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What Nykaa CEO says about VCs without women in key positions


Venture capitalist corporations that shouldn’t have women in decision-making positions discover it obscure a women-centric enterprise, a high official of magnificence and wellness e-commerce platform stated on Saturday.

CEO Adwaita Nayar at a FICCI occasion stated that the founders of her firm approached a number of buyers however had been rejected due to the absence of women in key positions in enterprise capitalist corporations.

“We must have spoken to over a 100 investors in the early days. All of them said no-no, we are not interested. The same investors who now are super interested. I think a large part of the problem is that a lot of these venture capital firms don’t have women in investment positions. If you don’t have women making decisions on the other side then you don’t really understand women centric business,” Nayar stated.

She and her mom Falguni Nayar co-founded the enterprise and her brothers joined the enterprise round three years again.

“I think, honestly for me, really sensing the biases towards women has come in subtle ways over the last 9-10 years,” Nayar stated.

Nayar stated that when the corporate approached bankers for the preliminary public provide and at one level of time she seen that bankers had been complimenting her brother for increase the enterprise when she intervened and informed them that she had helped in increase the enterprise for .

“At one point of time I had to stop them. I helped build this business. So you have to make yourself be heard. You have to take up space. You have to stand up because there are biased seasons. They do crop up,” Nayar stated.

Nykaa, which focuses on magnificence, style and private care commerce, has posted about 57 per cent decline in consolidated revenue after tax to Rs 29 crore in the third quarter ended December 31, 2021 after it greater than doubled its advertising expense to amass clients.

The firm had registered a PAT of Rs 68.9 crore in the identical interval a yr in the past.

(Only the headline and film of this report could have been reworked by the Business Standard workers; the remainder of the content material is auto-generated from a syndicated feed.)

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