No. 001 · Falguni Nayar
What this record used to say.
This record has been revised 2 times. Each version is hash-chained to the one before it and anchored to Bitcoin; the values below are shown exactly as they were recorded at the time, not restated after the fact.
Version 2
2026-07-18
Bitcoin attested
- Raised: $156.89M total across 14 rounds (per Inc42, incl. post-IPO secondary) $156.9M total (14 rounds, incl. post-IPO secondary)
sha256 58892152c646f5cc55cb09645e08fe7573036b9809d10b570d5091facabb0219
Version 1
2026-07-17
Bitcoin attested
Minted
- Founder: Falguni Nayar
- Company: Nykaa
- Founded: 2012 · Mumbai
- Raised: $156.89M total across 14 rounds (per Inc42, incl. post-IPO secondary)
- Strap: She founded Nykaa, a beauty and personal-care marketplace, in Mumbai in 2012, and took it public as FSN E-Commerce Ventures in 2021.
- Moves: 2012 · Founded Nykaa, a marketplace for beauty and personal-care products, in Mumbai; 2021 · Listed as FSN E-Commerce Ventures on NSE and BSE on November 10, 2021; shares opened at ₹2,018 on the NSE against a ₹1,125 issue price; 2022 · Announced a 5:1 bonus share issue just before the pre-IPO lock-in expired on November 10, 2022; the timing raised corporate-governance questions and prompted SEBI to consider a time limit on bonus issues, and CFO Arvind Agarwal resigned the same month; 2025 · Inc42-reported FY25 revenue ₹7,977.1 Cr (FY24: ₹6,415.6 Cr)
sha256 c1096b7541bc666e4dee9167e37d4de01413db0dd980272fa6f7c50ffbb5c5ad