Falguni Nayar loses $1 billion in a fortnight amid selloff in Nykaa shares

October 29, 2022

Nayar, who founded the e-commerce portal Nykaa in 2012 after a successful career as a top-notch investment banker, became a billionaire and India’s richest self-made woman last year after the unicorn’s blockbuster listing on stock exchanges. Falguni Nayar Family Trust holds a little over 22% stake in the company.

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