Aravindavalli, 45-year-old woman
entrepreneur of Nammane Industries has emerged as the first woman
industrialist of the state to completely run her industry with solar
power. She runs the factory to manufactures bowls, plates, cups and the
like from areca leaves in large numbers, which is then supplied to
leading caterers and religious institutions across the city. It is her initiative and way out to overcome Bangalore Electricity Supply Company’s (Bescom) delay in
providing power connection to her industrial unit at Banashankari.
A Platform for Research, Collaborations and Discussions for Issues Challenges and Opportunity for Women Entrepreneurship.
13/10/2015
12/10/2015
Schemes for women entrepreneurs
In order to facilitate employment opportunities for women, the
micro, small and medium enterprise (MSME) ministry launched
special, dedicated schemes for Women Entrepreneurship Development.
The schemes are Trade Related Entrepreneurship Assistance and Development (TREAD) Scheme and Mahila Coir Yojana. The TREAD Scheme aims at economic empowerment of women entrepreneurs by providing them with training, information and counselling related to trades, products and services. Under this scheme financial loans are also provided by nationalised banks and grants by GOI at the rate of 30 percent of the loan subject to maximum limit of Rs.30 lakh through NGOs for capacity building and for undertaking self-employment ventures by women in non-farm activities.
Under Mahila Coir Yojana, financial assistance is provided for motorized ratts for spinning coir yarn to women artisans after giving training.Government provides motorized ratts/motorized traditional ratts at 75 percent cost subsidy subject to a maximum ceiling of Rs.7,500 for motorized ratts and Rs.3,200 for motorized traditional ratts. The remaining 25 percent is raised by the beneficiaries.
Fund allocated for these schemes during the current year (2015-16) is Rs.6.70 crore.
The schemes are Trade Related Entrepreneurship Assistance and Development (TREAD) Scheme and Mahila Coir Yojana. The TREAD Scheme aims at economic empowerment of women entrepreneurs by providing them with training, information and counselling related to trades, products and services. Under this scheme financial loans are also provided by nationalised banks and grants by GOI at the rate of 30 percent of the loan subject to maximum limit of Rs.30 lakh through NGOs for capacity building and for undertaking self-employment ventures by women in non-farm activities.
Under Mahila Coir Yojana, financial assistance is provided for motorized ratts for spinning coir yarn to women artisans after giving training.Government provides motorized ratts/motorized traditional ratts at 75 percent cost subsidy subject to a maximum ceiling of Rs.7,500 for motorized ratts and Rs.3,200 for motorized traditional ratts. The remaining 25 percent is raised by the beneficiaries.
Fund allocated for these schemes during the current year (2015-16) is Rs.6.70 crore.
06/10/2015
Design to me is not arty flashy but a solution which can help people at macro or micro levels says Shruti Goyal Rawat, Founder and Design Head, Designembryo in interview taken by Dr. Akansha Jain
1)
Please introduce yourself
I am Shruti Goyal Rawat, Founder and
Design Head, Designembryo - a multidisciplinary
graphic design Studio. I'm
a Visual Communication designer, a consultant, a blogger and an
entrepreneur...an individual who believes in creating MEANINGFUL DESIGNS…
Design to me is not arty flashy
but a solution which can help people at macro or micro levels. It is not just
about making pretty pictures but to conceptualize ideas which strike just the
right balance, can bring emotions, and a beautiful :) on the viewer’s face.
2) What is the motivation behind starting your venture?
I always dreamt of having my own
space and studio up and running, since when i did my Masters in design from
MITID, Pune and then worked with some excellent agencies and design houses in
Pune.
That time, my passion was like
gasoline in the tank, but i needed a steering wheel to help me go where i
wanted to go. My training at MITID, Pune and work
stint with agencies and design houses helped me gain the right experience, hone
my skills, and channelize my energies in the right direction.
Well! i got the biggest kick to start of my own after
marriage, as they say you do get one sometime in your life. Being married to a
merchant navy engineer had its own ups & downs and hence began the journey
of taking up freelance projects and eventually a real big push from my better-half
to start a 'design studio'.
With more and more design maturity
penetrating in Indian markets and the plunge of youngsters getting into their
own start-ups, there has emerged a huge market in India for graphic design too.
Well! If you are sincere towards your work and love what you do, this can be an
enough reason for getting motivated to work on our own.
