Falguni Nayar proves that age is just a number : The Nykka CEO
Nayar isn't like several other CEO of a company. She is not a social media person and took the entrepreneurial plunge in 2012, once she was nearly 50.
Is it doable to create a startup super-valuable while not being on social media? Well, raise Falguni Nayar of beauty and fashion e-commerce platform Nykaa. Nayar isn't like several other CEO of a company. She is not a social media person and took the entrepreneurial plunge in 2012, once she was nearly 50. In fact, ever since Nykaa was founded, she has tweeted just once in 9 years.
“I think being active on social media takes a tremendous amount of time and effort. And I'm a person who spends my time a little differently. Numbers really motivate me and if I'm sitting in front of a spreadsheet, I spend a lot of time I believe in social media, I just can't keep up, ”Falguni Nayar said in an interview with Money Control.
Falguni Nayar made headlines on Wednesday after the share price of its Nykaa business nearly doubled at the time of listing. Nayar's stake is now worth more than $ 6.5 billion, making her one of India's richest women entrepreneurs. Falguni Nayar, born and raised in a Gujarati family, graduated from the Indian Institute of Management in Ahmedabad. His father ran a small bearing business. Prior to founding Nykaa, Nayar worked at Kotak Mahindra Capital, where he was CEO and responsible for its institutional investment business.
I started Nykaa at the age of 50 without any experience. I hope Nykaa's journey inspires each of you to be the Nykaa (heroine) of your life, ”Nayar said on Wednesday.
In 2012, Nykaa started with simply sixty daily orders. "We'd rather sell the correct color of lipstick at full price, than the incorrect shade at 0.5 off, which might build the customer sad within minutes of wearing it," Nayar told Bloomberg. India' wealthiest successful woman have has proven that gender, age, background, and education are not any bar to become an entrepreneur. Speaking of beginning her journey at 50, Nayar told cash Control, "I feel women place constraints in their minds that don't seem to be therefore necessary. Today, many ladies are managing their businesses cum young children. I don't suppose there's one playbook. I did it when I did it, and that i am glad that I at least tried it when I tried it." Being someone who doesn't wear her feelings on her sleeve, the steller debut within the stock market saw Nayar "feel an emotion that was quite strong".