Top Three Women Entrepreneurs In India Who Made It To 500-Startups
Women all over the world have been proving their entrepreneurial skills. The scenario in India is no less different. Indian women are setting up successful startups with their groundbreaking ideas. They have come up strong and fearless to rule this male dominant entrepreneurial world. As per Nasscom, 50% more women joined startup ecosystem in India in 2015 over 2014.
Indian women have been spreading their wings in not only domestic markets but conquering international markets also. Here are inspiring stories of three women entrepreneurs of India who got noticed by 500-Startups, a California-based startup:
She is the founder of “Barns and Willows”. Its idea germinated in her mind when she was furnishing her new house in the US and found drapes and custom-made window treatments to be very expensive. She then began researching the reason behind the astronomical cost of the drapes in the US vis-à-vis India and figured out that there was a markup of as high as 250 times since there were multiple middlemen involved in the supply chain, right from the factory till they reached the US market. She finally decided to cut three to four layers of middlemen so that the markup could come down to 60 times.
Trisha started importing cotton from Tamil Nadu and linen from a factory in Belgium, which is customized in Delhi. Then, the products are directly shipped from India to a warehouse in California. She is not only offering drapes, throws, pillows and panels but is also offering a wide range of customized designs and services. Barnes and Willows fulfilled its first order in 2014 and is blooming with a monthly revenue of $50000 and a 45% growth in business.
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Rituparna was working in a consulting firm when she realized that small and medium retailers selling on multiple channels all over the world do not have the right tools to track their inventory. She, with other three co-founders, started working on the idea to develop a platform to track the inventory on multiple platforms using both offline and online mediums
They named their software Fulfil.IO that helped the retailers to have a detailed insight of their inventory whether it is being sold online, in stores or through third parties. A single dashboard can give details ranging from returns to store pick-ups to damaged inventory. It also has an integrated purchasing, manufacturing, shipping and accounting tool that streamlines overall business processes in one place instead of using multiple tools.
Within eight months, they are working with 20 clients with a monthly subscription of $1000 per month. Fulfil.IO was selected by 500-Startups which funded them with $125000.
Yosha had a novel idea that she could sell coupons on her website at competitive prices if she shared commissions from retailers with customers and that could be done by increasing the traffic to online e-commerce websites by becoming their affiliate. In 2014, she founded Lafalafa.com to transform her idea into a reality.
Yosha has always loved to take the lead, even as a child. While most of the coupons-only sites keep the affiliate commission to themselves, Lafalafa.com shares their commission with customers, which can be used for bank transfers, mobile recharge or online vouchers. Their mobile app has more than 4,00,000 downloads in the past 7 months. It has been associated with the top e-tailers like Flipkart, Shopclues, Snapdeal, etc.
According to a survey conducted by Global Women Entrepreneur Leaders Scorecard 2015 and sponsored by Dell Inc, India ranked at the bottom 3 out of 32 countries with just an overall score of 17 out of 100 for women entrepreneur leaders. However, with such inspiring stories, the women in India, who are nurturing dreams of taking the entrepreneurial route, will definitely benefit.
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