Also, I've been a person who always
wanted some mind space & creative freedom to turn my ideas into reality
else it reaped into frustration. My studio is like my child, that definitely
provided me the right kind of atmosphere & space to deliver design
solutions to my clients that are meaningful and functional at the same time.
3) Please
provide information regarding the products/services you offer to world and state
how are they beneficial for us.
We are a small studio energized by the
challenge of understanding business goals and design requirements and then translating
them further into meaningful, profitable design solutions that exponentially improves
an organisation's visibility, credibility and success.
We have successfully provided design services
like Brand development, Logo Design , Print/ publications, Packaging, Web &
social media, Space graphics, Events & exhibitions, and Signage/
way-finding solutions, to companies across varied sectors like Pharmaceutical, Wellness,
Hospitals, Hospitality, Real Estate, Start-ups, Beauty, Education etc.
Some of our latest works can be seen at: www.designembryo.wordpress.com
4).
What are the start-up challenges?
Managing multiple things simultaneously and
switching gears from one to another is one of the biggest challenge of a
start-up. Staying productive can be tough at times. An
entrepreneur has to stay productive and time after time, overcome the temptation
to slack so that they can brainstorm new ideas, find fresh solutions, and get
things done—all while hitting deadlines and keeping things under budget.
At the same time, i also feel that more than
challenges, a start-up rather brings with it a lot of positives too... No 9-5
timing restrictions, Immense self-learning, being more self-reliant, personal
as well as professional growth, learning to manage time, and finally making you
a jack of all trades than being just an expert... are just a few advantages of
owning a start-up.
5).
Were there any challenges being a woman entrepreneur?
In India, we live in a Patriarchal society,
where women still do face a conflict of performing of home role along with
managing their professional responsibilities. This essentially poses as a very
knotty challenge sometimes, as there comes an added responsibility and moral
pressure over and above being a 'business entrepreneur', which in itself carries
its share of challenges to run business successfully in today's hard-hitting
competition.
Well! even now Indian family set-ups are such
that the women do have to switch gears between managing home and office and
incase the are unable to do so, they are not looked up respectably by the
family members.
This no doubt remains as a challenge for almost
all women in India. However, I would say the urge to stay 'SELF-RELIANT' and 'KEEP
MOVING' should always be kept alive.
6) How your
family reacted on starting a business?
My parents & my family has always been quite
supportive of me working on my own and running my studio. Infact, they have
always dreamt the same with me... Nevertheless, another earning hand to the family
is always a support.
Initial days of beginning were more difficult
and i did took a while to make people understand that sitting at home may not
work for me and i would like to utilize my skills whichever possible way. Well!
this has to be learnt and comes as a by product of going up the ladder
sometimes.
7) What are your future plans ?
I would love to see Designembryo, growing from a small 10 people
studio to a 50 people organisation, that encompasses colossal capability to handle all
sorts of design requirements offline as well as online and create more and more
meaningful design solutions for the welfare of the society at large.
8) Any other information you want to share to world.
I feel if you
have passion to do something and really want to do it...just let bygones be
bygones. Rather, listen to your heart and 'Just go for it'. Swoosh.
04/10/2015
Nimisha Verma: The ‘Artistic’ Entrepreneur
Udaipur, the city of lakes is no less
than an art hub. From miniature paintings to marble marvels, ingenious
photography to traditional jewelry; the city provides dimensions for
every artist to explore the creativity that lies underneath and endows
with a platform that reaches far.
One such young, female artist of the
city is Nimisha Verma who quickly climbed the ladder of success through
her virtual boutique NimishaVerma.com that lays emphasis on hand crafted
elegant pieces, kids’ occasion wear, royal quilts, home décor as well
as wedding and corporate give away.
Soon to launch her new venture ‘Mini
Me,’ a designer label for the mother & kids, Nimisha has infused
craftsmanship with contemporary art.
A NIFT graduate in Masters of Fashion
Management, Nimisha struggled with her mother for the initial 3 years in
a venture called Awesome Attire during which she completed her post
graduation, worked with designer duo Shyamal and Bhumika and finally
chose to come back to Udaipur and expand the business with her mom.
