5 ENTREPRENEURS OF THE MONTH
Let us look at the list of 5 trailblazing women entrepreneurs in India that leave no stone unturned
1 . Falguni Nayar – Founder and CEO of Nykaa
Falguni Nayar never had to worry about such expectations.
She launched Nykaa at the age of 49 after an illustrious corporate career spanning over two decades.
Growing up in a business environment encouraged by her determined father, Falguni Nayar learned the ins and outs of business and networking at an early age.
After cementing her professional career with Kotak Mahindra Group, she kickstarted her second innings in 2012 by creating an e-commerce platform selling women’s beauty products.
With a workforce mostly employing women, Nykaa steadily built its presence not only as a leading e-commerce platform but also with 80+ physical stores across 38 cities. With hosting 2000+ brands and establishing in-house labels, it soon hit another milestone.
Nykaa’s IPO was oversubscribed nearly 82.5 times expanding its market cap to 1.05 lakh crore INR and hence making Nayar a self-made billionaire.
She claims this would have had been impossible without the relentless support of her children, husband, and family.
2 . Kiran Mazumdar Shaw – Founder of Biocon India
Kiran Mazumdar-Shaw experienced similar prejudices back in 1978 at the age of 25 when she started her enzyme manufacturing company, Biocon. Yet her grit and resilience to prosper made her acquire a small loan from Canara Bank set up a small team, and start developing bio enzymes. Thorough knowledge of fermentation, thanks to her experience working in Australia, helped are get better at R&D and scale efficiently. In 1998, she took a huge leap after entering the pharmaceuticals industry with products like statins, insulin, immuno-suppressants, or monoclonal antibodies. Eventually, Mazumdar-Shaw expanded her venture not only in terms of products but also production capacity. In 2004, Biocon’s IPO was oversubscribed 33 times with a market valuation of $1.11 billion, becoming the second Indian company to cross the $1-billion mark on the first day of listing.
Mazumdar-Shaw is also a recipient of numerous accolades including the Othmer Gold Medal and was listed as the 68th most powerful woman in the world by Forbes in 2019.
3 . Radhika Ghai – Co-Founder of Shopclues
The E-commerce industry is full of male-dominated giants like Amazon, Flipkart, Snapdeal, and many more. To be the only female entrepreneur making a place among them was nothing short of thrilling for Radhika Ghai, Co-founder, of Shopclues.
While pursuing her MBA in the USA in 2012, Radhika was wished to explore the e-commerce set up in India. After relentless encouragement from her partner Sandeep, she moved back to the country only to compete against major e-commerce platforms. Not to mention shaking off the uncertainty with the arrival of Amazon.
With very little capital in hand as compared to her competitors, Radhika along with Sanjay Sethi established Shopclues as a platform connecting buyers and merchants.
Radhika is currently the Founder and CEO of Kindlife, a new age beauty and wellness platform that hosts 150+ curated brands across beauty, nutrition, and home care.
4 . Vani Kola – Founder of Kalaari Capital
Vani Kola knows the best about managing both the former and the latter.
After an acclaimed entrepreneurial career spanning over two decades, Vaani came back to India in 2006 after achieving her ambitions in the Silicon Valley. She wished to explore the venture capitalist market and learn more about the start-up ecosystem in the country. But the scenario was quite uncertain and stale.
After extensive market research, Vani started noticing signs of promising start-ups that could shape the future and help her build remarkable assets.
After four years of operations, she decided to go solo and rebranded the firm as Kalaari Capital. Today, under the leadership of Vani, the firm has over 200 assets under it with total capital raised of USD 740 million.
Being awarded as India’s ‘Most Powerful Women in Business’ by both Forbes and Fortune magazines, she is known as the ‘Mother of Venture Capitalism in India’.
5 . Suchi Mukherjee – Founder and CEO of Limeroad
Suchi Mukherjee came across the idea of a social fashion retail platform while she was expecting her second child in London. Soon after his birth, she moved back to India by herself in 2011 to bring her entrepreneur idea to fruition.
Apart from the initial business challenges setting infrastructure, bank processes, company filings, and much more, Suchi had to travel once every month to visit her children and husband back in London.
Yet her experience working with eBay, Skype, and Virgin Media only instilled in her wisdom that wasn’t going to deter easily. After acquiring her initial capital of USD 5 million dollars, Suchi launched Limeroad in 2012 along with her partners, Prashant Malik and Ankush Mehra.
Today, it has a total valuation of USD 51.9 million and a 50,000+ strong women community creating their own mix-and-match designs based on products in the platform’s catalog.