversees the family’s $14.2 billion fortune, which is primarily derived from a minority stake in the sprawling Tata conglomerate.

Godrej Family

Ownership – Godrej Group
Net Worth – $13.9 Billion
Industry – Diversified

Adi Godrej, Chairman Emeritus of Godrej Group | Top Richest Indians

The Godrej company has existed since 1897 and is present in almost every imaginable sector of the Indian economy. The company was founded by Pirojsha and Ardeshir Godrej. The empire is now run by their grandsons Adi, Nadir, and Jamshyd. Adi Burjorji is the head of the Godrej family and the chairman of the Godrej Group. He has been the chairman of the Indian School of Business since April 2011.

Ardeshir decided to make locks after seeing the crime rates in 1897. His brother joined him in his venture and the rest is history. Smita Godrej is a third-generation heir of the Godrej family. On a lighter note, almost every family in India still has a Godrej almirah that’s at least 20 years old!

Lakshmi Mittal

Chairman – ArcelorMittal
Net Worth – $13.8 Billion
Industry – Metals and Mining

Lakshmi Mittal, Founder and Chairman of ArcelorMittal | Top Richest Indians

Lakshmi Niwas Mittal is an Indian steel magnate, Founder, and Chairman of ArcelorMittal. He is the owner of Karrick Limited and the co-owner of Queens Park Rangers F.C. He is popularly known as the King of Steel. In 2007, he became the richest Asian in Europe. His empire has been subjected to a minor slowdown after the acquisition of an Italian company but Lakshmi Mittal continues to grow every day with his companies consistently reporting double-digit growth year in, and year out.

Lakshmi Niwas Mittal is on the board of directors of the European Aeronautic Defence and Space Company. He is a member of the independent board of directors at Goldman Sachs since 2008. He is also associated with several charities and firmly supports the development of Indian athletes.

Lakshmi Mittal was born on 15 June 1950 in Sadulpur, Rajasthan to a traditional Marwari family. He currently resides in London. He pursued his B.Com degree from St. Xavier’s College, Calcutta. Mittal is known for his lavish lifestyle and incredible success statement; the steel tycoon spent approximately $60 million on his daughter Vanisha Mittal’s nuptials. The spectacle features in Forbes’ top ten most outrageous billionaire weddings.

Madhukar Parekh

Chairman – Pidilite Industries
Net Worth – $12.6 Billion
Industry – Manufacturing

Madhukar Parekh, Chairman of Pidilite | Top RIchest Indians

Madhukar Balvantray Parekh is the chairman and executive director of Pidilite Industries, an organization dealing in adhesives and construction chemicals. Fevicol, Dr. Fixit, M-Seal, Fevikwik, and Fevistik are some of the big names in the Pidilite chain.

Parekh serves as the Chairman, executive director, and MD of Vinyl Chemicals India Limited. He is also an independent non-executive director of Excel Industries Limited. Under his leadership, the company won many prestigious awards such as the ‘Most Promising Company of the Year’ at CNBC, and the 11th India Business Leader Awards.

Madhukar was born in 1945 in Mumbai. He currently lives in Mumbai. Parekh is a Gold medalist holder from the Institute of Chemical Technology (ICT), a leading chemical technology research institute in India. His father Balvantray Kalyanji Parekh was the founder of Pidilite Industries. Balvantray was popularly known as ‘India’s Fevicol Man’.

Burman Family

Ownership – Dabur India
Net Worth – $9.6 Billion
Industry – Consumer Goods

Burman Family, Dabur | Top Richest Indians

The Burman family is responsible for giving us Indians Dabur Chyawanprash, a health product that graces the kitchen shelf of every other Indian. An Ayurvedic practitioner Dr. S.K. Burman started the business in the 1880s. His son then went on to set up a research and development facility and also began the mass production of medicines in 1884. Dabur Ltd. is presently handled by the fifth generation of the Burman household. However, Fresenius SE which is based out of Germany controls more than 73.3% of Dabur Pharma Ltd.

Azim Premji

Founder – Wipro
Net Worth – $9.3 Billion
Industry – Technology

Azim Premji – Founder of Wipro | Top Richest Indians

Azim Premji is referred to as the Czar of the Indian IT Industry. He is an Indian billionaire, business tycoon, investor, philanthropist, and the founder of India’s third-largest software company—Wipro Limited. Wipro Limited is an India-based IT, consulting, and business process services (BPO) company headquartered in Bengaluru, India. Azim Premji is also the richest person in Karnataka.

The Government of India honoured Azim Premji with Padma Bhushan in 2005 and awarded him the Padma Vibhushan, the second highest civilian award, in 2011 for his excellent work in the field of trade and commerce.

Premji was born on 24 July 1945 in Mumbai and currently resides in Bangalore. Premji pursued Electrical Engineering (equivalent to a Bachelor of Engineering) from Stanford University, USA. He took over his family’s cooking oil business after the death of his father in 1966. He is also the first Indian to sign up for The Giving Pledge, a campaign led by Bill Gates and Warren Buffett. The Giving Pledge focuses on encouraging the wealthiest individuals to give away most of their money to philanthropic causes.

Kushal Pal Singh

Former Chairman – DLF Ltd.
Net Worth – $8.8 Billion
Industry – Real Estate

Kushal Pal Singh, Chairman Emeritus of DLF | Top Richest Indians

Kushal Pal Singh is the former CEO and chairman of DLF Limited. DLF Ltd. (Delhi Land and Finance) is India’s largest commercial real estate developer. DLF Limited was founded by his father-in-law Chaudhary Raghvendra Singh.

Singh was honoured with Padma Bhushan Award on 26 January 2010 by the Government of India. He was recognized by Forbes magazine as the richest real estate baron and the eighth richest person in the world on 24 March 2008.

KP Singh was born on 15 November 1931 in Uttar Pradesh. He did Aeronautical Engineering in the UK and was also selected for the Indian Army by the British Officers Services Selection Board, UK. An Autobiography named ‘Whatever the Odds: The Incredible Story Behind DLF’ was launched in 2011.

Ashwin Dani

Non-Executive Director – Asian Paints Ltd.
Net worth – $8.4 Billion
Industry – Manufacturing

Ashwin Dani, Non-Executive Director of Asian Paints | Top Richest Indians

Ashwin Dani is a businessman and the non-executive Director of India’s largest paint company, Asian Paints Ltd. His full name is Ashwin Suryakant Dani. He won the Color Society Lifetime achievement award in the year 2012.

