Nykaa Founder Falguni Nayar Becomes India S Wealthiest Self Made Billionaire
The market cap of the beauty and fashion retailer hit an overall valuation of 1 trillion rupees in the first five minutes of trade, according to the Bloomberg news agency. Within an hour and a half, Nykaa’s market cap had already matched industry giants such as Britannia, Godrej, and IndiGo. While Nykaa has changed Indians’ outlook from making do with just a lipstick and kajal eyeliner, “we have a long way to go,” Nayar told Bloomberg ahead of the IPO....