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Nykaa Founder Falguni Nayar Becomes Wealthiest Self-made Woman in India

Nykaa Founder Falguni Nayar Becomes Wealthiest Self-made Woman in India

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. After a blockbuster public listing, Nayar’s wealth rose more than that of Biocon’s Kiran Mazumdar-Shaw.

“With the successful listing of the beauty and wellness e-commerce platform Nykaa, Falguni Nayar overtakes ‘Biotech Queen’ Kiran Mazumdar-Shaw to become the richest self-made Indian woman in the IIFL Wealth Hururn India Rich List 2022,” the report mentioned.

Nayar is also the richest female in the country, followed by Rekha Jhunjhunwala of Rare Enterprises, the company incorporated by her husband and late veteran investor Rakesh Jhunjhunwala.

Falguni Nayar & family’s wealth rose Rs 30,000 crore during the year and her cumulative wealth increased 345 per cent and stood around Rs 38,700 crore, data suggested.

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