Nykaa's CEO and founder, Falguni Nayar's family wealth increased by a whopping $3.5 billion (or around Rs 26,868 crore) in a single day after her profitable internet commerce company made its stellar debut on the bourses. The 54-year-old ex-investment banker's company valuation soared to $13.5 billion, as per estimates put forth by brokerage firms Angel One and IIFL Securities. Angel One had earlier proposed a valuation $7 billion. Due to the average 96.3 per cent surge at which Nykaa's shares traded on the first day of listing, Nayar and her family trust offices -- which still retains over 50 per cent stake in Nykaa -- now have collective worth of over $7.

https://www.businesstoday.in/latest/in-focus/story/nykaa-ipo-falguni-nayar-and-her-familys-wealth-rises-by-35-billion-in-a-single-day-311854-2021-11-10

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