Falguni Nayar, Newest Female Billionaire, Has This Tip For Other Founders
NDTV
Falguni Nayar's company FSN E-Commerce Ventures Ltd, which runs the e-commerce site Nykaa, raised Rs 53.5 billion in its initial public offering and saw shares rise 96% on its first day of trading.
Falguni Nayar joined the rarefied ranks of self-made billionaire women this week as the beauty startup she founded went public and promptly doubled on its trading debut. Now she's encouraging more women to seize control.
Ms Nayar runs FSN E-Commerce Ventures Ltd, which raised Rs 53.5 billion ($720 million) in its initial public offering and saw shares rise 96% on its first day of trading. That makes Ms Nayar, who owns about half of the company, worth almost $7 billion and India's wealthiest self-made female billionaire, according to the Bloomberg Billionaires Index.
"Women need to allow the spotlight of their lives to be on themselves," Ms Nayar said in an interview after the trading debut. "I hope more women like me dare to dream for themselves."
Ms Nayar founded her company, which runs the e-commerce site Nykaa, in 2012 after working in investment banking and guiding other entrepreneurs through the IPO process.