Nykaa founder Falguni Nayar is now India's wealthiest self-made female billionaire | The Business Standard
Skip to main content
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Tuesday
June 17, 2025

Sign In
Subscribe
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
TUESDAY, JUNE 17, 2025
Nykaa founder Falguni Nayar is now India's wealthiest self-made female billionaire

South Asia

Hindustan Times
10 November, 2021, 02:40 pm
Last modified: 10 November, 2021, 04:56 pm

Related News

  • Super-spicy noodles make former stay-at-home mom a billionaire
  • Billionaires' wealth more than doubles in 10 years: UBS
  • Who are the billionaire Indian Hinduja family who are accused of human trafficking?
  • Sea billionaire's wife to buy Singapore mansion for $31 million
  • Taylor Swift joins world's richest on Forbes billionaire list

Nykaa founder Falguni Nayar is now India's wealthiest self-made female billionaire

Nykaa, India's first unicorn startup headed by a woman, was founded by Falguni Nayar in 2012, selling beauty and personal care products via its mobile app and website

Hindustan Times
10 November, 2021, 02:40 pm
Last modified: 10 November, 2021, 04:56 pm
Falguni Nayar, founder and CEO of Nykaa. Photo :Hindustan Times
Falguni Nayar, founder and CEO of Nykaa. Photo :Hindustan Times

Nykaa founder Falguni Nayar on Wednesday became India's seventh woman billionaire and the wealthiest self-made billionaire in an ongoing initial public offering (IPO) boom which saw the e-commerce giant making a blockbuster debut on Dalal Street, its parent company FSN floating on the Mumbai stock exchange.

Moments after the markets opened on Wednesday, Nykaa shares were being listed at ₹2,018 with around 80 per cent premium. According to the Bloomberg news agency, the market cap of the beauty and fashion retailer hit an overall valuation of 1 trillion rupees ($13.5 billion) in the first five minutes of trade. Within an hour and a half, Nykaa's market cap had already matched industry giants such as Britannia, Godrej, and IndiGo.

Nykaa, India's first unicorn startup headed by a woman, was founded by Falguni Nayar in 2012, selling beauty and personal care products via its mobile app and website. Eight years later, the 58-year-old Nayar has joined only six other Indian women billionaires, as she joined the ranks as the wealthiest self-made billionaire. At the listing ceremony on Wednesday, Nayar said, "I hope the Nykaa journey – an Indian-born, Indian-owned, and Indian-managed dream-come-true – can inspire each of you."

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Nykaa (the Sanskrit word for actress) quickly became popular with young tech-savvy Indians – predominantly women – who preferred the wide selection of brands compared with what was on offer at their local shops. "The best part about Nykaa is that it lets me access so many global brands that had never been sold in India before," said 30-year-old loyal customer Sanaeya to the AFP news agency.

Moreover, as Nykaa's popularity grew, so did its brand appeal, with top Bollywood actors such as Katrina Kaif, and other social media influencers and celebrities helping the e-commerce platform break new ground in skincare and makeup carts of tech-savvy Indian women. The brand has also manufactured its own in-house brand of products since 2015 and recently began selling clothes and household products. It has a growing high street presence with 80 stores across 40 Indian cities.

Top News / World+Biz

Nykaa / Falguni Nayar / billionaire

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Representational image/Collected
    Foreign companies to be able to take loans in taka at same rate as domestic companies
  • BNP leader Ishraque Hossain gives speech to his supporters in the capital's Nagar Bhaban on Tuesday, 17 June 2025. Photo: Focus Bangla
    Would've taken the mayor's chair by now if oath-taking wasn't mandatory by law: Ishraque
  • Logo of the Bangladesh Jamaat-e-Islami. Photo: Collected
    Jamaat skips Consensus Commission dialogue

MOST VIEWED

  • Former Bangladesh High Commissioner to the UK Saida Muna Tasneem. Photo: Collected
    ACC launches inquiry against ex-Bangladesh envoy Saida Muna, husband over laundering Tk2,000cr
  • Infograph: TBS
    Ship congestion at Ctg port lingers as berthing time rises
  • BNP leader Ishraque Hossain held a view-exchange meeting with waste management officials and Dhaka South City Corporation staff inside Nagar Bhaban on 16 June 2025. Photos: Hasan Mehedi
    Ishraque holds Nagar Bhaban meeting as 'Dhaka South mayor', says it’s people’s demand
  • Power Division wants Tk56,000cr PDB loans turned into subsidy
    Power Division wants Tk56,000cr PDB loans turned into subsidy
  • Bangladesh to open new missions in five countries to boost trade, diplomacy
    Bangladesh to open new missions in five countries to boost trade, diplomacy
  • Screengrab from the viral video showing a man claiming to be a journalist conducting a room-to-room search at a guesthouse in Chattogram
    Viral video of guesthouse raid by 'journalist' in Ctg sparks outrage, legal questions

Related News

  • Super-spicy noodles make former stay-at-home mom a billionaire
  • Billionaires' wealth more than doubles in 10 years: UBS
  • Who are the billionaire Indian Hinduja family who are accused of human trafficking?
  • Sea billionaire's wife to buy Singapore mansion for $31 million
  • Taylor Swift joins world's richest on Forbes billionaire list

Features

The GLS600 overall has a curvaceous nature, with seamless blends across every panel. PHOTO: Arfin Kazi

Mercedes Maybach GLS600: Definitive Luxury

1d | Wheels
Renowned authors Imdadul Haque Milon, Mohit Kamal, and poet–children’s writer Rashed Rouf seen at Current Book Centre, alongside the store's proprietor, Shahin. Photo: Collected

From ‘Screen and Culture’ to ‘Current Book House’: Chattogram’s oldest surviving bookstore

1d | Panorama
Photos: Collected

Kurtis that make a great office wear

3d | Mode
Among pet birds in the country, lovebirds are the most common, and they are also the most numerous in the haat. Photo: Junayet Rashel

Where feathers meet fortune: How a small pigeon stall became Dhaka’s premiere bird market

5d | Panorama

More Videos from TBS

Why Did Delhi Not Condemn Israel’s Strikes on Iran?

Why Did Delhi Not Condemn Israel’s Strikes on Iran?

50m | TBS World
Khamenei's death key to ending hostilities: Netanyahu

Khamenei's death key to ending hostilities: Netanyahu

1h | TBS World
Beijing’s bomb count rises; what’s the real number?

Beijing’s bomb count rises; what’s the real number?

2h | Others
UN rights chief warns against changes to party ban law in Bangladesh

UN rights chief warns against changes to party ban law in Bangladesh

3h | TBS Stories
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net