New Delhi: Indian e-commerce company for beauty and wellness products, Nykaa have been in the news for quite some time now. Nykaa founder Falguni Nayar has jolted the ranks of the world’s richest as she became India’s seventh woman billionaire and the wealthiest self-made billionaire.
As per AFP report, Falguni Nayar has now entered the world’s wealthiest and this is all because of Nykaa’s recent initial public offer that got listed on the day amid an ongoing IPO boom.
The Nykaa IPO has turned out to be a significant flux for the company and its investors. Bollywood divas Katrina Kaif and Alia Bhatt also happen to be two such investors who have remarkably profited from the IPO.
Katrina Kaif had invested in the brand when she had Kay Beauty back in October 2019. Kaif also brought stakes of the e-commerce company worth Rs 2.02 crore after her brand turned out to be a huge success.
Now, after success of Nykaa IPO, her investment has raised to Rs 22 crore since Wednesday’s closing.
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Meanwhile, Alia Bhatt have earned a bigger profit out of the total investment of Rs 4.95, that she had invested in July 2020. The Bollywood actor’s investment is now worth Rs 54 crore.
Nykaa founder Falguni Nayar is now worth about $6.5 billion as shares of the firm surged as much as 89%. Nykaa shares were being listed at ₹2,018 with around 80 per cent premium. As per reports, Nykaa’s market cap hit an overall valuation of 1 trillion rupees ($13.5 billion) in the first five minutes of trade.
With a start in early 2012, Nykaa launched its online portal Nykaa.com. Within a short span of 18 months, Nykaa became India’s no. 1 online destination for beauty products.
