Bewakoof vs Nykaa: Founders, CEOs and History
Bewakoof was founded in 2012 by Prabhkiran Singh, Siddharth Munot. Nykaa was founded in 2012 by Falguni Nayar and is led by Falguni Nayar.
Company facts
Founders
Bewakoof
Prabhkiran Singh
Prabhkiran Singh co-founded Bewakoof with IIT Bombay batchmate Siddharth Munot and put bewakoof.com live on 1 April 2012.
Siddharth Munot
Siddharth Munot co-founded Bewakoof with Prabhkiran Singh in Mumbai in 2012 and worked on the brand through its unfunded early years, when the two mortgaged family property and relied on bank debt because venture investors would not back the business.
Nykaa
Falguni Nayar
Falguni Nayar (born 1963, Mumbai) founded Nykaa in 2012 after a career in investment banking at Kotak Mahindra. She led the company through its 2021 IPO and remains Executive Chairperson, Managing Director and CEO.
CEOs and their tenures
Bewakoof
- Prabhkiran Singh2012–2026
Co-Founder and Chief Executive Officer
Led Bewakoof from its launch on 1 April 2012 until the end of March 2026. Revenue reached Rs 209 crore in the year to March 2020 before the pandemic cut the topline to Rs 128 crore in FY2021; it recovered to Rs 243 crore in FY2026, the year he announced his ex…
Source
Nykaa
- Anchit Nayar
Executive Director & CEO, Nykaa Beauty
Leads Nykaa's largest and most profitable business.
Source - Adwaita Nayar
Co-Founder, Executive Director & CEO, Nykaa Fashion
Built Nykaa's second major business beyond beauty.
Source - Falguni Nayar2012–present
Founder, Executive Chairperson & Chief Executive Officer
Built Nykaa into India's largest specialist beauty retailer, with revenue above $1 billion in FY2026.
Source
Timeline: Bewakoof and Nykaa side by side
2012Bewakoof
Bewakoof launched in Mumbai: Prabhkiran Singh and Siddharth Munot, batchmates from IIT Bombay, started Bewakoof in Mumbai and put the site live on 1 April 2012, a date Singh said was picked to match t…
2012Nykaa
Nykaa Founded by Falguni Nayar in Mumbai: Falguni Nayar incorporates FSN E-Commerce Ventures in Mumbai and launches Nykaa.com with an inventory-led beauty model.
2014Bewakoof
Fundraise plan and a first push into physical retail: Bewakoof said it planned to raise Rs 25 crore to widen its online range and expand its brick and mortar presence.
2014Nykaa
First Physical Retail Store Opens at T3 Airport Delhi: Opens its inaugural brick-and-mortar store at Terminal 3 of Indira Gandhi International Airport, New Delhi, initiating its omnichannel strategy.
2015Bewakoof
Angel round from the Snapdeal founders and Nikhil Vora: Bewakoof raised an undisclosed seed round from Snapdeal cofounders Kunal Bahl and Rohit Bansal and from investor Nikhil Vora.
2015Nykaa
Launch of Nykaa Cosmetics Private Label: Debuts in-house private label beauty collections (Nykaa Cosmetics and Nykaa Naturals), offering premium, affordable nail enamels and lipsticks tailored for Ind…
2017Bewakoof
Revenue reaches Rs 38 crore with a small profit: Bewakoof reported Rs 38 crore of revenue and a profit of Rs 30 lakh in the year to March 2017, the first of three consecutive profitable years.
2018Nykaa
Launch of Nykaa Fashion & Nykaa Man: Diversifies beyond cosmetics by launching dedicated standalone digital destinations for multi-brand fashion apparel and men's grooming.
2019Bewakoof
Investcorp leads a Rs 80 crore round: Bahrain based Investcorp led an investment of US$11.2 million, about Rs 80 crore, in October 2019, taking a 14 percent stake and a board seat in Bewakoof Brands a…
2019Nykaa
Launch of Kay Beauty with Katrina Kaif: Launches Kay Beauty with actor Katrina Kaif as an owned makeup brand.
