Nykaa is an Indian e-commerce company that specializes in beauty and wellness products. The company was founded in 2012 by Falguni Nayar, a former investment banker, and has since become one of the leading online beauty retailers in India.
Nykaa started out as a beauty and wellness e-commerce platform, offering products across various categories such as makeup, skincare, hair care, fragrances, and personal care. In addition to its e-commerce website, Nykaa also has a chain of offline stores across India, where customers can browse and purchase products in person.
Over the years, Nykaa has expanded its product range to include fashion, jewelry, and home decor, and has also launched its own private label products. The company has also ventured into the consumer tech space with the launch of its Nykaa Beauty app, which uses augmented reality technology to allow customers to virtually try on makeup products before purchasing.
Nykaa has raised significant funding from investors, including private equity firms, and was valued at over $1.2 billion as of 2021. The company has also been recognized for its innovative business model and has received several awards for its contributions to the beauty and wellness industry in India.