Nykaa’s Falguni Nayar becomes India’s richest self-made woman billionaire

WHY IN THE NEWS?

• Falguni Nayar, the CEO and founder of beauty and fashion eCommerce platform Nykaa, has become the richest self-made woman in India. She founded Nykaa in the year 2012. She holds a 53.5% stake in Nykaa and has a net worth of USD 7.48 billion.
• This comes after the IPO of FSN E-Commerce Ventures which is Nykaa’s parent entity. This is also the first woman-led unicorn to list on the stock exchange.
• The issue size of the IPO of FSN E-Commerce Ventures (Nykaa) was Rs 5,351.92 crore with a face value of Rs 1 per share.