Ex-Banker Joins World’s Richest in Her Beauty Startup’s IPO
- Nykaa prices shares at the top end of a marketed range
- Nayar is India’s richest self-made female billionaire
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Falguni Nayar’s beauty startup has jolted her to the ranks of the world’s richest.
Nayar, who owns about half of Nykaa, is now worth almost $7 billion as shares of the firm nearly doubled on their trading debut Wednesday. She’s become India’s wealthiest self-made female billionaire, according to the Bloomberg Billionaires Index.