Mumbai: Nykaa, a beauty, fashion, and lifestyle retailer, has announced the departure of Mr. Nihir Parikh, CEO of NykaaFashion.com and NykaaMan, from the company to pursue new opportunities outside the organization. Mr. Parikh will continue to contribute to Nykaa Fashion as a member of its Board of Directors.
During his nearly decade-long tenure at Nykaa, Nihir Parikh played a significant role in shaping the company’s growth and evolution. He contributed to Nykaa’s expansion into the fashion and men’s grooming categories through the launch of Nykaa Fashion and NykaaMan. Nihir also supported initiatives in digital transformation, enhancing the platform’s technological capabilities and customer experience. His efforts helped strengthen Nykaa’s omnichannel presence and establish valuable partnerships, contributing to the company’s journey as a trusted market leader.
Reflecting on his time at Nykaa, Nihir Parikh shared, “The past decade at Nykaa has been an extraordinary journey, filled with milestones and unforgettable moments. I am deeply grateful to Ms. Falguni Nayar for her steadfast support and trust—it has been an honor to work under such an inspiring leader. To my team and partners, your commitment, collaboration, and friendship have been invaluable, shaping every success we’ve achieved together. As I step into new opportunities, I carry immense pride in being part of Nykaa’s story and look forward to seeing the company’s continued growth and success.”
Falguni Nayar, Founder and CEO of Nykaa, expressed her appreciation for Parikh’s contributions, stating, “Nihir has been an integral part of Nykaa’s journey, contributing significantly to our growth in Nykaa Fashion and NykaaMan. We are grateful for his unwavering dedication and the lasting impact he has had on the team and business. As he embarks on new opportunities, we remain excited about the future and are confident that the team will continue to build on the momentum Mr. Parikh has helped us create. We wish him all the best and look forward to his continued support as a valued Board member.”
The company places on record its deep gratitude for Parikh’s invaluable contributions and commitment during his tenure. As Nykaa looks ahead, the company remains committed to building on the strong foundation laid by Mr. Parikh and the leadership team to continue delivering exceptional experiences to its customers, partners, and stakeholders.
Nykaa recently announced the appointment of Abhijeet Dabas as Executive Vice President and Business Head – Fashion eCommerce. Abhijeet will focus on driving Nykaa Fashion’s online growth, expanding its global footprint, and building strategic partnerships, including alliances with leading retailers like Foot Locker and REVOLVE, to further strengthen Nykaa’s presence in the fashion e-commerce space.
