Falguni Nayar: cosmetics selling India's richest self-made billionaire
Beauty Products in the country shows dominated by Naika (Nykaa). Also to be sold by cosmetics have moved on a great deal of choice. The founder of the famous retail chain Falguni Nayar's fortune rose $ 6.5 billion due to the strong increase in shares on the company on 10 November public.
Nayaka's dominance runs in beauty products across the country. The cosmetics sold by it have been quite liked. Falguni Nayar's founder of this famous retail chain has increased to 6.5 billion dollars due to a strong increase in shares when the company becomes public on 10th November.
The list came in the IPO
FSN E-Commerce Ventures Limited Share - Cosmetic Retail Chain NYKAA's operator, increased to 89% on November 10. FSN E-Commerce Ventures is a publicly first female-led startup (startup of more than $ 1 billion). The company raised 53.5 billion rupees ($ 722 million) in this IPO.
Founder Falguni Nayar is nearly half of the Nykaa, whose price is now approximately 6.5 billion dollars. According to Bloomberg Billions Index, it makes them India's richest self-made female billionaire. This exploitation has created a history. Seeing a woman achieving such achievement is very pleasing.
Majumdar Shaw achieved achieved
Boyocon Executive Chairperson Kiran Majumdar Shaw has congratulated him on this achievement of Falguni Nayar. Let Nayar has achieved this achievement by overwhelming Shaw. Shaw has tweeted greetings. Biocon's executive chairperson shaw wrote, "Nayaka's founder Falguni Nair has become the country's richest self-made female billionaire - a great start, congratulations, Falguni Nayar, you have increased the honor of women Enterprision".
The beginning of NYKAA in 2012
India's top investment bank was set up Nykaa in 2012 a few months ago due to 50 years old. At that time, most Indian women showed interest in buying make-up and care products. Miss Nayar has developed his startup as India's leading beauty retailer with more than 2,500 cosmetic brands. Nair has promoted online sales due to the introduction of more than 70 physical stores to experience Bollywood celebrities and actors and products. His effort was that his product reached all the people of the country.
NYKAA which sells the objects include: XFolory, skin care cosmetics, hundreds of lipsticks, and nail polish which match the color of the skin of the local people. According to IPO filing, the revenue of the retail chain in the financial year ending in March increased to 35% to $ 330 million. NYKAA is one of the few start-ups in the Internet market, which is profitable in the case of the IPO.
For the first time a woman's Unicorn List in the Indian Market
The parent company of Naika is the first such unicorn in the country launched by a woman who has been listed in the market. Unicorn means that the valuation touches the level of 100 million dollars (74.37 thousand crore rupees). Through the IPO, the Nayaka has raised Rs 5352 crore. Nayar started the Nayaka when he had left only a few months to be 50 years.
NYKAA changed make-up trend
The birth of NYKAA has changed the way to see the beauty of Indians, by wearing lipstick and eyeliner to pay more attention to sophisticated care and beauty. According to Bloomberg, the beauty market in India is still very young, so far 1.3 billion of users in the country have begun to open your wallet to buy makeup and beauty care products.
Nair has shares in two family trusts and cosmetics retail chain through seven other organizations. Daughter and son were doing had graduated from the prestigious Ivy League university, which Nayar Naika run business units.
