In recent years, female entrepreneurs have been achieving greater levels of fame and success. This is because women are no longer constrained by traditional gender roles and are instead pursuing their dreams and goals.
In a country that is still very patriarchal in many ways, seeing women take charge of their lives and careers is inspiring. India has produced many outstanding female entrepreneurs who have overcome adversity to build successful businesses.
Women entrepreneurs are starting businesses at a rapid pace and are succeeding in a wide variety of industries. They are risk-takers and innovators, and they are motivated by a desire to make a difference. Their businesses are making a positive impact on the economy and their communities.
Women-owned businesses contribute nearly a quarter of India’s GDP and employ millions of people nationwide.
In terms of survival and profitability, female entrepreneurs are frequently more successful than their male counterparts. In fact, according to a recent study, women-owned businesses in India outperform men-owned businesses by 38%.
These women entrepreneurs are also role models for other Indian women. They demonstrate that women can be successful entrepreneurs and inspire other women to do the same.
There are numerous female entrepreneurs in India who are doing incredible work and making a difference in the lives of others.
Suggestions for Women Entrepreneurship Development
In a country like India, where women have been traditionally marginalized, entrepreneurship development schemes can play a key role in their empowerment. This will also help create employment opportunities for women, increase their access to resources and markets, and build their capacities and confidence.
Below are a few suggestions on how to develop women’s entrepreneurship:
1. Establish government and non-government support systems: To encourage women entrepreneurship, it is important to have government and non-government support systems in place. This could include things like taxation policies, financial assistance, and business incubators.
2. Promote women entrepreneurship through education and training: It is important to educate and train women on entrepreneurship so that they are aware of the opportunities available to them. This could be done through school programs, vocational training, and workshops.
3. Create a network of women entrepreneurs: A strong network of women entrepreneurs can provide support, advice, and mentorship. This can be achieved through online platforms, meetups, and events.
4. Media coverage: Positive media coverage can help to change the perception of women entrepreneurs and showcase the successes of women in business.
5. Increase financing options: Women entrepreneurs often face difficulties when it comes to accessing financing. It is important to increase financing options for women so that they can start and grow their businesses.
6. Flexible work arrangements: One way to encourage women entrepreneurship is to offer flexible work arrangements. This could include things like telecommuting, part-time work, and flexi-time.
7. Childcare support: Another way to support women entrepreneurship is to provide childcare support. This could involve on-site childcare, subsidies, and tax breaks.
8. Mentorship and mentorship programs: Mentorship can be extremely helpful for women entrepreneurs. Mentorship programs can connect women with experienced mentors who can offer advice and guidance.
9. Awards and recognition: Awards and recognition can help to encourage women entrepreneurship. This could include things like awards for the best female-led businesses, scholarships for women entrepreneurs, and public recognition.
10. Success stories and case studies: Sharing success stories and case studies can inspire other women to pursue entrepreneurship. This could be done through books, articles, blog posts, and social media.
As the world progresses, more and more women are taking the entrepreneurship route to success. Women entrepreneurship development is essential to provide equality in the business world.
Famous & Inspiring women entrepreneurs in India
Entrepreneurship was not always a popular trend in India, particularly among women. However, the tide is beginning to turn. With few options, the country’s female population is opting for entrepreneurship as a career.
It’s admirable how Indian women have shown courage in recent years to embark on the difficult path of entrepreneurship. The expansion of Indian women-led businesses is stunning because it comes from small towns and outlying villages as well as major urban areas.
Let’s look at some of the inspiring Indian women entrepreneurs who overcame challenges to pursue their dreams.
Aditi Gupta: The Co-founder of Menstrupedia
Aditi Gupta is the co-founder of Menstrupedia, a website and comic book that aims to break the taboo around periods and educate girls about their bodies.
She was born in India and, like many girls in her country, she was not properly educated about periods. This led to a lot of confusion and embarrassment when she got her first period at the age of 12.
Aditi was determined to make sure other girls did not have to go through the same experience. In 2012, she co-founded Menstrupedia with her husband, Tuhin Paul.
Menstrupedia is a fun and informative resource that covers everything from how periods work to how to deal with period cramps. The website has been translated into over 15 languages and the comic book has been distributed to over 1.5 million girls in India.
Their work is important not only because it breaks the silence around periods, but also because it empowers girls to take control of their own bodies.
Priya Paul– The chairperson of Park Hotel
Priya Paul is the chairperson of Park Hotel. She is also the daughter of Late Mr. Ashok Kumar Paul, the founder of The Park Hotels.
Under her leadership, The Park Hotels has acquired a reputation for being one of the best luxury hotel chains in India.
The Park Hotels are known for its modern and chic design, world-class facilities, and outstanding service. Park Hotels are present in major metropolitan cities across India, as well as in some of the most popular tourist destinations.
