Nykaa wins Emerging Retailer of the Year at India's Retail Champion awards
“And, that's what we call a win,” wrote the brand on its social media. “Another proud moment for us as #NykaaRetail swept the award for Emerging Retailer of the Year in India's Retail Champion event, organized by Retail Association of India. Your love and support are what continuously push us to achieve and deliver the best.” The Nykaa team celebrated the award together and received a trophy and a certificate.
The awards ceremony celebrated business across India’s retail sector and was sponsored by Bhartia City, Future Group, and Retail Startup. Other winners on the night included Puma, Shoppers Stop, V-Mart, and Kaya Cosmetics.
The brand’s founder, Falguni Nayar, was also awarded the “BW Businessworld Woman Entrepreneur of the Year” award last month making it a promising start to the year for the business.
Nykaa, which started life as an online beauty retailer has now adopted an omni-channel strategy and boasts a total of 34 stores across India for its two brick-and-mortar retail formats: Nykaa On Trend and Nykaa Luxe. The brand’s most recent store openings were in Bhopal, Kanpur, and Jaipur.
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