Nykaa founder, Falguni Nayar became India’s seventh woman billionaire and the wealthiest self-made billionaire in the ongoing initial public offering (IPO) boom that saw the e-commerce giant making a blockbuster debut on Dalal street.
Nykaa shares were being listed at Rs 2,018 with around 80 percent premium moments after the markets opened. Within an hour and a half, its market cap already matched industry giants like Britannia, Godrej and IndiGo.
Nykaa became widely popular predominantly among tech-savvy young women who preferred wide selection of brands as compared to what is offered at their local shops. Moreover, its popularity has grown with top Bollywood actors like Katrina Kaif and other social media influencers helping these brands break new grounds in skincare of Indian women.
Nykaa is India’s first unicorn startup which was founded by Falguni Nayar in 2012. The 58-year-old has joined six other Indian women billionaires after eight years of launching the start-up. ” I hope the Nykaa journey – an Indian-born, Indian-owned, and Indian-managed dream-come-true – can inspire each of you.”, Nayar said.
