Falguni Nayar joined the rarefied ranks of self-made billionaire girls this week as the sweetness startup she based went public and promptly doubled on its buying and selling debut. Now she’s encouraging extra girls 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 virtually $7 billion and India’s wealthiest self-made feminine billionaire, in accordance with the Bloomberg Billionaires Index.
“Ladies want to permit the highlight of their lives to be on themselves,” Ms Nayar stated in an interview after the buying and selling debut. “I hope extra girls like me dare to dream for themselves.”
Ms Nayar based her firm, which runs the e-commerce web site Nykaa, in 2012 after working in funding banking and guiding different entrepreneurs by means of the IPO course of.
Again then, most Indian girls 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 possibility in giving prospects straightforward on-line entry to high-end magnificence gadgets, full with tutorials and testimonials.
“India goes to be an enormous retail market,” Ms Nayar stated. “Indians will aspire for extra, their spending energy will develop and so they’ll more and more spend on way of life manufacturers and companies. Nykaa is in a superb place.”
(Aside from the headline, this story has not been edited by wantpassport employees and is printed from a syndicated feed.)