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Mumbai, the city of dreams is home to some great stories of beating the odds. These women entrepreneurs in Mumbai are doing exactly that!
Beating all the odds, a lot of women in India are foraying into entrepreneurship. As per a 2015 report released by BNP Paribas, covering the US, Europe, Middle East and Asia, India ranks as the most active country for women entrepreneurs. Astonishingly, 49% of entrepreneurs in the country are women.
Overseeing their own ventures also gives women, freedom and the necessary work life balance. Mumbai, the city of dreams, is also a home to some of the successful women entrepreneurs who will fascinate you with their grit and determination.
Here are the 4 women entrepreneurs in Mumbai who battled all the odds to make their dreams happen.
Preeta Sukhtankar, founder and CEO, The Label Life, had worked in diverse fields before foraying into entrepreneurship. Earlier, she had worked many different jobs in the fashion and entertainment industry, working for MTV and Elle magazine. Later in November 2012, she came up with an idea to combine all her media and branding experience to a unique e-commerce platform, and founded The Label Life.
This shopping portal blends fashion editorial and curation expertise with trendy shopping options. Starting with Sussanne Khan, a celebrity Interior designer, she launched Home as its first category. Today, Label Corp has three brands to its credit: The Home Label with Sussanne Khan, The Closet Label with Malaika Arora Khan and The Trunk Label with Bipasha Basu.
As Preeta had no e-commerce experience before, she took it up as a challenge and worked twice as hard. Now, she is working to include more celebrity experts to have a fourth brand to her credit. Recently, the Label Life has raised Rs 20 crores from Kalpavriksh (a private equity fund of Centrum group) to expand its base in India and build strategic partnerships for growth.
Neha Behani, Co-founder, Moojic, is another accomplished woman entrepreneur based in Mumbai. Moojic is an in-store radio service for retail outlets such as restaurants, cafes, salons, gyms, or bars. What sets apart Neha’s venture is that it her radio service offers jukebox functionality that lets the customers play songs from their own playlists.
Hailing from a small town Kishanganj in Bihar, Neha is the first woman in her family to run her own business entirely apart from her family’s traditional business. An MBA graduate, Neha was working full time at Hewlett Packard, Singapore as a Product Manager. Later, along with her co-founder Kumaran Mahendran, Neha came up with the idea of Moojic, and both quit their jobs.
Now, Moojic has carved an existence in India as well as abroad and includes Google MD Rajan Anandan, as its investor. Starting with 20 outlets, it has now over 20,000 outlets and plans to launch itself in Dubai, Singapore, and Malaysia.
Manisha Raisinghani, Co-founder, LogiNext, is changing the logistics industry and forging her own technical empire. Post her Masters in Information Systems from Carnegie Mellon University, she worked with Warner Brother as a Data Analyst for itunes. Later, she joined IBM’s Business Analytics and Optimization Division. Her work experience helped her gain an insight into the logistics businesses and the challenges the industry faced.
In 2013, she along with her co-founder Dhruvil Sanghvi came up with a solution to optimize delivery networks and logistic services over a cup of coffee. They started working on it together and founded LogiNext in 2014. Using the power of ‘Big Data’, LogiNext helps to predict the delivery delays by aggregating the location data received from multiple clients with similar delivery networks. This saves cost and helps in providing reliable delivery service to customers. Through its real-time analytics, LogiNext says that it saves 7-15 percent of costs for its clients which include industry giants like D-Mart, Decathlon and Maruti Suzuki.
An IIM Ahmedabad Alumni, Falguni Nayar is the CEO and Founder of Nykaa.com, an e-commerce multi-brand retail store for beauty and wellness products. However, before starting her own venture, Falguni had worked as an investment banker and broker with Kotak Mahindra Group for 19 years. For the next 8 years, she headed the Group’s Institutional Equities division. In 2005, she took over as the Managing director at Kotak Mahindra Capital Company, but gave it all up later to embark on her entrepreneurial journey.
Believing that India’s beauty market has an untapped potential, Falguni started her venture in April 2012. Further, to make it a unique and go-to online store for cosmetics, she came up with the dedicated beauty-book section on the site features product reviews, make up tips and tricks and guides you in choosing the right product. Further, Nykaa stores 85% of its inventory to provide superior user experience. Now, Nykaa has a net revenue clocking over Rs 200 crores.
These women entrepreneurs in Mumbai show us that for those who dream big and find the right opportunities at just the right time, there are no limits to the success they can achieve!
More in this series:
Inspiring women entrepreneurs in Hyderabad you should know
5 highly creative women entrepreneurs in Gurgaon who’ve made it big
Inspiring women entrepreneurs in Chennai whose stories you’ll love
Amazing women entrepreneurs of Bangalore to give us entrepreneurship goals
Women entrepreneurs in Pune who are not afraid to dream – queen size!
Lesser known women entrepreneurs in Kerala whose stories are so powerful
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