Ravi Jaipuria

Chairman – RJ Corp
Net worth – $8.1 Billion
Industry – Manufacturing

Ravi Jaipuria, Chairman of RJ Corp | Top Richest Indians

Ravi Jaipuria is an Indian billionaire businessman and Chairman of RJ Corp. Under RJ Corp, he manages Devyani International which operates many large beverage and fast food brands like KFC, Pizza Hut, and more.

Varun Beverages, the other listed company under RJ Corp, is the second-largest bottling partner for PepsiCo’s soft drink brands. Ravi is famously known as India’s cola king.

Kuldip Singh & Gurbachan Singh Dhingra

Owners – Berger Paints India
Net worth – $6.8 Billion
Industry – Manufacturing

Kuldip Singh (left) and Gurbachan Singh Dhingra, Berger Paints | Top Richest Indians

The brothers control India’s second-largest paint maker company, Berger Paints. Kuldip Singh and Gurbachan Singh bought Berger from Vijay Mallya. Kuldip Singh serves as the Chairman and Gurbachan Singh Dhingra serves as the Vice Chairman of Berger Paints India.

Vikram Lal

Founder – Eicher Motors
Net Worth – $6.6 Billion
Industry – Automotive

Vikram Lal, Founder and Former CEO of Eicher Motors | Top Richest Indians

Vikram Lal is the founder and former CEO of Eicher Motors which manufactures motorcycles and commercial vehicles. He is also the president of Common Cause, a public interest NGO pursuing major issues relating to reform, governance, and the enforcement of the law.

Eicher Motors is the parent company of Royal Enfield, a manufacturer of middleweight motorcycles. Eicher Motors holds a majority stake of 60% in Royal Enfield. His son Siddharth Lal is the current CEO of Eicher Motors and Royal Enfield.

Lal was born in 1942 in Delhi and presently lives in Delhi. He pursued his Bachelor’s in Mechanical Engineering from Technical University Darmstadt in West Germany. He is also on the board of directors of ‘The Doon School’. His NGO, Goodearth Education Foundation (GEF), has been working with state governments and other NGOs in primary education for more than 10 years.

Mahendra Choksi

Company – Asian Paints
Net worth – $6.5 Billion
Industry – Manufacturing

Mahendra Choksi is the son of one of the four co-founders of Asian Paints. Family patriarch Ashwin Choksi, under whom the fortune was previously listed, died in September 2018. Mahendra is the late Ashwin Choksi’s brother. Mahendra’s son, Manish, is the company’s non-executive vice chairman.

Murali Divi

Founder – Divi’s Laboratories
Net Worth – $6.45 Billion
Industry – Healthcare

Murali Divi, Founder of Divi’s Laboratories | Top Riches Indians

Murali Divi is a U.S.-trained scientist who founded generics maker Divi’s Laboratories 30 years ago as a drug research firm. Today, Divi’s Laboratories is among the world’s top suppliers of active pharmaceutical ingredients. The company’s revenue is estimated to be $1.2 billion in 2022.

Sudhir & Samir Mehta

Owners – Torrent Pharma
Net worth – $6.4 Billion
Industry – Healthcare

Sudhir and Samir Mehta, Torrent Pharma | Top Riches Indians

Sudhir Mehta and Samir Mehta changed the fortunes of a struggling Trinity laboratory by manifesting it into Torrent Pharma. Torrent has a solid presence in Russia, Brazil, and many other European countries. The Torrent group also tried its hands at generating electricity; today, Torrent Power has a 2,101 Mw generation capacity and distributes power to 2.76 million customers in parts of Gujarat.

Vinod & Anil Rai Gupta

Owners – Havells India
Net worth – $6.3 Billion
Industry – Manufacturing

Anil and Vinod Rai Gupta, Havells | Top Richest Indians

Havells was founded by Qimat Rai Gupta. Anil Rai is the son of Vinod Gupta (wife of the late Qimat Gupta). Together they own 60% of Havells India, their primary source of wealth. Havells makes everything—from electrical equipment and lighting products to washing machines and refrigerators. The company’s products are available in more than 60 countries in the world.

Hasmukh Chudgar

Founder – Intas Pharmaceuticals
Net worth – $6.2 Billion
Industry – Pharmaceuticals

Hasmukh Chudgar, Founder of Intas Pharmaceuticals | Top Richest Indians

With a net worth of $6.3 billion, Chudgar is placed at 28th position on the list of India’s richest persons. Hasmukh Chudgar founded the generics maker Intas Pharmaceuticals in 1977. Intas bought the Irish and UK assets of Israeli firm Teva Pharmaceuticals for $764 million in October 2016.

Benu Gopal Bangur

Chairman – Shree Cement
Net Worth – $6 Billion
Industry – Manufacturing

Benu Gopal Bangur, Chairman of Shree Cement | Top Richest Indians

The Bangur business empire came into existence in the year 1979. Gopal Bangur is the owner of Shree Cement, the leading cement producer in India. He is also the Chairman of the board of NBI Industrial Finance Co. Ltd. and the director of Khemka Properties Pvt. Ltd. Gopal is ranked 29th on the list of richest people in India by Forbes.

Benu Bangur holds a 65% stake in Shree Cement. Shree Ultra Ordinary Portland Cement, Shree Ultra Jung Rodhak, Bangur Cement, and Tuff Cemento 3556 are the crown jewels of Shree Cement.

Bangur was born in 1931 in Kolkata to a Marwari business family. He is a widow with two children and currently resides in Kolkata. Benu has a Bachelor’s degree in Commerce from Calcutta University. He runs a Sanskrit school to promote Indian heritage and culture.

Rekha Jhunjhunwala

Company- Rare Enterprises
Net Worth – $5.9 Billion
Industry – Finance and Investments

Rekha Jhunjhunwala | Top Richest Indians

After Rakesh Jhunjhunwala’s (popularly referred to as the Indian Warren Buffet and the Big Bull of the Indian Share Market) death in August 2022, his wife, Rekha Jhunjhunwala replaced him on the list of India’s richest people. She inherited a valuable stock portfolio from her late husband and stands in the 30th position on Forbes India’s rich list. Their portfolio includes popular names like Titan, Star Health and Allied Insurance, Crisil, and more.

