Nykaa founder Falguni Nayar becomes India’s wealthiest self-made woman billionaire with a net worth soaring to $6.5 billion, as shares of the firm surged as much as 79 percent when they started trading on November 10, according to the Bloomberg Billionaires Index. FSN E-Commerce Ventures, Nykaa’s parent entity, is India’s first women-led unicorn to hit the stock exchange. Nayar, a former investment banker, turned entrepreneur just a few months before turning 50. She launched the e-commerce platform in 2012, selling beauty and personal care products through its mobile app and website. Nayar has outpaced Biocon founder Kiran Mazumdar-Shaw in terms of assets to become the second wealthiest women in India. Let’s take a look at the top five billionaire women in India and their net worth as on November 11 by Forbes.
