Nykaa Founder Falguni Nayar to become billionaire with IPO: Report

Falguni Nayar, a former investment banker who founded Nykaa in 2012, may become a billionaire with the beauty unicorn's IPO. Nykaa is reportedly seeking a valuation of over $4 billion through its IPO. With the IPO, the value of around 50% stake owned by Nayar with her husband and their children could exceed $2 billion, according to Bloomberg.