Murugappa Family

Company- Murugappa Group
Net Worth – $5.8 Billion
Industry – Diversified

M M Murugappan, Chairman of Murugappa Group | Top Richest Indians

The Murugappa family owns and manages the Murugappa Group, a conglomerate founded in 1900. The Group was founded by Dewan Bahadur A. M. Murugappa Chettiar. Murugappa Group is involved in diversified businesses like engineering, agriculture, financial services, and more. At present, M M Murugappan serves as the Chairman of the Group.

Harsh Mariwala

Chairman – Marico
Net worth – $5.7 Billion
Industry – Consumer Goods

Harsh Mariwala, Chairman of Marico | Top Richest Indians

Harsh Mariwala started Marico, the consumer goods company which deals in health and beauty products. Popular hair products like Set Wet, Livon, and Nihar are some of Marico’s offerings. Harsh Mariwala is also the founder of Kaya skincare Ltd. Mariwala’s net worth is $5.7 billion and he has been ranked as the 32nd wealthiest Indian by Forbes.

Vijay Chauhan

Chairman – Parle Products
Net worth – $5.5 Billion
Industry – Food and Beverage

Vijay Chauhan, Chairman of Parle Products | Top Richest Indians

Vijay Chauhan is the patriarch of the family that controls Parle Products. He serves as the chairman of the company. Parle Products Company was founded in 1929 by Mohanlal Chauhan. The company is famous for its most popular product, Parle G glucose biscuits. At present, he, along with Raj Chauhan and Sharad Chauhan, controls and manages the company.

Girdhari Lal Bawri, Rajendra Agarwal, & Banwari Lal Bawri

Founders – Macleods Pharmaceuticals
Net Worth – $5.45 Billion
Industry – Healthcare

Girdhari Lal (in picture), Rajendra Agarwal, and Banwari Lal Bawri, Macleods | Top Richest Indians

Girdhari Lal Bawri, Rajendra Agarwal, and Banwari Lal Bawri belong to a family that owned a pharmacy in Jaipur and made anti-TB medicines. The privately held company, Macleods Pharmaceutical, now produces generics for a range of diseases, including asthma, osteoporosis, and diabetes. Agarwal, the youngest sibling, is a qualified doctor and the company’s managing director. Older brothers Girdhari Lal and Banwari Lal are chairman and joint managing director respectively.

M.A. Yusuff Ali

Founder – LuLu Group International
Net worth – $5.4 Billion
Industry – Fashion and Retail

M.A. Yusuff Ali, Founder of LuLu Group International | Top Richest Indians

M.A. Yusuff Ali is the founder and MD of LuLu Group International. The Lulu Group owns various malls and hypermarkets all around the world. After completing his studies, Yusuff shifted to Abu Dhabi and joined his uncle in his business. He launched the first Lulu store in 1990 and hasn’t looked back since then. The business tycoon is aggressively expanding his chain of malls in India with states like Kerala being the entry point.

Vakil Family

Company – Asian Paints
Net worth – $5.2 Billion
Industry – Manufacturing

Nehal Vakil (in picture) Vakil Family, Asian Paints | Top Richest Indians

Abhay Vakil, the son of Arvind Vakil (one of the co-founders of Asian Paints), was an Indian billionaire businessman and a non-executive director of Asian Paints Ltd. Brothers Abhay and Amar Vakil passed away in the year 2021, and now the third generation of the Vakil family runs Asian Paints. Nehal Vakil, Abhay Vakil’s daughter, became a non-executive director of the company after her father’s demise.

The Vakil Family stands at the 36th position on the Forbes list of the richest Indians in 2022.

Mangal Prabhat Lodha

Founder – Macrotech Developers
Net worth – $5.1 Billion
Industry – Real Estate

Mangal Prabhat Lodha, Founder of Macrotech Developers | Top Richest Indians

Mangal Prabhat Lodha is an Indian businessman and politician. He founded Lodha Group, now Macrotech Developers, a Mumbai-based real estate developer in 1980. He started the group by building middle-class homes in Mumbai’s suburbs.

He is the Minister of Ministry of Tourism, Ministry of Skill Development and Entrepreneurship, Maharashtra. He was also the president of the Bharatiya Janata Party’s Mumbai unit.

Kapil & Rahul Bhatia

Company – InterGlobe Enterprises
Net worth – $4.9 Billion
Industry – Service

Kapil and Rahul Bhatia (in picture), IndiGo Airlines | Top Richest Indians

Rahul Bhatia is the co-founder and non-executive director of IndiGo airlines. He is also the group managing director of InterGlobe Enterprises. It is a privately held firm which has vested interests in the airline, travel, and hotel segments. He won awards such as the Ernst & Young Entrepreneur of the Year Award and the Economic Times Entrepreneur of the Year award. Kapil Bhatia is Rahul Bhatia’s father and the joint owner of InterGlobe Aviation. The father-son duo’s net worth is $4.9 billion, as of 2022.

Pavan and Vivek Jain

Company – INOX Group/ INOXGFL Group
Net worth – $4.55 Billion
Industry – Manufacturing

Pavan and Vivek Jain, INOX | Top Richest Indians

In 2021, Devendra Jain divided the family’s assets in Inox Group between his two sons, Pavan and Vivek Jain. Pavan is the elder son and serves as the Chairman of the Inox Group, which includes medical gas maker Inox Air Products and movie theatre chain Inox Leisure Ltd. Vivek on the other hand is chairman of the InoxGFL group which includes chemical maker Gujarat Fluorochemicals; Inox Wind and wind farm maintenance company Inox Green Energy Services.

Singh Family

Company – Alkem Laboratories
Net worth – $4.5 Billion
Industry – Healthcare

Singh Family, Alkem Laboratories | Top Richest Indians

The Singh family inherited a majority stake in Alkem Laboratories after its founder Samprada Singh passed away in July 2019. Alkem Laboratories is one of the top generics companies in India with more than 20 factories across India and the US. At present, Basudeo Narain Singh, Singh’s cousin is the Executive Chairman of the company.

