Falguni Nayar Reveals 2 Skills She Learned From Billionaire Uday Kotak

Falguni Nayar Reveals 2 Skills She Learned From Billionaire Uday Kotak

Falguni Nayar, the founder of the fashion and beauty product e-commerce platform, came into the spotlight after her company did a news round. Nykaa performed so exceptionally on the stock market that it was traded on both the Bombay stock exchange and the national stock exchange at a premium of 79 percent to its initial price set at Rs. 1125.

Falguni Nayar has proved that number of your age does not matter in your entrepreneurial journey. What is all required is the right choice of industry you want to plunge into, accompanied by a determination to succeed.

Falguni Nayar, originally hailing from Gujarat, had completed her education at the Indian Institute of Management Ahmedabad. For more than twenty years of her life, she worked as an investment banker with Kotak Mahindra Bank under the leadership and guidance of Uday Kotak.

Working closely with the prominent Indian entrepreneur and banker Uday Kotak has, for sure, has provided Falguni Nayar with an opportunity to learn and inhibit entrepreneurial skills.

Falguni Nayar started her venture when she was on the edge of turning fifty years old. She wanted to do something related to technology and beauty. So, she founded Nykaa in 2012 as a bootstrapped startup. Nykaa completely ran on her savings for the first two years as she wanted to create an identity for her startup before approaching the investors. Nykaa received an honor to be reckoned as a unicorn company in March 2020 – just eight years after its inception with a seed funding of around Rs 3 million from the Nayar Family.

Also Read: Nykaa Shares Still On Fire On Day 2! More Details Inside – Falguni Nayar Background, Nykaa’s Association With Katrina Kaif And More

During an interview with a leading news portal, Falguni Nayar disclosed what she learned from Uday Kotak. She said in an interview that she knew two fundamental lessons from Uday Kotak. One, Corporate governance stays crucial. Two, don’t do anything that does not sustain you financially. Undoubtedly, what she learned from Uday Kotak has facilitated Falguni Nayar steer Nykaa to a unicorn company.

It would be best not to make consumers purchase from your website because it is not sustainable. I think I have learned so much from it. Initially, I used to crack jokes that I did something wrong, like free shipping to any level. That is something Uday would disapprove of. So, there are a lot of lessons that revolve in my mind as to whether I would or would not do something, she jokingly said.

Falguni Nayar And Kotak Mahindra Bank’s Unbreakable Relation

In their book called How Uday Kotak built a valuable Indian Bank, R Gopalkrishnan and Tulsi Jayakumar have mentioned Uday Kotak’s attempt to stop Falguni Nayar from quitting the bank after her husband got a job abroad.

We had launched an advisory division in Kotak Mahindra Finance Limited. A year later, Falguni’s husband, a city bank employee, was deployed to London. Falguni Nayar was set to quit her job at the Kotak Mahindra Bank and shift to London with her husband. We said, ‘Falguni if you are shifting to London, we would set up an office in London. We want to sell and trade stock in GDRs. Why don’t you open it?’

Setting up Kotak Mahindra’s office in the United Kingdom was possible because of Falguni Nayar. Two years later, Sanjay Nayar, Falguni’s husband, was relocated to New York. We said it was great! Set up the New York office.

Uday Kotak further recalled an incident from 2012. He said Falguni told him that she was happy with what she had been doing at the bank, but she wanted to do something different and not compete with me. I asked her what was on her mind? She replied, ‘I am excited about starting something related to the internet and beauty. She turned her Idea into reality and christened it Nykaa.

Nykaa Shares Still On Fire On Day 2! More Details Inside – Falguni Nayar Background, Nykaa’s Association With Katrina Kaif And More

Nykaa Shares Still On Fire! More Details Inside - Falguni Nayar Background, Nykaa's Association With Katrina Kaif And More

Nykaa shares received an unprecedented welcome on Stock Market. The fashion and personal care segment company debuted on the Bombay Stock Exchange and National Stock Exchange on 10 November with a 96 percent premium to its face value set at Rs 1125 apiece.

