Nykaa founder Falguni Nayar became India’s seventh woman billionaire and the wealthiest self-made billionaire in an ongoing initial public offering (IPO) boom.
The market cap of the beauty and fashion retailer hit an overall valuation of 1 trillion rupees ($13.5 billion) in the first five minutes of trade. It’s market cap had already matched industry giants such as Britannia, Godrej, and IndiGo.
Nykaa is India’s first unicorn startup headed by a woman and was founded by Falguni Nayar in 2012, selling beauty and personal care products via its mobile app and website.
New Zealand entered the final of the ICC T20 World Cup with a five-wicket win over England in a thrilling first semifinal in Abu Dhabi.
Chasing 167 to win, Daryl Mitchell anchored the innings with a sensational unbeaten 72 off 47 balls, while Devon Conway scored a 38-ball 46. James Neesham smashed 27 off 11 runs to play a crucial role in the chase.
England posted 166 for four riding on Moeen Ali’s 51 not out and some useful contributions from Dawid Malan (42), Jos Buttler (29) and Liam Livingstone (17).