N.R. Narayana Murthy

Company – Infosys
Net worth – $4.3 Billion
Industry – Technology

N.R. Narayana Murthy, Infosys | Top Richest Indians

N.R. Narayana Murthy is one of the founders and chairman emeritus of the Indian multinational information technology company, Infosys. He served as the CEO, Chairman, President, and chief mentor of the company before his retirement. Time magazine and CNBC have described Murthy as the “father of the Indian IT sector” for his great contribution to outsourcing in India.

He has also been honoured with the Padma Vibhushan and Padma Shri, the prominent civilian awards of the Republic of India.

Ramesh Juneja

Company – Mankind Pharma
Net worth – $4.2 Billion
Industry – Healthcare

Ramesh Juneja, Chairman of Mankind Pharma | Top Richest Indians

Ramesh Juneja co-founded Mankind Pharma, one of the leading pharmaceutical companies in India, with his brother Rajeev Juneja in 1995. He is currently the Chairman of Mankind Pharma. Ramesh Juneja has held different positions in many pharmaceutical companies in India, like KeePharma Ltd., Lupin, etc.

He is now one of the richest Indians, ranking 42nd on the Forbes List of the Top 100 Richest Indians, 2022.

P.P. Reddy

Chairman – Megha Engineering & Infrastructure
Net worth – $4.1 Billion
Industry – Engineering and Infrastructure

P.P. Reddy, Chairman of Megha Engineering & Infrastructure | Top Richest Indians

Megha Engineering & Infrastructure was founded in 1989 by P.P. Reddy, a farmer’s son, to make small pipes for the municipality. P.P. Reddy later expanded his business to build infrastructure projects. His nephew, P.V. Krishna Reddy, who joined P.P. Reddy in 1991, runs the company.

Falguni Nayar

Founder – Nykaa
Net worth – $4.08 Billion
Industry – Beauty and Lifestyle

Falguni Nayar, Founder and CEO of Nykaa | Top Richest Indians

Falguni Nayar is an Indian businesswoman who is famously known as the founder and CEO of Nykaa, the leading beauty and lifestyle retail company in India. Nayar founded Nykaa in 2012 with $2 million of her own money, and by 2020, it had become India’s first unicorn startup led by a woman. Nykaa opened its IPO in October 2021, which made Nayar the first Indian woman to lead the public listing of a startup.

Falguni has a net worth of $4.08 billion (2022) and is one of the two self-made female Indian billionaires, the other being Kiran Mazumdar Shaw.

Muthoot Family

Company – Muthoot Finance
Net Worth – $4.05 Billion
Industry – Financial Services

Muthoot Family | Top Richest Indians

Muthoot Group was founded in 1887. India’s leading lender against gold, Muthoot Finance, is managed and controlled by the Muthoot family. Shri George Jacob Muthoot is the current group chairman of the Muthoot Group of companies.

Chandru Raheja

Company – Mindspace Business Parks REIT (backed by K Raheja Corp.)
Net Worth – $4 Billion
Industry – Real Estate

Chandru Raheja, Chairman of K Raheja Corp. | Top Richest Indians

Chandru Raheja is an Indian billionaire businessman and the chairman of K Raheja Corp. He formed K Raheja Corp. in 1996, which is involved in the development of IT parks, hotels, and malls, as well as the operation of department store chains such as Shoppers Stop. The company’s important projects include JW Marriott in Mumbai, Inorbit Mall, Mindspace, etc.

Yusuf Hamied

Non-Executive Chairman – Cipla
Net worth – $3.9 Billion
Industry – Pharmaceuticals

Yusuf Hamied, Non-Executive Chairman of Cipla | Top Richest Indians

Cipla was founded in 1935 by Yusuf’s father Khwaja Abdul Hamied, who passed away in 1972. Yusuf Hamied and his brother then took over the family business. In 2020, Cipla launched a range of drugs to treat Covid-19, including a generic version of Remdesivir manufactured under a license from Gilead Sciences.

Sridhar Vembu and Siblings

Company – Zoho Corporation
Net worth – $3.8 Billion
Industry – Technology

Sridhar Vembu (in picture) and Siblings, Zoho Corporation | Top Richest Indians

Sridhar Vembu is the founder and CEO of Zoho Corporation, a technology company that makes computer software and web-based business tools. Sridhar owns a majority stake in Zoho with his siblings.

Vembu was awarded the Padma Shri, the fourth-highest civilian award of the Republic of India, in 2021.

Pankaj Patel

Chairman – Zydus Lifesciences
Net worth – $3.77 Billion
Industry – Pharmaceuticals

Pankaj Patel, Chairman of Zydus Lifesciences | Top Richest Indians

With the title of “Best Pharma Man of the Year 2003” under his belt, Pankaj Patel undoubtedly deserves the respect he gets. Pankaj is popularly known as a “pharma magnate.” He is the current chairman of Zydus Lifesciences Limited, the leading pharmaceutical company in India. He is also the founder and chairman of Zydus Hospitals.

Ravi Modi

Company – Vedant Fashions
Net worth – $3.75 Billion
Industry – Fashion and Retail

Ravi Modi, Founder of Vedant Fashions | Top Richest Indians

Ravi Modi founded Vedant Fashions, a manufacturer of Indian ethnic wear, in 2002, and the company went public in 2022. He serves as the Chairman and Managing Director of the company. The company’s flagship brand, Manyavar, is famous all over India and is the category leader in the branded Indian wedding and celebration wear market.

Top 25 Richest People in Dubai

Dubai is a residence of many millionaires and billionaires and is one of the most expensive cities. so, lets look at Top 25 Richest People in Dubai.

StartupTalkyPratyusha Srivastava

FAQs

Who are the top 10 richest Indians in 2022?

The top 10 richest Indians in 2022 are:
1. Gautam Shantilal Adani
2. Mukesh Ambani
3. Radhakishan Damani
4. Cyrus Poonawala
5. Shiv Nadar
6. Savitri Jindal
7. Dilip Shanghvi
8. Hinduja Family
9. Kumar Managalam Birla
10. Bajaj Family
Who is the richest person in the world in 2022?

Elon Musk is the richest person in 2022 with a net worth of $191.2 Billion.

Who is the richest woman in India in 2022?

Savitri Jindal is the richest woman in India in 2022 with a net worth of $16.4 billion.

Who is the richest Indian billionaire?

