--- description: Find out why Nykaa was selected for the list title: TIME100 Most Influential Companies 2022: Nykaa image: https://static.time.com/v3/assets/bltea6093859af6183b/blte12643000acabdaa/698a303316d88417e4c3a78e/T100-Companies-P-Nykaa.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 --- Mar 30, 2022 # Nykaa India’s beauty behemoth by [Don Steinberg](/author/don-steinberg/) ## Don Steinberg Update your preferences in [Account Settings](/account/preferences/) Close  Falguni Nayar (C-L), managing director and CEO of Nykaa, an online marketplace for beauty and wellness products, along with her daughter Advaita (C-R) attends the company's IPO listing ceremony at the National Stock Exchange in Mumbai on November 10, 2021. Falguni Nayar (C-L), managing director and CEO of Nykaa, an online marketplace for beauty and wellness products, along with her daughter Advaita (C-R) attends the company's IPO listing ceremony at the National Stock Exchange in Mumbai on November 10, 2021.Punit Paranjpe—AFP/Getty Images Ten years after being founded by entrepreneur [Falguni Nayar](https://www.cnn.com/2021/11/12/business/nykaa-falguni-nayar-india-billionaire-hnk-intl/index.html "undefined") 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. _A weekly newsletter featuring conversations with the world’s top CEOs, managers, and founders._ [_Join the Leadership Brief_](https://cloud.newsletters.time.com/signup?nln=leadership&source=100companies "undefined") Nykaa Is one of the 2022 TIME100 Most Influential Companies ```json [{"@context":"https://schema.org","@type":"Article","@id":"https://time.com/collections/time100-companies-2022/6159434/nykaa/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/collections/time100-companies-2022/6159434/nykaa/"},"headline":"Nykaa","datePublished":"2022-03-30T10:21:37.000Z","dateModified":"2026-04-01T12:54:55.964Z","description":"","url":"https://time.com/collections/time100-companies-2022/6159434/nykaa/","keywords":["TIME100 Companies","T100Companies2022","sponsorshipblock"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blte12643000acabdaa/698a303316d88417e4c3a78e/T100-Companies-P-Nykaa.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Don Steinberg","jobTitle":null,"url":"https://time.com/author/don-steinberg/"}],"creator":"Don Steinberg","articleSection":"","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blte12643000acabdaa/698a303316d88417e4c3a78e/T100-Companies-P-Nykaa.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"https://time.com/collections/time100-companies-2022/6159434/nykaa/","name":"Nykaa"}}]}] ```