2020Bewakoof
First loss after three profitable years: Revenue reached Rs 209 crore in the year to March 2020 but the company swung to a loss of Rs 28 crore after advertising spend of Rs 41 crore and senior hires f…
2021Bewakoof
IvyCap Ventures invests Rs 30 crore: IvyCap Ventures put Rs 30 crore into Bewakoof in March 2021, following a Rs 8 crore bridge round in May 2020 from Pranak Consultants, Pratithi Investment and Indig…
2021Bewakoof
Cosmos Beauty takes the brand beyond clothing: In July 2021 Bewakoof launched Cosmos, a beauty and personal care line of 43 products from day and night creams to aftershave, bath salts and serums, sol…
2021Bewakoof
Rs 60 crore round from Investcorp, IvyCap and Spring Marketing Capital: Bewakoof said in August 2021 it had raised Rs 60 crore from Investcorp, IvyCap Ventures and Spring Marketing Capital, and set ou…
2021Bewakoof
Bazaar opens the platform to other brands: In December 2021 Bewakoof added Bazaar, a marketplace section letting other brands sell alongside its own apparel, footwear, activewear, innerwear and Cosmos…
2021Nykaa
Bumper Initial Public Offering on NSE & BSE: Lists on the NSE and BSE after a ~$621 million (₹5,352 crore) IPO; shares open 79% above the issue price and the market value crosses ~$11.6 billion (₹1 la…
2022Bewakoof
TMRW agrees to buy majority control for Rs 200 crore: TMRW, the digital brands venture of Aditya Birla Fashion and Retail, said in November 2022 it would invest Rs 200 crore for a stake reported at 73…
2022Nykaa
Launch of Superstore by Nykaa (B2B E-Commerce): Scales Superstore by Nykaa, a B2B app supplying small beauty retailers, chemists and salons.
2023Bewakoof
Aditya Birla Digital Fashion Ventures completes the acquisition: The Rs 200 crore majority stake deal closed in February 2023, placing Bewakoof under Aditya Birla Digital Fashion Ventures, part of TMR…
2024Nykaa
Nysaa launch in the Gulf: Partners with Dubai-based Apparel Group to launch Nysaa, an omnichannel beauty format for the GCC.
2026Bewakoof
Founder Prabhkiran Singh steps down and the store count passes 30: Singh said on 24 February 2026 that he would leave at the end of March after 14 years, citing health and family reasons.
2026Bewakoof
FY2026 revenue rises 40 percent to Rs 243 crore: Operating revenue grew 40.5 percent to Rs 243 crore in the year to March 2026 while the loss widened 19.4 percent to Rs 87.4 crore, according to the co…
2026Nykaa
Revenue crosses $1 billion: FY2026 revenue rises 26% to ~$1.16 billion (₹10,022 crore) on GMV of ~$2.32 billion (₹19,963 crore); net profit roughly doubles.
2026Nykaa
FY2030 vision: $5 billion+ GMV: At its June 18, 2026 investor day Nykaa targets $5 billion+ GMV by FY2030 and 4 to 5 times EBITDA growth.
Acquisitions
Bewakoof
- Bewakoof Brands Private Limited (majority stake taken by Aditya Birla Digital Fashion Ventures)2023$24M
Nykaa
- Aminu Wellness (51% stake)2026$320M
- Earth Rhythm (staged stake increases)2022$4.2B
- Dot & Key Wellness (majority stake)2021Undisclosed
- Pipa Bella2021Undisclosed
- 20Dresses2019Undisclosed
Questions about Bewakoof vs Nykaa
Who is the CEO of Bewakoof and Nykaa?
Nykaa is currently led by Falguni Nayar. The current CEO or equivalent executive for Bewakoof was not available in our dataset.
When was Bewakoof founded vs Nykaa?
Both Bewakoof and Nykaa were founded in 2012, making them the same age.
How many employees does Bewakoof have compared to Nykaa?
Bewakoof employs approximately 450 people, while Nykaa employs approximately 4,500. Nykaa has the larger workforce at 4,500 employees, compared to Bewakoof's 450. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Bewakoof and Nykaa headquartered?
Both Bewakoof and Nykaa are headquartered in India, meaning they operate under the same primary regulatory and tax environment.
Who founded Bewakoof and Nykaa?
Bewakoof was founded by Prabhkiran Singh, Siddharth Munot. Nykaa was founded by Falguni Nayar.
Which company has a longer operating history — Bewakoof or Nykaa?
Bewakoof has been operating for approximately 14 years, making it the more established of the two companies. Nykaa has been in operation for around 14 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Bewakoof vs Nykaa overview