Nykaa’s Falguni Nayar is now five times richer than Paytm’s Vijay Shekhar Sharma with personal assets worth USD 4.9 billion
Falguni Nayar enters the Hurun Global Rich List 2022 as the richest new entrant from India with personal wealth amounting USD 4.9 Billion. India added 51 new billionaires in the list.
Glass ceiling broken: Woman-led fashion unicorn Nykaa makes a robust debut at share market, market cap crosses Rs 1 lakh crore
The IPO of fashion e-tailer Nykaa was oversubscribed 82.42 during three days of its public share sale, and its market cap crossed Rs 1 lakh crore
Nykaa plans to use the proceeds from the Rs 5,300 crore IPO in expansion of its business operations, launching new retail stores and establishing new warehouses.