Falguni Nayar, the founder of the ecommerce platform Nykaa, has become India’s richest self-made woman, according to the IIFL Wealth Hurun India Rich List 2022. With a net worth of Rs 11,900 crore, Nayar has overtaken Biocon’s Kiran Mazumdar-Shaw to become the wealthiest self-made woman in India.
Nayar is a graduate of the Indian Institute of Management, Ahmedabad and has worked in the corporate world for more than two decades. She started her career at ICICI Bank and then moved to Kotak Mahindra Bank. In 2012, she left her job to launch Nykaa, an online beauty and wellness platform.
Nayar has been credited with revolutionizing the beauty and wellness industry in India. Nykaa has become one of the leading ecommerce platforms in the country, offering a wide range of products from top international and domestic brands. The company has also launched its own private label, Nykaa Luxe, which has become a popular choice among consumers.
Nayar’s success has been largely attributed to her focus on customer experience and her ability to create a loyal customer base. She has also been credited with introducing innovative marketing strategies such as celebrity endorsements and influencer collaborations.
Nayar’s success has been further bolstered by the company’s successful public listing in March 2021. The listing was oversubscribed by more than 150 times, making it one of the most successful IPOs in India. The listing has resulted in a surge in Nayar’s wealth, which has now surpassed that of Biocon’s Kiran Mazumdar-Shaw.
Nayar’s success is a testament to her hard work and dedication. She is an inspiration to aspiring entrepreneurs and a role model for women in business. Her success is a reminder that with the right attitude and hard work, anything is possible.