Here is an excerpt of the interview Devika Sisodia ( Taken for udaipurtimes.com) took with the designer:
Q. From designing clothes for adults to now to toddlers, how has the transition been?
A. We used to design clothes for
children in Awesome as well. However, the focus was more on adults. The
decision to get into kids’ wear was a strategic one. I realized that
very few outlets actually design kids’ wear and that too for occasions –
hence, the decision.
The transition has not been that easy,
however, since I have experience in designing, it’s been a pleasure. I
lay a lot emphasis on detailing which actually brings in uniqueness to
the products I deliver. But of course the best part is their happy face
to get a new dress as compared to an adult.
Apart from catering to the kids’
category I am also experimenting with adult clothes range. For instance I
started something called Mini Me, which caters to mother daughter
combos. I also customize clothes which has driven me to take some bold
decisions, something similar to Mini Me.
Q. What inspired you to plunge into the sector (for kids) which is more of a ‘brand centric’ rather than ‘designer centric’?
Unlike the general notion, I believe
that the kids’ sector is more to do with design than the brand. Brand in
my opinion is an entity which needs to be built. Before that stage is
reached its about letting your work speak for yourself. I am on that
stage right now. I firmly believe that consequently I will be able to
carve a niche for myself in this industry.
Q. What has been the biggest challenge in the journey?
Whenever you plan to start something
new, there are always some people who do not believe in you. They will
try their best to pull you down. The biggest challenge was not to lose
focus and keep working towards the goal. But I am thankful to my parents
who really supported me through my thick and thin. My mother especially
who started her business from scratch understood my dilemmas extremely
well. I feel lucky to have her around and her guidance.
Q. The brand ‘Nimisha Verma’ has been highlighted in various publications across India. Tell us about that.
Well, I have been lucky to have come
across media opportunities often. A new comer on the block is usually
not considered as a suitable candidate for a profile. But, I have been
featured in Femina, my alma mater’s (NIFT) publication which will be
published next month as well as among the top 15 websites of Udaipur on
UdaipurTimes.com. There was one more article which appeared on an
online fashion magazine called Blah n More. I’ve also been covered by
Femina for a short blurb.
Q. What is that one quality of you that has made you reach at this point of your life?
I think the most important aspect has
been my strong will power to overcome the obstacles and not to lose
heart while dealing with professional and personal challenges. If you
live a vision, you shall only stop once you have attained it. I was
never afraid of taking risks.
Q. How do you see women entrepreneurship in the days to come?
Today’s woman is more empowered and
independent. History is a witness that women have always been subjected
to animosities, like staying at home and looking after the household.
This has helped us evolve as great managers. As you know
entrepreneurship is all about effective management, I think in
subsequent years women entrepreneurship is bound to expand and burst
through horizons as today’s woman knows how to set a perfect balance
between her personal and professional life and also, the families have
become supportive. In my case, my husband and mother in law were equally
understanding. They supported my passion for my work and motivated me
in the best possible way.
Q. What are your future plans?
Well my journey has just begun. All I
can say is that I look forward to a potential future filled with more
creative ideas. I see a targeted online expansion accompanied by
fulfilling aspirations of more craftsmen. The more the merrier, isn’t
it?
29/09/2015
Only 18 countries have no law which is discriminating in nature for women around the globe: World, Business and the Law 2016 report revealed
Women around the world have restrictions from doing certain work as they are females. This fact is visible and prevalent in around 100 countries around the world. There is atleast one discriminating law that makes discrimination against women in around 150 countries worldwide. Only 18 countries have no law which is discriminating in nature. This findings were revealed by World, Business and the Law 2016 report. It also revealed that women of 32 countries cannot apply for passports in same manner as males can apply.
The report has special mention of India introduction of quota on female representation on corporate boards which states that at least one board member of every listed company must be a woman.
The report has special mention of India introduction of quota on female representation on corporate boards which states that at least one board member of every listed company must be a woman.
24/09/2015
Don’t be afraid to fail or make mistakes...Says Ishita Sud, Founder and Design Head of Creative Pulp Design Studio, a design/communication start up
I am Ishita, Founder and Design Head
of Creative Pulp Design Studio, a design/communication start up.
2)
What is the motivation behind
starting your venture?
After working with some of the best
BTL & Digital agencies for a decade, where deadlines and long hours rule
your world, there is very little time one gets for ones own self and experience
life. Something, which I feel, is extremely important for a creative person to
continue feeling joy in ones work. Also I saw a lot of women giving up their
career in advertising once they went the family way.
