Nykaa: This woman became India’s richest self-made woman billionaire, leaving behind Paytm CEO


new Delhi. Falguni Nayar, the founder of Nykaa, has become the richest self-made woman billionaire in the country. The special thing is that he has also left behind Paytm CEO Vijay Shekhar Sharma in terms of assets. In this, the listing of his company in the stock market has a big hand.

Nykaa’s stock was listed last year. This stock was listed with a great premium. On Thursday, the price of Nykaa’s stock was Rs 1518, up 1.46 per cent at 10:30 am. Falguni Nair has now joined Hurun’s Global Rich List 2022.

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Ranked 579th in the Forbes list

In addition, he is ranked 579th in the Forbes Real-Time Billionaires List. Forbes has listed his net worth as $4.9 billion. With this, Nair’s net worth is now more than four times that of Paytm’s Chief Executive Officer (CEO) Vijay Shekhar Sharma. Sharma’s net worth is $1.1 billion. Paytm’s stock has fallen more than 70 percent in the last four months.

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Nykaa founded in 2012

Falguni, a former investment banker, founded Nykaa in 2012. After that Nykaa’s phone app got a lot of popularity. In November 2021, Nykaa got itself listed on the stock exchanges. Its shares were listed with a premium of 79 per cent. FSN E-Commerce Ventures is the parent company of Nykaa.

IPO came in October

Nykaa’s IPO came in late October last year. The company had fixed a share price of Rs 1125 in the IPO. The stock was listed on the stock exchange on November 11. This doubled the money of the investors on the day of listing. Its listing was done at a price of Rs 2213. But, after that the share prices have come down.

The first unicorn to be commanded by a woman

Nayaka is the first unicorn to be listed in the stock market, whose command is in the hands of a woman. It has a wide range of beauty and personal care products in its portfolio. It has also forayed into clothing under the name Nykaa Fashion. Thousands of influencers are associated with this brand. The beauty and personal care market of the country is growing rapidly. It is expected to double to Rs 2 lakh crore between 2020 and 2025.

Tags: Falguni Nayar, Forbes, Paytm’s Vijay Shekhar Sharma


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