The Delightful Turn of Event:
In July 2022, Falguni Nayar surpassed the net worth of Biocon's Kiran Mazumdar Shaw. Now, Falguni Nayar is the wealthiest self-made woman in India with a net worth of INR 57,520 crore. Moreover, her company Nykaa saw a growth of 33% in the June quarter. Falguni was hopeful about seeing a gain in profit due to the festive season. Simultaneously, Nykaa acquired the digital lifestyle platform Little Black Book. It was an all-cash deal between the two online shopping platforms. However, the amount of deal has not been disclosed. Falguni Nayar stated that Nykaa is growing exponentially in the online and offline markets. As a result, the company aims to build efficiencies across the value chain.
Falguni Nayar is an Indian businesswoman and entrepreneur. She is the founder and CEO of Nykaa. Nykaa is an e-commerce platform that sells beauty, fashion, and wellness products. In 2020, it became the first Indian unicorn company headed by a woman. Soon after launching Nykaa, Nayar became the wealthiest female Indian billionaire. She is India's second self-made female billionaire. Her net worth is around 430 crores USD. In addition, Nayar is also among the top 20 wealthiest people in India. She is an inspiration to women all over the country. Here's her success story.
Early Life and Career
This story is from the August 2022 edition of Food & Health.
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This story is from the August 2022 edition of Food & Health.
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