Falguni Nayar discussed the challenges she faced in building beauty and fashion retailer Nykaa, highlighting initial investor skepticism. She transitioned from investment banking to launch Nykaa ...
Nykaa’s founder and chief executive Falguni Nayar has become India’s wealthiest self-made female billionaire after the beauty ecommerce brand’s successful initial public offering (IPO).
Nayar now hopes to take advantage of India's expanding beauty market, growing at around 11% a year. Nykaa generated around $760 million in revenue for fiscal 2024, a 24% jump.
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