Nykaa CEO Falguni Nayar becomes India’s richest self-made woman

Beauty startup Nykaa’s founder Falguni Nayar has become India’s wealthiest self-made female billionaire, according to the Bloomberg Billionaires Index, as shares made a strong stock market debut. She founded Nykaa in the year 2012.

She holds a 53.5% stake in Nykaa and has a net worth of USD 7.48 billion. This comes after the IPO of FSN E-Commerce Ventures which is Nykaa’s parent entity. This is also the first woman-led unicorn to list on the stock exchange. The issue size of the IPO of FSN E-Commerce Ventures (Nykaa) was Rs 5,351.92 crore with face value of Rs 1 per share.