Beauty Retailer Nykaa Lists At $13 Billion, Making Founder Falguni Nayar India’s Richest Self-Made Woman

Beauty Retailer Nykaa Lists At $13 Billion, Making Founder Falguni Nayar India’s Richest Self-Made Woman

Falguni Nayar (C-L), managing director and CEO of Nykaa, an online marketplace for cosmetics and ... [+] apparel, along with her daughter Adwaita (C-R) attends the company's IPO listing ceremony at the National Stock Exchange in Mumbai on November 10, 2021. Veteran investment banker-turned-entrepreneur Falguni Nayar became the richest self-made woman in India after the stellar debut of cosmetics and fashion retailer Nykaa's parent FSN E-Commerce Ventures on Wednesday. The listing price of 2, 018 rupees, which is a whopping 79% premium to the issue price of 1, 125 rupees, gives the company a valuation of $13 billion. Nayar's 52. 6% stake held with her husband Sanjay Nayar, who heads American private equity firm KKR's India unit, and their twins, is worth $6. 8 billion Nayar, 58, who is the founder, managing director and CEO of Nykaa, was dressed in a resplendent red sari at today's listing ceremony at the National Stock Exchange in Mumbai. She became a billionaire in a pre-IPO private placement in June that valued Nykaa at $2. 3 billion, giving her a net worth of $1. 1 billion. The listing boost has made her the richest self-made woman in India, a title held until now by