Who Is Falguni Nayar? Founder of Nykaa, The Richest Self Made Indian Woman Billionaire
Mumbai, 10th November 2021: Falguni Nayar, founder of beauty startup Nykaa, has become India’s richest self-made female billionaire.
According to the latest data from the Bloomberg Billionaires Index. Nykaa had a great listing on Wednesday. The stock market welcomed this IPO with open arms. At 12:53 pm, the company’s shares were trading at Rs 2206 per share, a premium of 96.16% over the issue price on BSE. While the market cap has also crossed one lakh crore rupees.
Nayar holds half the ownership of Nykaa. Nayar’s net worth now stands at around $6.5 billion after the firm’s shares rose by up to 89%. FSN E-commerce Ventures is the parent company of Nykaa and is the first woman-led company in India to enter the stock exchange.
The company was founded in 2012 by Falguni Nayar, a former investment banker. The female-led beauty start-up offers 4,000 beauty and personal care and fashion brands through its website, app, and 80-old brick-and-mortar store.