All of this really inspired me to
work towards aiming to create a design studio which not only provides great
communication solutions to their clients but also create work opportunity for
women who are passionate about graphics/content etc and would want to continue working in the
comfort of their homes or in a very informal, comfortable environment. In the
last one year of our conception, we have aimed to pick up selective but interesting
projects. Concentrating on quality rather than quantity.
3)
Please provide information regarding
the products/services you offer to world and state how are they beneficial for
us.
In the
last year of operation, we’ve had the opportunity to work with and garner the
trust of some excellent teams at AIMA, FSecure, Natural Bath & Body, and
MANN India. Together we’ve created effective and memorable communication
ranging from websites and packaging for product launch to digital campaigns for
product promotion.
4)
What are the startup
challenges?
Biggest challenge is for people to
respect and take our work seriously.
People wanting good quality work but not necessarily ready to pay
according to what one deserve.
5)
Were there any challenges being a
woman entrepreneur?
Fortunately I havnt faced any gender
inequality yet. Majorly have come across clients who are superbly encouraging,
though it does sometime takes a while for a few, far between to believe that
one can “handle” the pressure, being a woman entrepreneur.
6)
How her family reacted on starting a
business?
Both my parents and siblings were extremely supportive. The only piece of advice my mum gave was to never work without part payment at the start of a project, which I have stuck to and has helped me tremendously.
Both my parents and siblings were extremely supportive. The only piece of advice my mum gave was to never work without part payment at the start of a project, which I have stuck to and has helped me tremendously.
7)
What are the future plans?
Nurture Creative Pulp Design to
become a name that represents quality communication ideas. Always create an
organic service experience for our clients. And for anyone joining the team to
enjoy a balanced creative environment.
8)
Any other information you want to
share to world.
Don’t be afraid to fail or make mistakes. And never think that as a young woman you only have a limited time to polish your career, till you get married. If you have an idea, work on it with conviction and passion. No matter if the world thinks otherwise.
Don’t be afraid to fail or make mistakes. And never think that as a young woman you only have a limited time to polish your career, till you get married. If you have an idea, work on it with conviction and passion. No matter if the world thinks otherwise.
21/09/2015
Women entrepreneurs : Focus of Angel Investors all around the globe
All around the globe funding opportunities are coming for women entrepreneurs. Angel Investors are focusing on funding women entrepreneurs so that they can flourish. Few funding avenues available are:
1) Kenya Women Investment Company:This group is operational in east and south Africa and aims at providing seed funding to women entrepreneurs
2) Kenya Women Microfinance Bank Limited (KWFT),It is institution serving only women entrepreneurs and has more than 600000 clients.
3) The Women’s Investment Fund: It is Nigeria's female focussed investment fund .It provides financial assistance to women to run their business.
4) Women’s Investment Portfolio Holding Limited: It is company which focuses on investment for women entrepreneurs and is managed by black women in South Africa.
5) Angel Investor Network Indonesia, ANGIN is an angel investor group focusing on promoting female entrepreneurs and empowering women to increase overall participation in the Indonesian economy
6) Aspire: It is run by Capital for Enterprise Ltd and focuses on providing funds to women entrepreneurs whose enterprises are listed in UK.
7) Incito Ventures: This female-focused investor network is dedicated to provide seed funding to women entrepreneurs and they also offer social impact accelerator.
8) Investing Women: It is for women entrepreneurs who want to flourish in Scottish economy.
9) 37 Angels: 37 Angels invests between $50K and $150K of seed capital in early-stage ventures.
10) Astia: This innovative, global not-for-profit organization propels women’s full participation as entrepreneurs and leaders in high-growth businesses around the world.
11) Golden Seeds: They have invested huge funds on women led enterprises. They provide venture funds after considering applications at chargeable basis.
12) Pax World Global Women’s Equality Fund: This global equity fund seeks to grow capital over the long term by investing in the common and/or preferred stock of companies that are leaders in advancing gender equality and women’s empowerment.
13) Pipeline Fellowship: They accepts applications from all US.
14) Springboard Enterprises: Springboard invests in women-led, high-growth technology-oriented companies.
