New Delhi: Eight-year-old Falguni Nayari, CEO and Special Beauty Founder and Nykaa Personal Care Platform, now is the richest female billionaire in India.
He called it stopped at the peak of his career as an investment banker and built his own beauty empire that today crossed Rs 1 Lakh Crore in market capitalization on the list debut.
FSN E-commerce Ventures, Nykaa Parent Entity, is the first unicorn woman led to reach the stock exchange.
Nykaa’s shares jumped as much as 89% in the morning trade on Wednesday, assessing Nark’s wealth at $ 6.5 billion.
Founder of Nykaa and CEO have just joined another six billionaires in India.
Apart from Nargging, Kiran Mazumdar-Shaw (Biocon) and Divya Gokulnath (BYJU’s) is the only homemade billionaire.
Read the Close of the Alsonykaa Market Crossing RS 1 Lakh Crore: Should Investors Order Profits? IPO NYKAA has received a star response from institutional and retail investors has around 51 percent of shares in Nykaa, with her husband and their twins.
He will continue to have a majority shares along with his family after the IPO.
A graduate of the Indian Institute of Management, Ahmedabad, he spent more than 18 years in the Mahindra Capital Co.
box.
He went in 2012 when he was 50 years old to pursue his dream.
At that time, his children went to college in the US.
Utilizing the scope of beauty and skin care products online, he directs himself to Nykaa, and exits is a platform that creates history with his arrival.
Nykaa was founded in April 2012.
This was followed by the soft launch of the Beta website in November 2012, and commercial marketing in April 2013.
Nykaa now is a profitable Indian Startup India to take the IPO route.
Falguni Narggun also served on various corporate boards, including Tata Motors Limited and Aviva Life Insurance Company India Limited at this time, it functions as independent in various companies including, Securities Limited and Dabur India Limited boxes.
He has won many awards, including ‘EY Entrepreneurs 2019 – Start’ by Ernst and Young and ‘Women’s Women’s Entrepreneurs’ at the Economic Times Award for Corporate Advantages, 2019.
Narggles are also registered as one of the forces of Asia Businesswomen, 2019 by Forbes Asia and Named as a ‘business business this year’, 2019 by Vogue India.
Nargging met her husband Sanjay Nark in a business school.
He is now the CEO of the Global Investment Company of India, and specializes in IPO.
Anchit, his son who graduated from Columbia University in the US, runs a beauty e-commerce business, while Putri Adwaiti, with MBA from Harvard Business School, operates vertical fashion.
Nykaa’s story is not a phenomenal shortage.
The company has grown more than 100% in the year for the past three years.
Today, the NYKAA portfolio covers more than 1,500 brands in makeup, skin care, hair care, fragrances, bath and body, luxury products and health for women.
Seeing the potential of luxurious beauty in India, Nykaa is the first to make luxury beauty brands available online.
Nykaa also led the Korean beauty phenomenon in India, launched a leading K-Beauty brand.
It has prepared a Luxe store and the Luxe Store mode on the application for luxury and prestige products.
This bespoke service has caused several global luxury brands such as Charlotte Tilbury, Huda Beauty, Mario Badescu, Pixi and Tangle Teezer to allow Nykaa to import, launch and sell their products to consumers in India.
The company has even opened 68 brick stores and mortars in this country.
Nykaa posted an income of 1,860 crore rs at FY20, making it the only beneficial unicorn that will be general.
Ratification of influencer social media and celebrities has helped cement nykaa popularity when fighting like a giant like Amazon and Flipkart.
Today the NAYARAR positions Nykaa as a platform for women’s empowerment.
Only last month, the company launched a new film campaign that celebrated the lifting stories of six women from varying backgrounds, each with their own challenges and struggles.