Gautam Adani is the richest man in India with a net worth of $150 billion as of 2022.
December 1, 2022
Women-Led Indian Startups That Turned Unicorns
In this fast-paced world, where the speed of women is always compared with that of men, long gone has the time when women lagged. The exponential growth of women in all possible areas of interest has proven how unstoppable feminine energy has become. One of the many fields where women are leaving a significant mark is the startup industry. With every passing year, there is a notable amount of growth in the unicorns led by women. The entrepreneurial venture is welcomed more warmly than ever with every passing quarter.
Women-led Indian Startups

Priyanka Gill – MyGlamm (The Good Glamm group)

MyGlamm’s Valuation: $1.2+ Billion
Year Founded: 2014
Unicorn Status: 2021

MyGlamm – Women-Led Startups That Turned Unicorns

Founder and CEO of POPxo, Priyanka Gill is now a successful entrepreneur, journalist, and angel investor. She started her journey by starting a digital community platform for women- POPxo. It was started in 2014 to engage millennial women with content related to Personal care, beauty, and Fashion. In no time POPxo emerged as the largest digital platform with roaring popularity. Later in 2021, Gill joined Darpan Sanghvi (MyGlamm) and Naiyya Saggi (BabyChakra) to establish “The Good Glamm Group” to form a house of brands. They further strengthen each other’s position in the beauty and personal care market to rule the Digital FMCG industry.

Naiyya Saggi – BabyChakra, MyGlamm (The Good Glamm Group)

The Good Glamm Group Valuation: $1.2+ Billion

Year Founded: 2021
Unicorn Status: 2021

Naiyya Saggi – Founder, The Good Glamm Group – Women-led Unicorn Startups of India

Also known as the founder of BabyChakra, who is also the Co-founder and the President of MyGlamm, and the Co-founder of The Good Glamm Group along with Priyanka Gill, Naiyya Saggi is counted as one of the most successful young woman entrepreneurs in India. She completed her MBA from Harvard Business School, where she was a Fulbright and J.N.Tata scholar, after obtaining a BALLB (Hons). Saggi served as a Business Analyst at McKinsey & Company, and eventually, after completing her MBA, she founded BabyChakra, then became the Co-founder and President at MyGlamm, and eventually became the Co-Founder of The Good Glamm Group, when Darpan Sanghvi, Priyanka Gill, and Naiyya Saggi from came together to establish The Good Glamm Group in September 2021.

Falguni Nayar – Nykaa

Nykaa’s Valuation: $12.86+ Billion
Year Founded: 2012
Unicorn Status: 2020

Nykaa’s name stands with one of the very few female-led profitable unicorns. Falguni Nayar, an IIM Ahemdabad alumni quit her job at the age of 49 in 2012 to finally set a rolling pin for her entrepreneurial journey that was sitting in her head for a long time. Nykaa gained instant popularity among Indian women due to its wide range of beauty segments. The Falguni Nayar-led company turned unicorn in 2020 and is hailed as the first women-led unicorn startup in India. After the Nykaa IPO, which was oversubscribed 81.78 times, the company managed to catapult its valuation to more than $12 bn, and Falguni Nayyar, who owns more than 53% stakes in the company, turned to be the richest self-made female Indian billionaire.

Top 35 Successful Women Entrepreneurs In India [2022 Updated List]

Women entrepreneurship is growing at a fast pace in Idnia. so we have listed some of the most successful women entrepreneurs in India.

StartupTalkyAshwini

Upasana Taku – MobiKwik

MobiKwik Valuation: $1+ Billion

Year Founded: 2009
Unicorn Status: 2021

Upasana Taku – Founder of MobiKwik

Upasana Taku is the founder of MobiKwik, one of the most prominent Indian payment service providers that offer mobile phone-based payment systems and digital wallet services. Bipin Preet Singh and his wife, Upasana Taku, founded MobiKwik in 2009, the valuation of which reached $1 bn in October 2021.

Upasana Taku is a Stanford University graduate who completed her MS in Management Science and Engineering from the same university. Starting as a Business Analyst, Product Management at HSBC, Upasana founded MobiKwik, where she is still serving the role of the Chairperson, Cofounder and COO. Taku was also the Senior Product Manager at PayPal, Consultant at multiple companies and the Co-founder of ZaakPay.

Divya Gokulnath – Byju’s

Byju’s Valuation: $18+ Billion
Year Founded: 2011
Unicorn Status: 2018

Divya Gokulnath, a businesswoman and a teacher, happens to be the co-founder and the Director of Byju’s. Byju’s is an Indian educational technology (EdTech) online tutoring firm. It was founded in 2011 by the power duo – Byju Raveendran and Divya Gokulnath. Over the years the tutoring app has evolved and grown into one of India’s most valuable unicorns with a current valuation of $18 billion. Divya Gokulnath has played a key role right from the beginning by offering the expertise she had as a former teacher.

Ghazal Alagh – Mamaearth

Mamaearth’s Valuation: $1.2+ Billion
Year Founded: 2016
Unicorn Status: 2022

Founder of Mamaearth, Ghazal Alagh, and her story has caught the eyes of many Indians after starring as an investor in the reality show called shark tank. Her brand, “Mamaearth” offers a wide range of skincare, and beauty products and is very popular among Indian households. Mamaearth was founded by Ghazal and her husband Varun Alagh in the year 2016. Her goal is to make the beauty industry chemical toxicity free.

Rajoshi Ghosh – Hasura

Hasura’s Valuation: $1+ Billion
Year Founded: 2017
Unicorn Status: 2022

Rajoshi Ghosh happens to be a National University of Singapore and Stanford Ignite alumni. Hasura went from being a home-cooked food delivery company to a Software-as-a-service company. It was founded by Rajoshi Ghosh and Tanmai Gopal in the year 2017. In 2022, it entered the unicorn club soon after raising $100 million in series C funding.

Gazal Kalra – Rivigo

Rivigo’s Valuation: $1.07+ Billion
Year Founded: 2014
Unicorn Status: 2019

Gazal Kalra along with Deepak Garg visioned revolutionizing truck driving in India by establishing Rivigo Services. It was founded in 2014. It is a tech-enabled Cargo service offered in India. In the year 2019, the company turned into a unicorn. Gazal quit the company’s board in 2018. She is currently working on her new startup, which is in stealth mode.

