While she may not actually be a mythical creature, Falguni Nayar, CEO of Indian beauty and lifestyle retail company Nykaa, definitely has some magic in her as the first Indian woman to take a unicorn company public.
In 2012 at the age of 49, Nayar noticed that beauty was an under-addressed market in India, and in March of that year, she quit her job as the Managing Director of Kotak and launched Nykaa. A decade later, its initial public offering has been oversubscribed by nearly 82.5 times and the company has a valuation of US$13 billion. Nayar is now the richest self-made billionaire woman in India, owning a 52.6 per cent stake in the company.
Since its launch as a single ecommerce store, there are now 15 Nykaa-owned brands including Nykaa Cosmetics, Nykaa Naturals and Kay Beauty, with 84 physical stores spread across 38 cities in India. In the 2021 financial year, 2.4 million fashion products were purchased and 17.1 million beauty and personal care orders were placed.
And what helped her reach such success? Nayar simply says, “I was not afraid to be different.”
This simple word game has taken the world by storm, entrancing players with its basic rules and drip-fed opportunities to play. Wordle launched in October last year and snowballed from 90 daily players in November to 300,000 at the beginning of January, and by the end of the month, it had risen to more than three million. The game has since been purchased by The New York Times.
The game works by releasing a new word each day at midnight and giving players six chances to guess it correctly. Developed by Josh Wardle to play with his puzzle-loving partner, the game’s popularity is assigned largely to its simplicity in an era of apps fighting for consumer attention. It has no push notifications, no email sign-ups, and can only be played once each day.
WOMEN’S GUIDE TO POWER
Released in March, POWER: A Woman’s Guide to Living and Leading Without Apology by Kemi Nekvapil is the new must-have book for women in 2022. The executive and personal coach has created a five-step framework to assist women in building their own power. It outlines how this can be achieved through Presence, Ownership, Wisdom, Equality and Responsibility. Drawn from accounts of her own life, Nekvapil shares, “My one hope is that you will read my stories and they will ignite you to own your power – to take it back and have the courage to share it where it counts.”
Working in tech has now become more lucrative than ever with a new report by the global recruitment firm Talent finding salaries have soared in the wake of talent shortages in the tech sector.
The study found that as a result of these shortages, workers’ salaries have increased by 15–30 per cent on average globally. Candidates are also experiencing a rise in counter offers by 20–30 per cent, meaning that within the one job search, a candidate is often fielding two to three opportunities.
It is estimated that demand for tech skills will only accelerate in the next few months due to a continued rise in digital businesses while border restrictions limit the number of workers available.
Feeling a bit lost and uninspired at work recently? These five new books are sure to jump-start your passion for work again.
- Atlas of the Heart: Mapping Meaningful Connection and the Language of Human Experience, Brené Brown: Explore the emotions and experiences that define what it means to be human, learning a new framework for cultivating meaningful connections.
- Trusted to Thrive: How Leaders Create Connected and Accountable Teams, Marie-Claire Ross: A foundation of trust is vital to a team’s success; unpack how to create an environment of trust in your workplace.
- Smart Growth: How to Grow Your People to Grow Your Company, Whitney Johnson: Discover how to cultivate a culture of learning and growth as a leader, enabling your people to recognize their potential.
- The Upside of Uncertainty: A Guide to Finding Possibility in the Unknown, Nathan Furr and Susannah Harmon Furr: Learn from this science-backed guide on how to both navigate and thrive in the face of uncertainty.
- We the Possibility: Harnessing Public Entrepreneurship to Solve Our Most Urgent Problems, Mitchell Weiss: Find inspiration and a positive vision as to how our big public problems can be solved through imagination and experimentation.