Falguni Nair, CEO and founder of beauty e-commerce chain Nykaa, recently became richest self-made female billionaire His company’s shares got a great response on Dalal Street when it got listed on the markets. According to an AFP report, Nair is now one of the world’s richest men, which was backed by Nykaa’s recent initial public offering Which got listed on that day amid the ongoing IPO boom across the country. With this achievement, Falguni Nair joins only six other Indian female billionaires in the Bloomberg Billionaires Index. The 58-year-old, who owns nearly half of Nykaa’s shares, is now valued at $6.5 billion in his company’s shares, up 89 percent, according to a Bloomberg report.
On Wednesday, November 10, FSN E-commerce, the parent company of Nykaa, became the first female-led unicorn to debut on the stock market in India. Nykaa shares had a great opening that day on Dalal Street.
“I started Nykaa at the age of 50 without any experience. I hope the Nykaa journey can inspire each of you to become the hero of your life,” Nayar said before listing Nykaa on the National Stock Exchange. Starting a business at 50. Prior to launching Nykaa in 2012, the entrepreneur boasts of a 19-year long career with the Kotak Mahindra Group, retiring as one of the top executives in its investment banking wing. His roots, which begin upon graduating from IIM Ahmedabad, are perhaps what makes Nair such a good investor – debunking all the myths of the age as the turning point in life’s journey.
Here are four lessons investors can take from Falguni Nair’s career:
have a plan
It is always advisable for an investor to go ahead with a plan. Falguni Nair had imposed a deadline on herself, where she planned to launch something of her own by the age of 50 – and Nayaka became the fruit of that tree. Throughout her life, she has made calculated choices – growing up in a family that was interested in stocks, going to a business school, spending 19 years at a company where her career was on an upward trajectory. and finally choosing an area that was unheard of. done in India. Therefore, investors should do their research before making any investment.
take advice from everyone but follow your heart
After starting her company, Nykaa, in an interview, Falguni Nair gave a piece of advice to all those who want to launch their own startup. “I hope more women like me dare to dream for themselves,” she said. Nykaa came about in 2012, at a time when everyone would go to their local mom-and-pop store to buy makeup and choose from three or four brands. Nayar dared to break that chain, and years later Nykaa sells over 30,000 products from over 300 different brands on its platform as well as brick-and-mortar stores.
More risk, more rewards? Sometimes
Falguni Nair took a leap of faith after leaving Kotak after spending 19 years in various positions in the company. Months before she turned 50, she took the risk of launching a startup that had never been thought of in India and had no prior setting in the country. Just as an online beauty platform was something new in the country 10 years ago, cryptocurrencies are in their early stages as of the present day. Investing in crypto coins might sound like a risk right now, but it has the potential to make you a billionaire – just like Falguni Nair – given its global performance in recent months.
Choose growth and profitability
In an interview with Moneycontrol a few days back, Nair said, “Industries like ours- beauty and fashion commerce are at a very early stage of development and it leaves a lot of room for growth from here on out. And, investors believe that, as sales increase, profitability will multiply due to economies of scale…
Thus, in his words, it is important to choose both growth and profitability when it comes to investing, and you have to be careful about it.
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