Nykaa is an Indian e-commerce company, founded in 2012 by Falguni Nayak, and headquartered in Mumbai, Maharashtra. The company name came from the Sanskrit word Nayaka, which means ‘one in the spotlight’
Nyka was incorporated in 2012 by Falguni Nayar, a former managing director at Kotak Mahindra bank. She was launched as an e-commerce platform for beauty, wellness and fashion products.
The company operates under the two major vertices business, one is Nykaa beauty & personal care and the second one is Nykaa fashion for apparel & accessories.
Nykaa apparel and accessories consist of 2400 plus brands and over 1.8 million SKUs with fashion products. It also owned six fashion brands such as Nykd by Nykaa, 20Dresses, RSVP, Mondano, Likh, Pipa Bella.
FSN E-Commerce Ventures, the entity that operates the Indian beauty startup Nykaa, saw its profit fall 96% as marketing costs surged in the quarter before its initial public offering