Dr. Garima Sawhney – Pristyn Care

Pristyn Care’s Valuation: $1.4+ Billion
Year Founded: 2018
Unicorn Status: 2021

Dr. Garima Sawhney is a Gynecologist by profession. She, along with Harsimarbir Singh and Vaibhav Kapoor founded Pristyn Care in the year 2018. Pristyn Care focuses on availing surgeries and treatment with ease to the masses. The company has a widespread partnership with over 500 hospitals spreading out in the major cities of India. The healthcare-tech startup entered the $1 billion club when it raised around $100 mn in funds via its series E round in December 2021.

Sudha Murthy Success Story: Career, Early Life, Personal Life, Books, and Awards

Sudha Murthy is the chairperson of the Infosys Foundation and wife of N. R. Narayana Murthy. Lets look at the success story of Sudha Murthy.

StartupTalkyManav Makhija

Ruchi Kalra – Ofbusiness

Ofbusiness’ Valuation: $1+ Billion
Year Founded: 2016
Unicorn Status: 2022

39-year-old Ruchi Kalra has been into the startup game for quite a long time. Ofbusiness was founded by Ruchi and her husband Ashish Mahapatra in the year 2016. The company is one of the best raw materials supplying startups in India, which is known for offering a wide range of products at the lowest prices. Ofbusiness turned unicorn in July 2021 and is currently valued at $1.5 bn. The financial services arm of Ofbusiness, Oxyzo is also a unicorn that achieved the unicorn valuation in March 2022. Kalra recently made a statement that her company is all set for its Initial Public Offering.

Smita Deorah – LEAD

LEAD Valuation: $1.1+ Billion
Year Founded: 2012
Unicorn Status: 2022

Smita Deorah – Co-CEO and Co-Founder of LEAD

Smita Deorah is the Co-Founder & Co-CEO of LEAD. It was founded in 2012 by Sumeet Mehta and Smita Deorah. LEAD is a technology-based school Ed-tech company that focuses on transforming the education system in India, ensuring high-quality education for children. LEAD is also a unicorn, and now under the guidance of Smita Deorah, it is giving some of the major players like Unacademy, Byju’s, UpGrad, Vedantu, and Eruditus a cut-throat competition.

Ambiga Subramanian – Mu Sigma

Mu Sigma’s Valuation: $1.5+ Billion (2018)
Year Founded: 2004
Unicorn Status: 2016

Dhiraj Rajaram, Ambiga Subramanian’s ex-husband, launched Mu Sigma in 2004. After their divorce, Dhiraj took over as CEO, in addition to being the former CEO of a data analytics service provider with offices in Bangalore (Karnataka) and Illinois (Chicago). Ambiga is also India’s very first youngest rich woman who is self-made. With her devotion and expertise, she turned the company into a high-profit-making machine, establishing herself as one of the first self-made women to turn a company into a unicorn in no time. Mu Sigma has last been valued at $1.5 billion, in 2018. The former founder CEO, COO, Head of Innovation, and Head of Talent.

Conclusion

In the Indian startup ecosystem, women have broken the glass ceiling of prejudice and have proved themselves as able leaders, guiding their companies to unicorn valuations and letting them achieve many feats. It is crystal clear that over the recent years, this number kept growing several folds. From Ghazal Alagh’s “Mamaearth” to Priyanka Gill’s “The Good Glamm Group” and Falguni Nayyar’s “Nykaa”, the women entrepreneurs of India have left no stone unturned to bring the companies they’re leading to greater heights. Indian female entrepreneurs have surpassed the limits of age, qualification, and many other stereotypes and climbed the ladders of great opportunities fearlessly. According to surveys, with women leaders sitting at the top, the culture of the companies also has improved significantly over time.

FAQs

Who are the top female entrepreneurs in India?

A list of the Top Female Entrepreneurs in India are:
- Falguni Nayar
- Naiyya Saggi
- Priyanka Gill
- Ghazal Alagh
- Upasana Taku
- Kiran Mazumdar Shaw
- Vandana Luthra
- Indra Nooyi
- Vani Kola
- Radhika Ghai Aggarwal
- Supriya Paul
- Malini Agarwal
Which are the top startups led by women?

Top women-led startups that turned into unicorns are:
- MyGlamm (The Good Glamm group)
- Nykaa
- Byju’s
- MobiKwik
- Mamaearth
- MobiKwik
- Hasura
- Rivigo
- Pristyn Care
- Ofbusiness
- LEAD
- Mu Sigma
Who are the women who lead billion-dollar startups in India?

Some of the most prominent billion-dollar startups led by women in India are:
- Priyanka Gill – MyGlamm (The Good Glamm Group)
- Naiyya Saggi – The Good Glamm Group
- Falguni Nayar – Nykaa
- Upasana Taku – MobiKwik
- Divya Gokulnath – Byju’s
- Ghazal Alagh – Mamaearth
- Rajoshi Ghosh – Hasura
- Gazal Kalra – Rivigo
- Dr. Garima Sawhney – Pristyn Care
- Ruchi Kalra – Ofbusiness
- Smita Deorah – LEAD
- Ambiga Subramanian – Mu Sigma
How many unicorns does India have now?

India has over 100 unicorn startups, as of May 2022.

Which are the women-led highest-valued startups in India?

Nykaa is the highest valued startup in India led by Falguni Nayar with a valuation of $12.86 Billion.
May 16, 2022
Startups That Are Funded By Katrina Kaif

From the past few years, Bollywood stars have been trying to do different things to give their career a whole new direction. According to Nasscom report, India is now the third largest startup ecosystem in the world with more than 50 unicorns by 2021. Which is why in the recent years the number startups or ventures funded by well-known Bollywood celebrities have increased.

Bollywood celebs like Alia Bhatt, Suniel Shetty, Shilpa Shetty Kundra, Anushka Sharma, Madhuri Dixit Nene, Katrina Kaif, Deepika Padukone, Aishwarya Rai Bachchan and Sonu Sood have become investors or angel investors, while some have also started their own venture by becoming entrepreneurs.

This includes Katrina Kaif who is a British actress that predominantly works in Hindi Cinema. She is one of the highest paid actress in India and is known for her Box office hits like Namastey London, Zindegi Na Milegi Dobara, Bang Bang, Tiger Zinda Hai, Raajneti, etc.