15) The JumpFund: The Jump Fund invests women’s capital in early-stage, female-led LLC or C-corporations in Chattanooga, TN or the southeast region of the U.S.
16) Women’s Donor Network: WDN members individually and collectively provide around $200 million a year to advance the movement for social change.
17) Women’s Venture Capital Fund: It also focuses on providing investment to women entrepreneurs.
For more information visit their websites and one can read more on http://blog.girltank.org/angel-investors-looking-for-women-entrepreneurs/
1) Kenya Women Investment Company:This group is operational in east and south Africa and aims at providing seed funding to women entrepreneurs
2) Kenya Women Microfinance Bank Limited (KWFT),It is institution serving only women entrepreneurs and has more than 600000 clients.
3) The Women’s Investment Fund: It is Nigeria's female focussed investment fund .It provides financial assistance to women to run their business.
4) Women’s Investment Portfolio Holding Limited: It is company which focuses on investment for women entrepreneurs and is managed by black women in South Africa.
5) Angel Investor Network Indonesia, ANGIN is an angel investor group focusing on promoting female entrepreneurs and empowering women to increase overall participation in the Indonesian economy
6) Aspire: It is run by Capital for Enterprise Ltd and focuses on providing funds to women entrepreneurs whose enterprises are listed in UK.
7) Incito Ventures: This female-focused investor network is dedicated to provide seed funding to women entrepreneurs and they also offer social impact accelerator.
8) Investing Women: It is for women entrepreneurs who want to flourish in Scottish economy.
9) 37 Angels: 37 Angels invests between $50K and $150K of seed capital in early-stage ventures.
10) Astia: This innovative, global not-for-profit organization propels women’s full participation as entrepreneurs and leaders in high-growth businesses around the world.
11) Golden Seeds: They have invested huge funds on women led enterprises. They provide venture funds after considering applications at chargeable basis.
12) Pax World Global Women’s Equality Fund: This global equity fund seeks to grow capital over the long term by investing in the common and/or preferred stock of companies that are leaders in advancing gender equality and women’s empowerment.
13) Pipeline Fellowship: They accepts applications from all US.
14) Springboard Enterprises: Springboard invests in women-led, high-growth technology-oriented companies.
15) The JumpFund: The Jump Fund invests women’s capital in early-stage, female-led LLC or C-corporations in Chattanooga, TN or the southeast region of the U.S.
16) Women’s Donor Network: WDN members individually and collectively provide around $200 million a year to advance the movement for social change.
17) Women’s Venture Capital Fund: It also focuses on providing investment to women entrepreneurs.
For more information visit their websites and one can read more on http://blog.girltank.org/angel-investors-looking-for-women-entrepreneurs/
20/09/2015
WECREATE Cambodia Center: Platform for Cambodian Women Entrepreneurs to flourish
A new centre for women entrepreneurs was established in Phnom Penh which will act as platform for Cambodian Women entrepreneurs to flourish by giving them support in networking, increasing accessibility to tools and resources needed for growth and establishment of new ventures by women entrepreneurs in Cambodia.The basic aim of WE CREATE Cambodia centre is to make female entrepreneurs visible by pushing them to formal sector so as to improve their status.WE CREATE is public-private partnership between the US State
Department’s bureau of economic and business affairs and the StartUp Cup
global accelerator program.
For more information visit http://www.phnompenhpost.com/business/centre-aims-bolster-women-entrepreneurship
For more information visit http://www.phnompenhpost.com/business/centre-aims-bolster-women-entrepreneurship
16/09/2015
Party time for women entrepreneurs .......Exclusive venture capital fund for women entrepreneurs
Few business veterans have teamed together to launch a venture capital fund exclusively for women entrepreneurs.Saha Fund, India's first SEBI approved venture capital fund have corpus of 100 crores and are focusing on enterprises led by women entrepreneurs.The fund would also invest in companies where women account for more than half the employee base.
Saha Fund has already made commitment for three investments including Ratan Tata-backed women's fashion wear platform Kaarya.
For more information visit : http://www.business-standard.com/article/companies/now-a-venture-fund-for-women-entrepreneurs-115091400024_1.html
Saha Fund : http://www.sahafund.com/
Saha Fund has already made commitment for three investments including Ratan Tata-backed women's fashion wear platform Kaarya.
