Nykaa founder and CEO Falguni Nayar became India’s 7th woman billionaire and the wealthiest self-made billionaire on November 10, 2021. The market cap of Nykaa hit 1 trillion rupees ($13.5 billion) in the five minutes of Nykaa IPO listing. 58-year-old Falguni Nayar founded Nykaa in 2012 when she was 50-years-old. After Nykaa’s Initial Public Offering (IPO) on the stock exchange, Nayar became India’s 7th woman billionaire and richest self-made woman billionaire. With this, Nykaa has also become the first woman-led unicorn startup that got listed on the stock market in India.

Source: Dainik Jagran November 10, 2021 17:38 UTC