Lead Story

The Real Nykaa

How Falguni Nayar turned a beauty and fashion e-commerce platform into the only profitable unicorn to be listed in India and, in the process, also became India’s richest self-made woman billionaire is one spectacular tale

Falguni Nayar is a woman of few words. Her Twitter account, which has just one tweet posted nine years ago about Nykaa going live, is proof enough. She is someone who probably believes that actions speak louder than words. And her actions have been loud enough to break the glass ceiling and stereotypes — not just once.