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KTR Says India’s First Self-made Woman Billionaire an Inspiration to WEHub Hyd
Nykaa’s founder Falguni Nayar has become India’s first self-made billionaire, according to Bloomberg Billionaire’s Index.
G
Guru Prasad
Hyderabad
Wed Nov 10 2021
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KTR Says India’s First Self-made Woman Billionaire an Inspiration to WEHub Hyd
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Nykaa is one brand platform that probably every Indian woman and young girl knows. In the past few years, it has become a go-to point for many to grab the best of cosmetics, both in the branded and lesser-known brand categories. You name it, and Nykaa has it all in the cosmetics category. Now, Nykaa’s founder Falguni Nayar has become India’s first self-made billionaire, according to Bloomberg Billionaire’s Index.


Her stocks made a strong stock market debut on Wednesday, and as Nayar owns half of Nykaa now, she is worth $6.5 billion as her shares surged by 89% when they started trading on November 10, 2021. FSN E-Commerce Ventures, which happens to be Nykaa’s parent entity, is India’s first woman-led unicorn to hit the stock exchange.



Taking to Twitter, the MA&UD minister of Telangana, KTR, applauded her on the achievement and said she was an inspiration to many young entrepreneurs @WEHub Hyderabad. He also went on to point out that India’s only women entrepreneurship hub was launched by the Telangana government.


Incidentally, Falguni Nayar is an alumnus of IIM Ahmedabad, and she started her career with AF Ferguson & Co. Nykaa acquired its first direct-to-consumer brand Dot & Key, a week before it announced its IPO.


Earlier, it acquired Pipa Bella and 20 Dresses, both of which have independent websites.


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KTR Says India’s First Self-made Woman Billionaire an Inspiration to WEHub Hyd
KTR Says India’s First Self-made Woman Billionaire an Inspiration to WEHub Hyd
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