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Nykaa’s Falguni Nayar, Newest Female Billionaire, Offers This Advice

Falguni Nayar based her firm in 2012 after working in funding banking. (File)

Falguni Nayar joined the rarefied ranks of self-made billionaire ladies this week as the wonder startup she based went public and promptly doubled on its buying and selling debut. Now she’s encouraging extra ladies to grab management.

Ms Nayar runs FSN E-Commerce Ventures Ltd, which raised Rs 53.5 billion ($720 million) in its preliminary public providing and noticed shares rise 96% on its first day of buying and selling. That makes Ms Nayar, who owns about half of the corporate, price nearly $7 billion and India’s wealthiest self-made feminine billionaire, in accordance with the Bloomberg Billionaires Index.

“Women need to allow the spotlight of their lives to be on themselves,” Ms Nayar mentioned in an interview after the buying and selling debut. “I hope more women like me dare to dream for themselves.”

Ms Nayar based her firm, which runs the e-commerce website Nykaa, in 2012 after working in funding banking and guiding different entrepreneurs via the IPO course of.

Back then, most Indian ladies purchased make-up and hair-care merchandise at neighborhood mom-and-pop shops the place the choice was scanty and trials exceptional. She noticed a chance in giving clients straightforward on-line entry to high-end magnificence objects, full with tutorials and testimonials.

“India is going to be a huge retail market,” Ms Nayar mentioned. “Indians will aspire for more, their spending power will grow and they’ll increasingly spend on lifestyle brands and services. Nykaa is in a good place.”

(Except for the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)

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