Besides acting Katrina is also involved with her mother’s charity and participates in many stage shows. The actress has recently funded in the e-commerce startup Nykaa and has also started her own makeup brand known as Kay beauty.

Nykaa
Kay Beauty
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Nykaa

Nykaa is an Indian Online shopping site that sells cosmetics and skincare/beauty products. The company was founded by Falguni Nayar and is the number 1 online marketplace for beauty and wellness products in India. Nykaa has its headquarters in Mumbai, Maharashtra and was established in 2012.

The company also received an investment of Rs 100 crore from Steadview Capital in May, 2020 and has grown into a unicorn company with the help of many such investments.

Nykaa is currently present in over 70 stores in India including products from from luxury brands like Tom Ford, Jo Malone London, Dior and Givenchy among others.

The main competitors of Nykaa in India are companies like Amazon Fashion, Flipkart Fashion and Myntra. The website currently has over 5 million monthly active users and handles more than 1.5 million order per month. Nykaa is known to have huge portfolio of more than 1,500 brands with a range of 1.3 lakh products available on all its platforms like website, app and stores.

Katrina Kaif with Falguni Nayar, the founder of Nykaa

Nykaa also offers a wide variety of beauty and grooming products for men, the website also includes Nykaa Pro which caters to their customers with beauty needs and special offers. They also have their own in-house beauty products known as Nykaa beauty which makes cosmetics for lips, eyes, face and nails among other skin body care range. The company also raised Rs 100 Crore from TPG Growth which is an American private equity firm in April 2019.

Katrina Kaif launched her make up brand Kay Beauty in 2019 and went on to invest an undisclosed amount in Nykaa through a secondary transaction. When asked about why she choose to invest in Nykaa, the actress replied by saying that she was familiar with growth of the company’s equity and market leadership and so becoming an investor was a logical step to do.

She also added that Nykaa has opened new avenues for women to explore and celebrate their own unique idea of beauty. Falguni Nayar the CEO of Nykaa, also commented that she admires Katrina’s work ethic and understanding of beauty products.

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The Venture started by Katrina Kaif

Kay Beauty

Kay Beauty is an Indian Cosmetic Brand that was founded by Katrina Kaif, this beauty line is available on the Nykaa’s website and its retail stores. Nykaa currently has two types of store which are Nykaa On trend and Nykaa Luxe.

Kay beauty is divided three sections which are Kolor, Kover, Kare. The Kolor represents the color cosmetics with eyes, Lips and Nails, while Kover and Kare includes face products with nourishing ingredients. The brand has 48 different pieces of makeup products for eyes and lips just from Kolor Category.

#ItsKayToBeYou Campaign

These products are affordable and are priced at Rs. 249 to Rs. 799. Kay Beauty is India’s first celebrity brand. According to Katrina it has been a long journey and a lot of work for creating the brand the way she wanted it to be. The actress is involved in making decisions from the quality of the products to the textures of the company’s first campaign and photo shoot for the brand.

The Kay Beauty brand was created by Katrina because she is passionate about makeup, understood the art of makeup and gained knowledge about it through her experience of being a model and actor. Which is why the actress know exactly what to convey to consumers when it comes to Kay Beauty.

The company manufactures products that are said to be high-performance and long lasting while caring for ones skin at the same time. Commenting on her vision for the brand Katrina added that Kay beauty is not just another brand endorsement, but her own brand that truly represents who she is.

The Kay Beauty is good at marketing its products and has come up with many interesting hashtags such as the #MakeupThatKares and #ItsKayToBeYou, through which the brand talks about the gap that the brand fulfils by providing a makeup collection that has care ingredients to nourish the skin.

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Nykaa’s partnership with Kay Beauty

Kay beauty has also recently made a partnership with Nykaa, after which the company gave the Kay beauty team full freedom to create and market the brand.

Katrina partners with nykaa because Nykaa’s team has knowledge on creating unique formulations, educating the consumer and bringing the best beauty trends in the market. What Nykaa also has is a strong network of online distribution and stores all across India which will help the brand reach to top tier cities.

During the launch of Kay Beauty, Falguni Nayar, founder and CEO Nykaa added,

“The launch of Kay Beauty is a proud moment for Nykaa too because it is the country’s first celebrity beauty brand. I have always admired Katrina’s independent spirit and was also inspired by her vision to create this unique collection. Over the past two years, Katrina and the team have worked relentlessly with passion and dedication to bring this vision to life.”

Katrina also mentioned that this partnership has all the ingredients she is looking for, as Nykaa has all information in business, distribution and technical side of things which is very necessary while starting a brand.

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Frequently Asked Questions

Who is Katrina Kaif?

Katrina Kaif is a British actress that predominantly works in Hindi Cinema and is one of the highest paid actress in India.

Which startup did Katrina Kaif fund?

Katrina Kaif has invested an undisclosed amount in omnichannel lifestyle retailer Nykaa in October 2020.

What is Nykaa?

Nykaa is an Indian online shopping site that sells cosmetics and skincare/beauty products.

What is the makeup brand of Katrina Kaif?

Katrina Kaif has launched her own cosmetic brand Kay beauty in partnership with Nykaa.

What is the net worth of Katrina Kaif?

The net worth of Katrina Kaif is estimated to be around $6 million.

April 4, 2021
The Startups That Are Funded By Alia Bhatt

The Covid 19 pandemic has affected the startup ecosystem in India, as many startups found it difficult to find investors or get funds. Another industry that had a tough year was film industry, as the theaters were closed and many movie releases and productions were halted. Which is why many A-list Bollywood celebrities have resorted to investing in startups that are innovative and have potential.

Bollywood actresses like Alia Bhatt have not only backed and invested in startups but have also started their own ventures like the Ed A Mamma. These celebrities are known to have a large following and platform to reach out to more people, which is why it is no surprise as to why startups now prefer to be funded by popular celebrities or even for endorsements and investments. Over the past few years popular celebrities like Amitabh Bachchan, Aamir Khan, Salman Khan, Madhuri Dixit, Shilpa Shetty, Katrina Kaif, Deepika Pakudone, etc have shown considerable interest in funding the budding startups.

