As per Bloomberg Billionaires Index, Falguni Nayar became India’s wealthiest self-made female billionaire. It was on Wednesday, when her share made strong market debut.
Her beauty startup led her to become the world’s richest. Falguni Nayar owns approx half of Nykaa. Nykaa’s worth is now about $6.5 billion as shares of the firm surged as much as 89% when they started trading Wednesday.
Beauty app Nykaa was founded in the year 2012. It was founded by former investment banker Falguni Nayar. Nayar’s website has 4000 beauty and care products. It has 80+ other stores in its website.
Falguni started her career in consulting with A.F. Ferguson & Co after completing her graduation from IIM Ahmedabad. She spent her 18 years at Kotak Mahindra Bank. She was managing many businesses and was the vManaging Director of Kotak Mahindra Investment Bank, and was director at Kotak Securities.
Falguni worked hard to build a beauty empire. Nykaa has emerged as India’s leading beauty retailer with a portfolio of 1500+ brands. Nykaa products are available in 68 stores across India. She has team of over 1600 people. Nykaa is a profitable beauty company.