Nykaa Fashion CEO Nihir Parikh resigns amid modest growth in the segment
Nihir Parikh, CEO of Nykaa’s fashion vertical, has resigned effective December 5, 2024, citing personal commitments. A Nykaa veteran since 2015, Parikh contributed significantly to the company’s growth. His departure comes amid slower-than-expected performance in the fashion segment and Nykaa’s focus on quick commerce initiatives, including piloting a 10-minute delivery service in Mumbai.
Nihir Parikh, CEO of Nykaa’s fashion vertical, has resigned effective December 5, 2024, citing personal commitments. A Nykaa veteran since 2015, Parikh contributed significantly to the company’s growth. His departure comes amid slower-than-expected performance in the fashion segment and Nykaa’s focus on quick commerce initiatives, including piloting a 10-minute delivery service in Mumbai.
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