With the rise of female-led businesses, Indian women entrepreneurs are shaping India’s future
In recent years, India has seen a steady increase in the number of female entrepreneurs. To start their enterprises, these women are defying gender norms and conventional wisdom. Indian businesswomen are making their marks in a variety of industries and bringing a new perspective to the entrepreneurial scene. Indian women entrepreneurs are generating innovation and adding value across a range of industries, from e-commerce to software firms.
They are not only influencing India’s future but also encouraging other women to follow their ambitions thanks to their entrepreneurial drive. The rise of female-led businesses is paving the road for a more varied and inclusive corporate environment in the nation.
According to a report from the Ministry of Skill Development and Entrepreneurship, there were 20% more women business owners in India in 2018 than there were in 2014. Women are being empowered by the trend of female-led businesses, which is also boosting the nation’s economy.
The availability of finance choices and government backing is one of the factors contributing to this increase in women entrepreneurs. Many programs, including Stand-Up India and MUDRA Yojana, have been introduced to help and support female entrepreneurs financially. In addition, a lot of organizations give female business owners networking and mentoring opportunities to assist them to expand their enterprises.
Women are becoming successful business owners in a variety of industries, including e-commerce, tech companies, healthcare, and education. Falguni Nayar, the creator of Nykaa, an online retailer of beauty products, is one of the most prosperous women business owners in India, for instance. Nykaa, which she founded in 2012 with a team of 20 people, is now a well-known brand and is valued at more than US$1.2 billion.
Similarly to this, Richa Kar, the owner of the online lingerie retailer Zivame, launched her company in 2011 to give women a quick and comfortable purchasing experience. Today, Richa serves as an example for many aspirant female business owners, and Zivame has established itself as a top lingerie brand in India.
In addition to e-commerce, women entrepreneurs are making an impact in the technological sector. For instance, Aditi Avasthi, the creator of the edtech platform Embibe, established her company in 2012 to revolutionize the Indian educational system. Embibe employs artificial intelligence to personalize learning. Embibe currently has more than 10 million users and has raised more than US$70 million in funding.
The healthcare sector is seeing a rise in female entrepreneurs. For instance, Kanika Tekriwal, the creator of JetSetGo, a private jet charter firm, launched her enterprise in 2014 to ensure that everyone could travel by private jet. Kanika has emerged as an inspiration for several female business owners in the aviation sector, and JetSetGo has grown to become a major private jet charter provider in India.
Women entrepreneurs not only build prosperous enterprises but also contribute to the social and economic advancement of the nation. For instance, Revathi Roy, the creator of HeyDeedee, a service for women who carry last-mile packages, founded her company to empower women by giving them economic possibilities. Over 5,000 Indian women now have work options thanks to HeyDeedee, and Revathi is an inspiration to many other women who want to launch their businesses and change the world.
Women are being empowered by the rise of women-led businesses, which is also boosting the nation’s economy. Women entrepreneurs are boosting innovation, generating jobs, and boosting the GDP of the nation. According to a report by the International Labour Organization, India’s GDP may increase by US$770 billion by 2025 if women’s involvement in labor rises by 10%.
Additionally, women-led businesses support gender equality and undermine societal patriarchal standards. It disproves the myth that women are unable to launch and manage prosperous enterprises.
In conclusion, women business owners are fundamentally influencing India’s destiny. To create their businesses, they are defying gender norms and pushing the envelope. Entrepreneurship by women is fostering innovation, boosts the economy, and empowers women. The future is promising for women entrepreneurs in India because of the funding possibilities and backing from the government.