Nykaa.com is the market leader and a preferred destination for online beauty and wellness products in India. With almost 700 curated, well priced and 100% genuine brands and 80,000 products, Nykaa prides itself on offering a comprehensive selection of makeup, skincare, hair care, fragrances, bath and body, luxury and wellness products for women and men.
After being a leader in beauty eCommerce, Nykaa wanted to offer their customers a holistic shopping experience. The natural extension was to allow a touch-and-feel of products in a physical store.
“Nykaa has strategically decided that we will own beauty in this country, we have already owned beauty eCommerce without a doubt, we are now starting to own physical retail in beauty, we already own content in beauty.” Nihir Parikh, Chief Business Officer, Nykaa
Initially, Nykaa collaborated with Vinculum to turbocharge their online operations and processes. Vinculum continued to support Nykaa in their OmniChannel journey and helped them transform their business to become a leader in OmniChannel retailing in the business of beauty.
“So building a true omnichannel experience is going to be a key thing and a differentiator for us going forward and which is where we are going to expect Vinculum to support us and they are supporting us in building the order lifecycle management as well as customer lifecycle management and giving that true omnichannel experience”Sachin Parikh, CFO, Nykaa
THE SOLUTION – How we helped:
In order to grow across channels, Nykaa required an end-to-end solution to seamlessly manage their offline & online operations. Nykaa was already using Vin eRetail Suite (Vinculum’s flagship SaaS-based product) for online order, inventory and returns management. To foray into the brick n mortar space, they just required a POS solution to be able to sync with store operations and update all master data accordingly.
Vinculum’sVin eRetail, SaaS-based suite for inventory management and order fulfillment including cloud POS enabled omnichannel retailing for Nykaa. The offering included –
Here’s what Sachin Parikh says about Vinculum “One thing about Vinculum that we really liked is their single dashboard which is very important to make sure employee strain and training time was actually reduced for the single dashboard for data as well as source of information for us”
“We now actually do more than 3 lakh orders and we have reached a scale of doing 20,000 orders a day which is where the Vin eRetail system when it comes to order management, inventory management syncing with our frontend system is very important.”
Using Vinculum has been a great decision, he mused – What we like about Vinculum and the team is the agility that they bring with them to develop future technology and the eagerness to develop future technology from the start. We have had them from probably 3 to 4 years from the start we have been developing processes upgrading the systems based on our needs. We get support from them on a regular daily or hourly basis to make sure we don’t get issues as well as we roll out new processes for our teams.”
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