Nihir Parikh, Chief Executive Officer of Nykaa Fashion and NykaaMan has resigned from his position citing personal commitments. Parikh joined Nykaa in May 2015 as Chief Strategy Officer. He has been relieved of his duties with immediate effect.
“In compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, this is to inform that Mr. Nihir Parikh, CEO- Nykaa Fashion.com and a Senior Management Personnel of the Company, has tendered his resignation, on account of personal commitments. The resignation will be effective the close of business hours of December 05, 2024,”FSN E-Commerce Ventures, Nykaa’s parent company, announced in a regulatory filing.
Leading the early entrepreneurial team as Chief Strategy Officer, Parikh supported Nykaa’s Series B funding of $9.5M in October 2015, guided Product & Technology till June 2016 and supported HR till November 2017.
During his tenure as Chief Business Officer – before being elevated to the post of CEO – Parikh spearheaded e-commerce brand partnerships, streamlined supply chain management, and enhanced business analytics and commercial strategies. In his role as CEO of NykaaMan and Head of Retail, he led the expansion of Nykaa’s beauty retail stores, achieving EBIDTA-positive performance, while also establishing NykaaMan as a leading platform for men’s grooming and lifestyle.
Most recently, as CEO of Nykaa Fashion, he led the evolution of the company into one of India’s most stylish fashion platforms, alongside driving the success of the dedicated men’s platform, NykaaMan. His leadership and strategic vision were integral to Nykaa’s journey, leaving a legacy of innovation and growth.
About Nykaa Fashion
Nykaa Fashion, launched in 2018, operates as a curated and managed marketplace offering over 1,500 brands and 1.8 million products. It caters to women, men, and children across five consumer segments: women, men, kids, technology, and home. The platform features categories such as westernwear, ethnicwear, lingerie, footwear, bags, jewellery, accessories, athleisure, home décor, bath, bed, and kitchen. It offers a mix of established national and international brands, luxury labels, and emerging designers.
