Nykaa Founder Becomes India’s Wealthiest Self-Made Female Billionaire

Mumbai, 10/11: Falguni Nayar, the chief of the first woman-led unicorn to go public in India, has become the country’s richest self-made female billionaire with a net worth soaring to $6.5 billion.

Shares of FSN E-Commerce Ventures, which runs the online marketplace for beauty and wellness products Nykaa, listed with a massive premium of over 79 percent against an issue price of Rs 1,125 on November 10.


Nayar, who has pipped Biocon founder Kiran Mazumdar-Shaw in terms of assets, is now the second wealthiest woman in India after Savitri Jindal, the chairperson of OP Jindal group, who has a net worth of $12.9 billion.

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