On November 10, Falguni Nayar’s start-up FSN E-Commerce Ventures, the parent firm of beauty products retailer Nykaa and India’s first woman-led unicorn, made a debut on the stock exchange with its market valuation crossing the Rs 1 lakh crore ($13.47 billion) mark. The net worth of Nayar, who owns around 52.56% stake in the company, surged to US
$7.90 billion (around Rs 58,635 crore), making her the second richest businesswoman after Savitri Jindal of the O P Jindal Group.
Falguni Nayar defied all stereotypes, becoming India’s only second self-made woman billionaire after Biocon’s Kiran Mazumdar-Shaw,at the age of 52. Nayar’s story would hopefully inspire more women to become job creators, not just job seekers. Dismantling patriarchy requires many more such entrepreneurs to emerge, particularly from India’s small
towns and hinterlands.
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