Having a celebrity to endorse and invest in the venture helps startup get noticed in the overcrowded startup space. When it comes to Alia Bhatt, the actor chooses to tread safely while making investments in startups or even starting her own venture. The Raazi actress, is known to invest in FDs and Bonds showing that she does have some business acumen and is not a risk taker when choosing the right startup to invest in.

Alia Bhatt is a one of the highest paid actress of India, known for her work in movies such as Gully Boy, Udta Punjab, Dear Zindagi, etc. Besides her acclaimed acting career, Bhatt has also launched her own line of clothing and handbags as well as a production company known as Eternal Sunshine and is the founder of the ecological initiative called CoExist. Here are the startups the actress has invested in:

Ed A Mamma
Nykaa
StyleCracker
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Ed A Mamma

The actor launched her own sustainable clothing apparel brand for children known as Ed A Mamma in October, 2020. The brand is said to make clothes only for children from the ages of 2 to 14 years old. Ed a mamma focus creating a clothing line that is environmentally friendly as they us natural fibers including plastic free buttons and trims. The company is self-funded by Alia Bhatt and is also a homegrown brand that goes with “Made In India” ethos. The brand is keen on making gender neutral t-shirts from organic cotton, while the products come in an affordable range of Rs 349 to Rs 1,499 where the starting price for organic t-shirt is Rs 799.

Another interesting fact about the brand is its waste management, the company reuses and recycles by using leftover clothing and cloth scrapes to make hair ties and potlis bags. The actor turned investor and now entrepreneur said that she specifically choose to make clothing line for children because they were already many fashion labels that made clothes for the age groups of 25 to 45 years old with high competition in the market. Which is why the Alia and her team decide to bridge the gap and create a made in India and a world class children clothing brand. The company hopes that with the brand the children will develop a love for nature at a young age.

About Ed a mamma

There a many ecofriendly benefits that come along with Ed a mamma products such as non-synthetic garments, buttons that are not made from plastic and even seed bombs that can help you grow a garden. In an interview Alia added that, “children are extremely caring and if you create planeteers at a young age you can help save the planet for years to come.” Alia has also launched CoExist which is an ecological initiative done to raise awareness on the welfare of the street animals. The Ed a mamma clothing line has already said to have sold over 70% of its first season’s collection through Firstcry.com which is an ecommerce website for kid’s products.

The brand is called Ed a mamma because Alia was inspired by a story series she was working on which was based on a little dog named Ed and his mamma a little girl. According to the actress the idea that she derived from this was to create a universe where the girl and the dog would go on adventures and save the planet from pollution. Another focus of the company was to make a homegrown brands for promoting the Made in India initiative. As a result the company manufactures its products in factories from Mumbai, Tripura and Kolkata among others.

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Nykaa

Nykaa is a popular ecommerce platform that sells cosmetic and beauty products and is now a Unicorn Company. After actresses like Katrina Kaif, Alia Bhatt also invested an undisclosed amount to Nykaa in 2020. Nykaa which was established in 2012 has grown into a unicorn company with the help of many such investments. The company also received an investment of Rs 100 crore from Steadview Capital in May, 2020. Founded in 2012 by Falguni Nayar, Nykaa is the number 1 online marketplace for beauty and wellness products in India.

Nykaa logo and products

Nykaa now has a presence over 70 stores in India and also sells products from luxury brands like Tom Ford, Jo Malone London, Dior and Givenchy. The competitors of Nykaa competes with companies like Amazon Fashion, Flipkart Fashion and lastly Myntra. The website currently has over 5 million monthly active users and handles more than 1.5 million order per month. It also has a portfolio of more than 1,500 brands with a variety of 1.3 lakh products available on all its platform like website, apps and 70 offline stores.

Not only that Nykaa also offers a wide range of beauty and grooming products for men, along with Nykaa Pro the company also caters to their customers with beauty needs and special offers. They are also known for their in-house beauty products known as Nykaa beauty which makes cosmetics for lips, eyes, face and nails among other skin body care range. In an interview CEO and founder of Nykaa, Falguni Nayar confirmed Alia funding and added, “There are three reasons to why she wanted to invest in Nykaa, it was because it has Indian roots, it is founded by a woman and is the proof that the best in India can take on the best in the world.”

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StyleCracker

StyleCracker is another startup that is funded and backed by Alia Bhatt. StyleCracker is a fashion tech startup which was founded by Dhimaan Shah and Archana Walavalkar in the year of 2013. The company is known for its advancements in technology that develops the StyleCracker Box which helps people to get styled and look good. The company offers many options for personalization to its customers and has a huge opportunity when it comes to using technology to decode the fashion requirements of the Indian consumer. The company is known for celebrity customized boxes that usually contain apparel, cosmetics, accessories, and sometimes even footwear.

Alia Bhatt with the founders of Stylecracker Dhimaan Shah and Archana Walavalkar

The company has its headquarters based in Mumbai, Maharashtra. The procedure to get one these boxes start with the customers filling a form based on their like/dislikes and preferences, their personal details which are the measurement of their body shape, size and the budget range. Based on that information the customer receives a fashion box that is curated by many celebrity stylist. Once they receive the box, the customers have an option to keep or replace some or all items that they don’t like. The customized boxes are currently priced at Rs 1,999, Rs 2,999, Rs 4999 and even Rs 6,999, while the customers can choose boxes between the four.

The company has shipped over 50,000 customized boxes in more than 35 cities. In an interview Alia Bhatt disclosed on why she backed the startup company stating that, “What I like the most about Stylecracker is that it bridges the gap between the individual and the expert”. This company is the country first ever online personal styling portal that is designed to make life easier and convenient especially for the women that are busy or need experts help to improve their style. The website also allows women to choose between work wear, western style or even ethnic fashion among others and also have style for sizes up to 4XL.

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Frequently Asked Questions

Who is Alia Bhatt?

Alia Bhatt is one the most popular and highest paid actress of Bollywood.

What are the startups Alia Bhatt has invested in?

The startups Alia Bhatt has invested in are StyleCracker and Nykaa.

What is Ed A Mamma?

Ed A Mamma is sustainable clothing apparel brand for children started by Alia Bhatt.

What is Nykaa?

Nykaa is a popular ecommerce platform that sells cosmetic and beauty products.

March 16, 2021