Globally, India has always been recognized as the hub of entrepreneurship.
Did you know? 13.5-15.7 million women own various business ventures that directly
employ 22-27 million people. Thanks to their entrepreneurial spirit millions of
women are employed and this has contributed to the growth in contribution of
women to India's economic growth.
Indian women entrepreneurs have gained global recognition too with innovative and
disruptive business ideas;everyone today knows about Indian most recent women
entrepreneurs who attained billionaire status - Falguni Nayar, Founder of Nykaa .
There are many more success stories of women who continue to inspire
entrepreneurs and help drive India forward.
The Indian ‘her’ story
1. Falguni Nayar: She started Nykaa no prior experience. She wanted to provide
beauty products to women and men in the country onlinewhen Indians mostly relied
on smaller, neighbourhood stores to buy beauty products. With the launch of Nykaa,
National and International cosmetics and skincare products were just a tap away.
With a networth of almost USD 5 Billion Founder & CEO of the global retailer of
beauty products is an epitome of entrepreneurship.
2. Kiran Mazumdar Shaw: She belongs to the first generation of women
entrepreneurs and continues to lead her biotechnology firm, Biocon, to new heights.
One of India's richest self-made women, she founded India's largest listed
biopharmaceutical firm by revenue, in 1978. Today Biocon is a successful global
biotech player.
3. Aditi Gupta: The young author-cum entrepreneur co-founded Menstrupedia, a
disruptive business that addresses menstrual myths and taboos through
Menstrupedia. Her website publishes comics and blogs that educate and guide
people with scientifically accurate information on menstruation, a subject which .
Aditi is a Forbes India 30 Under 30 achiever and was named among BBC's 100 most
influential women in 2015.
4. Radhika Ghai: In July 2011, Shopclues, co-founded by Radhika Ghai, was the
thirty-sixth entrant in India’s already crowded ecommerce market. And by 2016, she
had defied all logic and ShopClues became India’s fourth unicorn and became the
first women-led unicorn. The entrepreneur in her continues; in 2021, Radhika
founded her second venture, kind life, a wellbeing ecommerce marketplace with a
community aspect.
5. Isha Choudhry: As the co-founder of ZoloStays, a co-living space model based
out of Bengaluru since 2015, Isha’s efforts have helped thousands of students across
India find affordable accommodation with wholesome food.
6. Upasana Taku: She co-founded Mobikwik, a virtual wallet connected to various
networks of enterprises and services. The first of its kind app in India gives
customers an all-in-one platform for recharges while giving rewards in the form of
SuperCash.
7. Meghna Agarwal: Her real-estate venture named IndiQube provides a flexible
infrastructure solution to entrepreneurs. The business model offers workspaces with
modern amenities to entrepreneurs who cannot afford commercial space while
paying for only the space they use.
Some interesting statistics
● The latest IWWAGE (Initiative for What Works to Advance Women and
GIRLS IN THE economy) study positioned India 70th out of the 77
participating nations in the Female Entrepreneurship Index.
● The glimmer of hope lies in that women-owned Indian business ventures are
en route to growing by 90% in the next five years, while those projections for
the US and UK are meagre 50% and 24%, respectively (EdelGive Foundation).
Want to become an entrepreneur? Here is what will help you stand out
and succeed.
● Follow an objective-centric business approach
● Build a strong professional network that includes industry leaders
● Focus on important tasks and transfer the rest to an efficient team
● Develop self-belief and keep upskilling at all times
● Complement fellow women entrepreneurs at times of need
It is a proud era for Indians as India is emerging as an epicentre of growth for women
entrepreneurs.
MLACW is proud to be among the elite women's education institutions and promotes
the entrepreneurial spirit as a part of the education curriculum!