News of the day | Nykaa | UnboxingStartups Podcasts

Veteran investment banker-turned-entrepreneur Falguni Nayar, whose beauty retailer Nykaa is poised to launch its IPO, has become India’s newest billionaire. In June, a pre-IPO private placement valued Nykaa at $2.3 billion, putting Nayar in the three comma club with an estimated net worth of $1.1 billion.