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Falguni Nayar, 56

Founder and CEO, Nykaa

Previous Rank : 25

A former investment banker with Kotak Investment Banking, Nayar has been at the top of her game in the past year. Her firm Nykaa, India’s largest online beauty retailer, has scaled up rapidly—its net revenue has grown from ₹214 crore in FY17 to ₹1,229 crore in FY19. Besides, she has managed to woo her investors as well. In April, Nykaa raised ₹100 crore in a Series E funding round—led by TPG Growth, an investment fund of U.S.-based private equity major TPG Capital. While many warned Nayar that niche verticals such as beauty may find it hard to survive in the online space, she has proved them wrong.