Nykaa had opened up its three-day-long Initial Public Offering (IPO) for its shares on 28 October 2021. As per the data published on BSE, the share allotment reserved for Non-Institutional Buyers (NIB)/ witnessed a subscription of 112 times, while the fraction of Nykaa shares reserved for Qualified Institutional Buyers received a subscription of 91.8 times. Also, employees subscribed to the Nykaa shares reserved for employees 1.88 times. Before the official listing of Nykaa on the stock exchange, it was also trading in Grey Market with a premium of Rs 570.

The market value of Nykaa shares has risen to Rs 1,04,438.88 crore after its listing on the stock exchange. Overwhelming response to the IPO and day one of Nykaa’s listing have helped the etailer company surpass the market capitalization of a few leading companies, including Godrej Consumer Products and Britannia Industries. Godrej Consumer Products has a total market capitalization of Rs 99,916 crore, while Britannia Industries has Rs 89,051 in market capitalization.

Cosmetics and personal care had remained an undervalued industry, albeit with 20 percent contributions to the e-commerce sector. With the launch of Nykaa, Falguni Nayar has endeavored into something that was neglected or, say, something that was given less importance.

Make-up is not just a means for looking presentable but also a way of wearing your opinion. Falguni Nayar has, therefore, facilitated India’s populace a medium to find beauty and personal care products regardless of their gender. Nykaa has more than 1.8 million products on the platforms, including various premium to mid-range brands. Nykaa also manufactures some beauty products under its label.

Success ladder of Nykka

Falguni Nayar founded Nykaa in 2012 on a bootstrapped basis. In an interview three years ago, she said that it was not difficult for her to explore funding opportunities. Still, she wanted to carve a unique identity of Nykaa before she would decide to approach the investors.

For the first two years, Falguni Nayar and her husband bore the company expenses on their savings. Falguni Nayar managed to bring substantial growth to Nykaa by the end of the second year.

Nykaa bagged its first investment from angel investors two years later, in 2014. The series A round of funding fetched Rs 20 crore to the company. Some of the early investors in Nykaa included Indra Banga and Harindarpal Singh Banga. The market valuation of Nykaa after receiving the first investment has touched Rs 120 crore. Nykaa shares price was Rs 97.4 apiece.

A year later, in July 2015, Nykaa received another Rs 59.6 crore in funding from TVS Capital, heightening the company valuation to Rs 500.7 crore.

After a gap of four years, the company managed to bag Rs 100 crore in a Series E round of funding. The market capitalization of Nykaa at that time was inflated to Rs 5,713 crore. TPG Growth was the leading investor in Nykaa in the Series E funding round in March 2019. Nykaa shares price in 2019 March was Rs 3,530 apiece.

Nykaa, in March 2020, had a moment to celebrate when it turned into a unicorn company. Nykaa received Rs 166.6 crore in funding from Steadview Capital in a Series E3 round. After the E3 round of funding, the total market capitalization of Nykaa had settled to Rs 10,140 crore.

Nykaa has shown tremendous growth in a short period. For some time, the company had reported a loss during the corona pandemic. But Nykaa managed to scale up its growth rapidly in the post-pandemic time.

According to the close observers of the online shopping platform, tire II and III cities are playing a seminal role in boosting the company’s profit chart. Nykaa has also published a report stating tier II and III towns have contributed 64 percent of their revenue in 2021 compared to 59 percent in 2020. While the share price of Nykaa increase to Rs 6,569.

Followed by the constant growth in Nykaa, the networth of Falguni Nayar has also increased to $7.4 billion over time. She is also counted in the top 20 richest Indian billionaires.

Who Is Falguni Nayar?

Falguni Nayar is an Indian Institute of Management Ahmedabad alumni working as a banker before she founded Nykaa – a content-based e-commerce platform founded in 2012. She spent a significant part of her career working in Kotak Mahindra Capital Co. She was also deployed in the bank as the managing director and was leading institutional equity business. Falguni Nayar hails from Gujrat. Her father owned a bearings firm.

How is Katrina Kaif associated with Nykaa?

