Falguni Nair, the founder and CEO of Nykaa, a company involved in the IPO of last year, has seen a tremendous increase in wealth. Falguni Nair’s wealth is 5 times more than that of Paytm founder Vijay Shekhar Sharma and he is ranked 579 in the list. On the other hand, Paytm’s Vijay Shekhar Sharma has a net worth of just $1.1 billion. Right now he has reached 2387 rank, which was 1362 last year.
IPO was launched in November: Let us tell you that the IPO of Paytm and Nykaa was launched in November 2021 itself. While Nykaa’s IPO gave tremendous returns to investors after listing, Paytm’s IPO gave investors a pauper. The issue price of Paytm is Rs 2150, the level at which the company’s stock has not reached yet. On the other hand, if we talk about the share of Nykaa, then it went up to the level of Rs 2,574.0, which is more than double the issue price.
According to the Forbes Real-Time Billionaires List, Falguni Nair’s net worth is around $5 billion. Meanwhile, former banker Falguni Nair quit her job in 2012 to start Nykaa, a retailer of beauty products.
Read this-Maruti’s share price will go up to Rs 9500, price increased by Rs 200 in just one day
Major investors in Nykaa include US private equity giant TPG Growth as well as billionaires Harsh Mariwala and Harry Banga. The company sells more than 1,350 beauty and personal care brands online and through its network of stores across the country.