with the goal of inspiring Indian women, Nykaa has evolved into one of India’s largest cosmetics and lifestyle brands.
Nearly 10 million people shop there, and a November IPO raised $700 million at a $13 billion valuation—turning Nayar, the CEO, into India’s richest self-made businesswoman. Expansion and marketing led to a 23% drop in net profits in the nine months to December, but revenue grew 65% year-over-year to $376 million.More Must-Read Stories From TIME
Great achivement.
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