10 Women Entrepreneurs Who Made it to IDFC Millennia 2023 List

By: WE Staff

Indian women entrepreneurs are revolutionizing industries like technology, healthcare, finance, and education, challenging stereotypes and inspiring aspiring entrepreneurs of all genders. These top women entrepreneurs of India are an example of the epitome of the Indian workforce sector.

The IDFC FIRST Private Hurun India's Top 200 Self-made Entrepreneurs of the Millennia 2023 list showcases Indian entrepreneurship across age groups, genders, and geography.  Bengaluru is the top choice for founders. 20 Indian women entrepreneurs have also secured their special positions on the prestigious list with Falguni Nayar leading the list with a 43,685 crore market capitalization. Hyderabad ranks 28th in India's list of companies founded after 2000, with Deccan Fine Chemicals leading with a valuation of 24,971 crores. The total value of these companies is 30 lakh crore, equivalent to Denmark's GDP. Eight startups are among the top 10.

India's Top 200 Self-made Entrepreneurs of the Millennia 2023 list features Radhakishan Damani as the top-most self-made entrepreneur, known for his company, Avenue Supermarts, also known as D-Mart.

Here is a list of the top 10 Female Entrepreneurs who secured their Names on the IDFC First Private Hurun India’s Top 200 Self-made Entrepreneurs of the Millennia 2023 list:

Falguni Nayar, Nykaa

Falguni Nayar, founder and CEO of Nykaa, an Indian e-commerce platform for beauty and wellness products. She has been ranked as the top woman entrepreneur on the prestigious list. Nykaa has become a leading player in the Indian beauty and wellness market. The company has raised over $1.5 billion in funding and is valued at over $10 billion.

Ghazal Alagh, Mamaearth

Ghazal Alagh, co-founder of Mamaearth, a leading Indian personal care brand, was ranked among India's top 10 youngest self-made women entrepreneurs, raising over $100 million in funding and is valued at over $1 billion.

Saumya Singh Rathore, WinZO

Saumya Singh Rathore co-founded WinZO, India's largest vernacular social gaming platform, with over 100 million registered users. With over $100 million in funding, WinZO showcases the potential of the Indian startup ecosystem.

Rajoshi Ghosh, Hasura

Rajoshi Ghosh, co-founder and COO of Hasura is the first female founder of an open-source unicorn company in India. She has founded five startups and is a serial entrepreneur with five startups. Hasura raised $136.5 million in 2022 through a series-C round led by Greenoaks Capital, securing $100 million in funding.

Dr. Garima Sawhney, Pristyn Care

Dr. Garima Sawhney, co-founder of Pristyn Care, is an OBGYN. The Gurugram-based health-tech company offers surgery care through advanced medical technology and recovery measures. With over $100 million in funding, Pristyn Care has partnered with 800 hospitals and treated 1.5 million patients.

Kanika Gupta Shori, Square Yards

Kanika Gupta Shori, co-founder and COO of Square Yards, is a prominent Indian real estate advisory consultancy. The company has achieved a gross transaction value (GTV) of USD$3 billion and an annualized revenue run rate of USD$84 million.

Vineeta Singh, Sugar Cosmetics

Vineeta Singh, CEO and co-founder of Sugar Cosmetics, a leading Indian cosmetic company that offers personal care products catering to women with diverse skin tones. Forbes India predicts Sugar Cosmetics' net worth to reach INR 500 crores by 2023, with $87.5M in funding raised in six rounds as of September 2022.

Ruchi Kalra, OfBusiness

Ruchi Kalra, an Indian entrepreneur, co-founded OfBusiness, a leading fintech startup providing financing services to small and medium enterprises, and co-founded Oxyzo Financial Services Pvt. Ltd., a fintech offering purchase financing to small and medium businesses.

Mabel Chacko, Open

Mabel Chacko, a serial entrepreneur and co-founder of Open along with Anish Achuthan and Ajeesh Achuthan, Asia's first neo-banking platform for SMEs, has over 13 years of experience in financial technology and founded several startups. Open, has grown into India's 100th unicorn, valued at $1.6 billion after raising $50 million in a series-D round.

Ruchi Deepak, Acko

Ruchi Deepak, co-founder of Acko, an Indian digital insurance company, has 11 years of experience in advising on financing, exits, IPOs, and strategic matters across various sectors. Acko General Insurance Limited, as per a report by networthpost.org, has a net worth of $1.6 million, exceeding INR 500 crore.

What is the List all About?

The IDFC First Private Hurun India’s Top 200 Self-made Entrepreneurs of the Millennia 2023 list is a report that ranks the top 200 self-made entrepreneurs in India who have made their fortunes through their efforts and not through inheritance or family wealth. On November 30, 2023, IDFC FIRST Private Banking and Hurun India released the report. According to the report, Bengaluru tops the list of cities with the most self-made entrepreneurs, followed by Gurugram and Mumbai. The report also notes that 156 unicorn founders out of 68 made the list. The list demonstrates both the potential of India's startup ecosystem and the nation's entrepreneurial spirit.