For more information visit : http://www.business-standard.com/article/companies/now-a-venture-fund-for-women-entrepreneurs-115091400024_1.html
Saha Fund : http://www.sahafund.com/
Women entrepreneurship: Poland on a roll.....
More than one third of companies in Poland are run by women entrepreneurs.Poland is known as Europe's most significant hub for female entrepreneurship. These business came into existence during periods of Poland’s
economic transformation after the collapse of socialism in the Soviet
Union and Eastern Europe.
Isabella De Maddalena,assistant photographer, Julia Wollner is editor-in-chief of La Rivista, Poland’s first magazine about the culture, lifestyle and language of Italy,Ania Chagowska, dance school owner, Maria Nowinska, designer and another hundred are the once who rule the world.....Hats off to them.
For More Information visit http://www.theglobalist.com/female-entrepreneurship-thrives-in-poland/
Isabella De Maddalena,assistant photographer, Julia Wollner is editor-in-chief of La Rivista, Poland’s first magazine about the culture, lifestyle and language of Italy,Ania Chagowska, dance school owner, Maria Nowinska, designer and another hundred are the once who rule the world.....Hats off to them.
For More Information visit http://www.theglobalist.com/female-entrepreneurship-thrives-in-poland/
African women are global leaders: Credit to two women
Africa leads world in number of women taking up businesses as their career option as stated in Global Entrepreneurship Monitor 2014 Global Report.
Yasmin Belo-Osagie and Afua Osei, co-founders of She Leads Africa explains about four key education, financing, stereotypes and limitations faced by entrepreneurs in Africa.This website was launched in May 2014 to serve as a platform to invest in Africa’s most promising female entrepreneurs.
The role and goal of co founders of She Leads Africa was to support and push female entrepreneurs of small to medium-sized enterprises (SMEs) to pan-African industry leaders.
For more information read https://atlantablackstar.com/2015/09/15/two-young-women-help-african-women-entrepreneurs-become-influential-global-leaders/
Yasmin Belo-Osagie and Afua Osei, co-founders of She Leads Africa explains about four key education, financing, stereotypes and limitations faced by entrepreneurs in Africa.This website was launched in May 2014 to serve as a platform to invest in Africa’s most promising female entrepreneurs.
The role and goal of co founders of She Leads Africa was to support and push female entrepreneurs of small to medium-sized enterprises (SMEs) to pan-African industry leaders.
For more information read https://atlantablackstar.com/2015/09/15/two-young-women-help-african-women-entrepreneurs-become-influential-global-leaders/
15/09/2015
Always be positive and be independent for your own good.....says DIPIKA
I am Dipika, Founder and Design head in Dipustaika, an online design studio, with clients worldwide.
2) What is the motivation behind starting your venture?
My interest for design and a motive to be independent, made me start Dipustaika, and slowly started growing along with it.
Dipustaika provides all kinds of Design solutions. We have been constantly diversifying into different categories, like Womens wear, Mens wear, Kids wear, Active wear, Maternity wear, Islamic clothing, Justborn baby clothing, Technical design, T shirt illustrations, Fashion illustrations, Fashion calendar conceptual designs, Fashion editor, Content writer, logo and identity design, Subject Matter Expert(SME), Hand bag design, Camera bag design, Cap designs, Infographics, graphics, webpage layout design,... Dipustaika has always supported non profit organizations on women empowerment, education for youth and poverty through design.
4). What are the startup challenges?
I happened to work on projects and not get paid in the initial stages.
5). Were there any challenges being a woman entrepreneur?
Fortunately Not yet facing gender inequality, maybe I am getting good people around me.
My parents and brother were very supportive
7) What are the future plans?
Launch a clothing collection under Dipustaika which is a registered brand
8) Any other information you want to share with the world.
Always be positive and be independent for your own good.
08/09/2015
Women in itself is powerful to do what is right for her and to the society says Suman Sethi ,proprietor of DEE ESS ENTERPRISES
1) Please introduce about yourself.
I am Suman Sethi, The proprietor of DEE ESS ENTERPRISES situated in Dehradun.
After my husband passed away in 2010, I started this firm when everyone was against my decision.We started manufacturing sleeping bags, laptop bags, rucksack, knapsack and all army and college bags. I started with two people and today we have a workforce of 10 people. My family comprises of me and my daughter. My daughter is a Game Developer working in a reputed company in Dehradun itself as well she helps me in all the company matters. I single handedly managed her studies as well as my business functioning.
