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 on Wednesday. FSN E-Commerce Ventures, Nykaa’s parent entity, is India’s first woman-led unicorn to hit the stock exchange. Founded in 2012 by former investment banker Falguni Nayar, the woman-led unicorn offers 4,000 beauty, personal care and fashion brands through its website, app and 80-odd brick-and-mortar stores. After graduating from IIM Ahmedabad, Falguni started her career in consulting with A.F. Nykaa is a profitable company, a rarity among the internet startups making a debut in the public markets.

Source: Mint November 10, 2021 09:04 UTC