Meet Nykaa Founder Falguni Nayar,a self-made billionaire who started at 50 with no experience in Beauty Industry
Nykaa founder Falguni Nayar has grown to be India's wealthiest self made female billionaire. Nayar who owns about 50 % of Nykaa is currently worth 6.6 billion dollars as shares of the company surged about 89 for per cent whenever they began trading on Wednesday. This will come on exactly the same working day Nykaa opened with investment of Rs 2,001 to the Bombay Stock Exchange (BSE), up 78% from their concern price of Rs 1,125 for each share. In the meantime, the shares of the e-commerce beauty giant around the National Stock Exchange (NSE) is opened for investing at Rs 2,018, up 79 percent from the issue price. The market cap with the beauty and fashion retailer hits an overall valuation of 1 trillion rupees in the very first five minutes of trade. As the organization's shares shot up within the start of five minutes of trade, Nayar stated: "I hope the Nykaa journey - an Indian-origin, Indian-owned and Indian-managed aspiration-arrive-true - can inspire eve...