Falguni Nayar, NYKAA, Gets EY Entrepreneur of the Year'21

18 April 2022, Mumbai:

Falguni Nayar has the founder and chief executive officer (CEO) of beauty supply company Nykaa (FSN E-commerce) been named the EY Entrepreneur of the Year 2021, at the 23rd edition of the EY Entrepreneur of The Year India awards.

Ms Falguni Nayar, Founder & CEO, of Nykaa, was today named the EY Entrepreneur of the Year™ in 2021 and will now represent India at the EY World Entrepreneur of the Year Award (WEOY) on 9 June 2022.

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Shri Bhupender Yadav, Honourable Minister of Labour & Employment and Environment, Forest & Climate Change graced the ceremony as the Chief Guest and addressed the audience.

Dr Bhagwat K Karad, Honourable Minister of State for Finance was the Guest of Honour.

An investment banker turned entrepreneur, Falguni Nayar disrupted a brick-and-mortar industry by taking a digital route to sell beauty products in 2012.

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Her start-up, Nykaa, is one of the most profitable start-ups in the country with a strong Omni-channel presence.

Over the last two years, she has diversified from beauty into fashion and lifestyle and has a well-established portfolio of over 2,600+ international brands and 100+ offline stores.

The company recently raised fresh capital for expansion through a blockbuster IPO. Falguni was the recipient of the EY Entrepreneur of The Year Award in the Start-up category in 2019.

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CREDITS: EY (The news article has not been edited by DFU Publications staff)