Nykaa’s Falguni Nayar, Latest Feminine Billionaire, Gives This Recommendation
Falguni Nayar based her corporate in 2012 after running in funding banking. (Report)
Falguni Nayar joined the rarefied ranks of self-made billionaire ladies this week as the wonder startup she based went public and promptly doubled on its buying and selling debut. Now she’s encouraging extra ladies to grasp keep watch over.
Ms Nayar runs FSN E-Trade Ventures Ltd, which raised Rs 53.five billion ($720 million) in its preliminary public providing and noticed stocks upward thrust 96% on its first day of buying and selling. That makes Ms Nayar, who owns about part of the corporate, value virtually $7 billion and India’s wealthiest self-made feminine billionaire, in line with the Bloomberg Billionaires Index.
“Ladies want to permit the highlight in their lives to be on themselves,” Ms Nayar mentioned in an interview after the buying and selling debut. “I am hoping extra ladies like me dare to dream for themselves.”
Ms Nayar based her corporate, which runs the e-commerce web site Nykaa, in 2012 after running in funding banking and guiding different marketers throughout the IPO procedure.
Again then, maximum Indian ladies purchased make-up and hair-care merchandise at group mom-and-pop shops the place the choice was once scanty and trials exceptional. She noticed a chance in giving consumers simple on-line get entry to to high-end attractiveness pieces, entire with tutorials and testimonials.
“India goes to be an enormous retail marketplace,” Ms Nayar mentioned. “Indians will aspire for extra, their spending energy will develop and they will increasingly more spend on way of life manufacturers and products and services. Nykaa is in a excellent position.”
(Excluding for the headline, this tale has now not been edited through TTN NEWS body of workers and is printed from a syndicated feed.)