Katrina Kaif With Falguni Nayar And Her Daughter Adwaita Nayar

Katrina Kaif’s presence in Nykaa’s stock market bell-ringing event was confusing for many people. For the uninitiated, Katrina Kaif has a tie-up with Nykaa and is one of the company’s investors.

Nykaa, in association with Katrina Kaif, has formed a beauty brand called Kay Beauty. Katrina Kaif is the co-owner of Kay Beauty and plays an instrumental role in branding and formulating growth strategies.

Speaking to NDTV about Katrina Kaif’s presence to the bell ringing event, Falguni Nayar said: “Conjointly with Katrina Kaif, we own a brand called Kay Beauty. It is a brand that we founded together and she has helped us significantly in building the brand. She is co-owner and also designed the brand we are building together. She is a business partner of Nykaa and so she was here today.

Alia Bhat, Bollywood actress and daughter of Mahesh Bhatt, is also an investor in Nykaa.

Should you invest in Nykaa Shares?

Nykaa is a content-based e-commerce platform that deals in cosmetics and personal care products; some of them are self-manufactured by Nykaa.

Brokerages gave a positive response to Nykaa’s stock listing and suggested subscribing to the stock. Santosh Meena, head of research at Swastika, commented on Nykaa’s long-term performance of the stock exchange: we expect a surge in Nykaa’s stock for the next 1 2 days. Then it might settle down for some time. Nevertheless, Rs 2000 could perform as a support level in the near future. Aggressive investors can hold the stock for the long term, he suggested further.

What does Nykaa mean?

Nykaa is the word derived from its Sanskrit namesake ‘Nayaka,’ which means a heroine, or the one becomes a center of attraction.

Nykaa IPO Ended Today, Received A Strong Demand, See GMP And More

nykaa ipo

Nykaa, a child company of FSN E-commerce Ventures, has concluded its three-day-long initial public ( Nykaa IPO) offering on Monday, 1 November 2021. Nykaa, the company operating as a content-focused e-commerce platform for beauty cosmetics and personal care products, commenced its share bidding on 28 October 2021.

How Nykaa IPO Performed In Its 3 Days Tenure

The Initial Shares of Nykaa IPO received a good response from the investors on the first day itself. On day two, the Rs 5352 crore Initial Public Offering of Nykaa was subscribed more than 4.8 times. The investors made bids for 12,77,48,892 IPO shares against the total issued 2, 64,85,479 shares.

The third day also saw a considerable share demand from the investors. The Nykaa shares were subscribed more than twenty-four times until the market closing time. Nykaa had set the shares price at Rs 1085 – 1125 for each share. The Initial Public Offering (IPO) of Nykaa encompasses newly issued shares amounting to Rs 630 crore. The leading player in the personal care segment is gripping a massive premium of about Rs 570 per share – 50 per cent of its actual share value.

According to the data posted on National Stock Exchange, Nykaa IPO received 10 per cent subscriptions before the clock struck 12 in noon on the last day of bidding. The shares reserved for Qualified Institutional Buyers marked 7.3 times subscription. On the other hand, the shares reserved for Non-Institutional Buyers received 9.23 times subscription. Also, the retail investor segment was subscribed 9.23 times.

Nykaa IPO shares distribution will be finalized on 8 November 2021and transferred to the Demat accounts of the IPO subscribers. Nykaa will also be traded on a Grey Market – an unofficial place of trading company shares before making it to the stock exchange market. Nykaa’s shares were trading on the grey market with a premium of Rs 570 for each share. The company will be officially listed on the National Stock Exchange and Bombay Stock Exchange on 11 November 2021.

Morgan Stanley India, Citigroup Global Markets India, Kotak Mahindra Capital, JM Financial, ICICI Securities, and BofA Securities India are the Merchant Bankers of Nykaa IPO. Nykaa aims to utilize the funds received from IPO to repay its debts, setting up a few new warehouses and retail stores.

Nykaa had registered losses during the pandemic era due to the lockdown. However, the e-commerce company revived itself from losses in 2021. Company researchers have also shown faith in Nykaa’s growth over the long term considering its business strategies, the scope of improvement, and future expansion plans.

