Falguni Nayar

Falguni Nayar founded Nykaa, an Indian beauty retailer, in 2012, quitting her job as a banker for Kotak Investment Banking to launch her startup. Nykaa went public in 2021, making Nayar both the first female founder to list an Indian startup valued at over $1 billion and the country's richest self-made woman. Nayar now hopes to take advantage of India's expanding beauty market, growing at around 11% a year. Nykaa generated around $760 million in revenue for fiscal 2024, a 24% jump.