The Park Hotels has won numerous awards and accolades, including the ‘Best Luxury Hotel Chain’ at the Outlook-Traveler Awards, the ‘ 5 Star Hotel Chain of the Year’ at the ET Now-Business Traveler India Awards, and the ‘Best Hotel Group’ at the Lonely Planet India Travel Awards.
Falguni Nayar – The Founder of Nykaa
Falguni Nayar is an Indian businesswoman and the founder of Nykaa, one of India’s leading online beauty and wellness retailers.
After starting her career as an investment banker with Kotak Mahindra Bank, she ventured into entrepreneurship with the launch of Nykaa in 2012.
Under her leadership, Nykaa has grown to become a major player in the Indian beauty and wellness industry, with an extensive product range and a large customer base. Nayar is a strong advocate of women’s empowerment and has been instrumental in promoting Nykaa as a platform for women entrepreneurs.
She was honored with the “Woman Entrepreneur of the Year” award at the 2017 Femina Women Entrepreneur Awards. In 2018, she was named as one of the “100 Most Powerful Women” in India by Forbes magazine.
Nayar is a role model for aspiring women entrepreneurs and is an inspiration for all those who wish to build successful businesses in India.
Vani Kola – Founder, Kalaari Capital
Vani Kola has been an entrepreneur and investor in the Indian startup ecosystem since 2005. She is the founder of Kalaari Capital, one of India’s leading venture capital firms. Kola began her career as a software engineer at Infosys.
She then went on to co-found Indix, a big data startup that was acquired by Amazon in 2015. Kola has been recognized as a leading figure in India’s startup ecosystem and has been instrumental in the success of many Indian startups.
Kola has a B.Tech from the Indian Institute of Technology, Madras, and an MBA from the Indian Institute of Management, Bangalore.
Kola is also a well-known name in the Indian startup ecosystem. She is a mentor and guide to many young entrepreneurs. She has also been actively involved in policy-making around startup regulations in India.
She is a recipient of the prestigious Mother Teresa Memorial Award for Social Justice.
Radhika Ghai – Co-Founder, Shopclues.com
Radhika Ghai is the Co-Founder of Shopclues.com, an online marketplace for Indian sellers and buyers. She is also the Managing Director of the company.
Radhika has always been entrepreneurial, and she started her first business when she was just 19 years old. She then went on to work in the e-commerce industry for a number of years before starting Shopclues.com in 2011.
Shopclues.com is now one of the leading e-commerce platforms in India, and Radhika has played a key role in its success. Under her leadership, the company has raised over $200 million in funding and has grown to become a top player in the Indian e-commerce market.
Radhika is a strong advocate for women entrepreneurs, and she has been featured in numerous publications for her work in this area. She is also a frequent speaker at startup events and conferences.
Indra Nooyi – The board member of Amazon
Indra Nooyi is an Indian-American business executive, serving as a board member of Amazon since February 2020. She is the immediate past CEO of PepsiCo, a position she held from 2006 to 2018.
Born in Chennai, India, Nooyi moved to the United States at age 18 to study at Yale School of Management, from which she earned her MBA.
In October 2018, Nooyi announced her intention to step down as CEO of PepsiCo, and she officially stepped down on October 3, 2018, after 12 years in the role. She was succeeded by Ramon Laguarta.
Nooyi has been consistently ranked among the world’s most powerful women, and she was ranked #4 on Fortune’s 2018 list of the world’s greatest leaders. She has also been named one of Forbes’ 100 Most Powerful Women, Fortune’s Most Powerful Women in Business, and Bloomberg’s 50 Most Influential People.
Basudha Shrivastav: ExpressEarth Digital Services
Basudha Shrivastav is an Indian entrepreneur and the founder of ExpressEarth Digital Services, a digital marketing and web design company.
Basudha was born in Mumbai, India, and graduated from the University of Mumbai with a degree in computer science. After working in the IT industry for several years, she decided to start her own business in 2013.
ExpressEarth Digital Services offers a range of services including website design, SEO, social media marketing, and email marketing. The company has worked with clients from all over the world, including small businesses, startups, and large corporations.
Under Basudha’s leadership, ExpressEarth Digital Services has grown rapidly, and today it is one of the leading digital marketing companies in India. In 2017, the company was named one of the “Top 100 Best Startups in India” by The Hindu BusinessLine.
Types of women entrepreneurs
There are many reasons why different types of women entrepreneurs exist. Some women entrepreneurs are motivated by the desire to be their own boss and control their own destiny. Others are driven by the challenge of building a successful business from the ground up.
Still others are motivated by a passion for their product or service and the desire to make a difference in the world. Whatever the reason, women entrepreneurs are a vital part of the business world and the economy.
Checkout our previous blog on the 5 different types of women entrepreneurs depending on their field of business, management style and working approach.
If you’re a woman entrepreneur, know that you have what it takes to succeed.
You’re not alone; there are many other women who have made it big in the business world. Take a look at some of the most successful female entrepreneurs and be inspired by their stories. You can achieve anything you set your mind to.
So go out there and make your mark on the world!