Nykaa was founded in 2012 by Falguni Nayar, who is married to KKR India head Sanjay Nayar. It provides a curated range of beauty products for women and since then expanded to fashion and men#39;s wellness and grooming. Nykaa was founded in 2012 by Falguni Nayar, who is married to KKR India head Sanjay Nayar. It provides a curated range of beauty products for women and since then expanded to fashion and men#39;s wellness and grooming.