Falguni Nayar gets her turn as billionaire startup CEO with Nykaa IPO

For years, Falguni Nayar guided the founders of Indian companies through roadshows in Europe and the US as they made their way to stock market debuts. Now the former investment banker is steering her own startup to an historic initial public offering.

Nykaa, her brainchild, has grown into India’s top e-commerce site for beauty products, with the endorsement of Bollywood stars and a fervent following among twenty-somethings. The startup, formally known as FSN E-Commerce Ventures Ltd., filed preliminary documents late Monday for an initial public offering, which Bloomberg News has reported could value the business at more than $4 billion.