2) What is the motivation behind starting your venture?
After the mishap there was no one to take our responsibility and who can fulfill our basics needs.
So some day I discovered that my husband was thinking of starting this business and he also collected machines as well as raw materials. What motivated me the most was to make my daughter professionally educated and independent.
3) Please provide information regarding the products/services you offer to world and state how are they beneficial for us.
We have workers from backward area giving them employment and benefits I am capable of providing them. We manufacture sleeping bags,rucksack and all army bags with the best quality for their comfort and for easy carrying.
4). What are the startup challenges?
As I was only a 12th grade pass women so I didn't know about who-what-how of the business. But my daughter's motivation and help was a boon. I started meeting the clients with whom my husband was in contact with. Learnt from them of how the manufacturing is done and all the workers supported me by giving their day-night to the work.In the first year of manufacturing I suffered a great loss. But gradually I expanded my knowledge and explored in the market for profit.
5). Were there any challenges being a woman entrepreneur?
Being a women, I had a whole burden on my shoulder to execute things forward.From being a house-wife to now , I have to go through family pressure and also the society that this business is not for females and I won't be able to cope up with the new technologies , machines as well as manufacturing terminologies. With my daughter who on every step supported as well as guidance made me who I am. Business is not so difficult if we get right person at the right time.Many times,through clients and people who meant more than just business.But taking my dignity and confidence I made my way through.
6) How her family reacted on starting a business?
My family was at first denying to start this as they were not confident on me.My brother said that you don't have to do business we will be there to support you.These thing and matters cannot be handled by a women.What will other people say? were the words. But I had made my mind that it's a do or die situation and anyhow I have to take it forward.
7) What are the future plans ?
My future plans are providing quality services to army cantonments and helping other backward workers, so as to train them in bag making skills and giving employment to both men and women. Also my daughter has joined hands ,so we will be launching our online store to serve people all around India and maybe overseas.
8) Any other information you want to share to world.
I would want to quote that , Women in itself is powerful to do what is right for her and to the society.
10/08/2015
02/08/2015
Pen my bestest pal....: Go big or Go home: Vijay Shekhar’s success mantra
Pen my bestest pal....: Go big or Go home: Vijay Shekhar’s success mantra: Go big or Go home: Vijay Shekhar’s success mantra (Odyssey of Paytm From Mobile Recharge to E-Commerce Market place) Paytm was started...
Namrata suri, Founder for Merabuddy, shares her experiences about being women entrepreneur
Namrata suri, Founder for Merabuddy. Worked in the corporate sector in
companies like Vodafone and Standard chartered Bank, for over 13 years
before venturing out on my own.
> 2) What is the motivation behind starting your venture?-
No support systems existing in India with the break down of joint family
systems. Also my grandmother who was a widower for 18 years and lived by
herself and not with her daughters. Since she didn't have a son and had
enough household help she still missed on a lot and every time something
happened, my Aunt or mom had to rush out of town to support her.
> 3) Please provide information regarding the products/services you offer to
> world and state how are they beneficial for us.
Merabuddy helps the elderly lead fuller lives and acts like a trusted
support system in absence of their kids.
We offer Digital literacy to senior citizens at the comfort of their home
one to one. We also have services wherein we spend time with them,
accompany them on doctor visits and their travels. These services are
being paid for by children who don't stay with their parents but also the
ones living with their parents. In today's time crunched lifestyle the
elderly are neglected and thus we play an important role.
We are offer professional services and are not an NGO.
You can visit the website for more details.
4). What are the startup challenges?
Creating Awareness about the new concept in a bootstrapped condition and
attracting the right talent. Also people sometimes misinterpret our
services and what we stand for.
5). Were there any challenges being a woman entrepreneur?-
I haven't faced anything that's serious just yet, though there have been
some minor ones.
> 6) How her family reacted on starting a business?-
My family is extremely supportive and i couldnt have taken the plunge
without them.The monthly pay cheque not coming my way and being
bootstrapped is quiet a challenge for me.
> 7) What are the future plans ?
To be lead the market in the area and be present in the top 6 cities in
the next 12 months and provide quality services which are sought after.
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