Falguni Nayar, the founder of Nykaa, has become one of the world’s wealthiest people following the spectacular stock market debut of FSN E-Commerce Ventures Limited, the parent company of Nykaa.
Following the company’s successful IPO and listing, Falguni Nayar also became India’s richest self-made woman billionaire. Her net worth increased by more than $6.5 bn. after the company’s shares were floated on the stock market at a 79% premium. Nayar owns over half of Nykaa through two promoter trusts and seven additional promoter organisations.
She was formerly an investment banker for over 20 yrs and founded Nykaa in 2012, only months before turning 50. She is now one of India’s wealthiest women, after only eight years. It must also be highlighted that FSN E-Commerce Ventures Limited is the first woman-led unicorn to be listed on the stock exchange.
Nykaa’s path has been inspiring, and it is one of the shining examples of how the country’s startup environment has developed over time. With millions of users on its app, Nykaa is one of the major companies in the online Beauty & Personal Care (BPC) industry. It also has over 70 physical outlets spread out throughout several cities. Following its recent IPO funding, the firm intends to extend its footprint with additional outlets, in addition to focusing on trendy items.
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