‘Considering the powerful leadership, profitability, scale of operations, we acknowledge that Nykaa has established an industry itself. So, we suggest subscribing to the Nykaa shares for long term gains,’ Hem Securities stated.

Another brokerage company Prabhudas Liladhar suggested subscribing to Nykaa’s shares, mentioning their belief in Nykaa’s performance in the future.

Nykaa, founded by the past investment banker Falguni Nayar, created a place in the already stiff market with its content focused product selling strategy. The e-commerce platform sells more than 1.8 million products on the platform, including a few products exclusively produced by Nykaa.

Nykaa to launch IPO on October 28 to raise ₹5,200 crore: Report

FSN E–Commerce Ventures, a digital native client technology platform that runs Nykaa and Nykaa Fashion, has set to launch its initial public providing (IPO) on October twenty eight. The supply can shut on Hallowmass.

The company plans to boost Rs five,351.92 large integer through its public issue at the higher value band. the worth band has been fastened at Rs one,085-1,125 a share. FSN E–Commerce Ventures is promoted by Falguni Nayar and backed by non-public equity firm TPG.

Bids may be created for a minimum of twelve shares and in multiples of twelve shares thenceforth. Retail investors will invest a minimum of Rs thirteen,500 for one ton and a most of Rs one,89,000 for fourteen tons

The share allotment are finalised on Gregorian calendar month eight. Refunds are given on Gregorian calendar month nine investors can get shares in their demat accounts on Gregorian calendar month ten. mercantilism can start from Veterans’ Day.

The mercantilism includes a recent issue of Rs 630 large integer and a suggestion purchasable (OFS) of four.197 large integer equity shares by the promoters and investors.

While the Sanjay Nayar Family Trust can dispose to forty eight 100000 equity shares, investors TPG Growth IV SF Pte Ltd can offload over fifty four.21 100000 shares and tower India Fund III can sell forty eight.44 100000 shares through the OFS.

Yogesh Agencies & Investments non-public Ltd can offload over twenty five.38 100000 shares, and JM money and Investment practice Services nine.14 100000 shares. There ar sixteen shareholders WHO ar sellers.

Lighthouse India III worker Trust, Sunil Immanuel Kant Munjal, Harindarpal Singh Banga, together with Indra Banga, Narotam Sekhsaria, Rishabh Mariwala, Jeenoo Khakhar, together with Kanika Khakhar and Isha Khakhar, archangel Sanchez, Samina Hamied, Sanjay Maliah, Vikram Sud, and Karan Swani ar among the sellers.

Up to 2.5 100000 equity shares ar put aside for workers.

Nykaa can use world wide web issue for investment in subsidiaries (FSN Brands and / or Nykaa Fashion). it’ll be used for gap retail stores, for cost and investment in subsidiaries (Nykaa E-Retail, Nykaa Fashion and FSN Brands), new warehouses, and reimbursement of debt.

The issue will be utilized to boost complete visibility and awareness, besides general company functions.

Incorporated in 2012, FSN E–Commerce Ventures could be a digital native client technology platform, delivering a content-led, style retail expertise. it’s a various portfolio of beauty, care and fashion product, together with own product. the corporate operates its beauty and private care through the Nykaa vertical, and attire and accessories via the Nykaa Fashion channel.

It additionally runs offline channels, comprising eighty stores across forty cities in India over 3 completely different formats, as of August 2021.

As of August 2021, it offered some three.1 million SKUs (stock-keeping units) from four,078 national and international brands across business verticals. In FY21, its total GMV (gross marketing value) was at Rs four,045.98 crore, that grew fifty.7 % from FY20.

The main promoters Falguni Nayar Family Trust and Sanjay Nayar Family Trust presently hold forty five.99 % equity stake within the company. Public shareholders have forty five.78 % belongings within the company. They embody Steadview Capital Mauritius, TPG Growth IV SF, tower India Fund III, Fidelity Securities Fund, and Kravis Investment Partners LLC.

Kotak Mahindra Capital Company, Morgan Stanley India Company, BofA Securities India, Citigroup international Markets India, ICICI Securities, and JM money ar the book-running lead managers.