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Here are 7 future unicorn startups that are founded by women!

Ahead of Nazara Technologies’ IPO, the CEO says its public listing will put Indian gaming on the world map

<ul><li><keyword id="74945" type="General" weightage="20" keywordseo="women-entrepreneurs" source="Orion">Women entrepreneurs</keyword> are not far behind in founding the most valuable businesses of this millennium. </li><li>Ghazal Alagh of Mamaearth, and Saumya Singh Rathore of Winzo, aged 35, each is the youngest woman in the list. </li><li>Ruchi Deepak, co-founder of Acko, and Amrita Sirohia, co-founder, Amrita Sirohia, co-founder, INDmoney, at 41, are the eldest women in the list </li></ul>When it comes to founding valuable new businesses, women <keyword id="53533" type="General" weightage="20" keywordseo="entrepreneurs" source="Orion">entrepreneurs</keyword> are giving men a run for their money. We take a look at top ten <keyword id="19669428" type="General" weightage="20" keywordseo="youngest-women-entrepreneurs" source="Orion">youngest women entrepreneurs</keyword> in India according to the first edition of ‘India's Top 200 Self-made Entrepreneurs of the Millennia 2023’ launched by I<a href="https://www.idfcfirstbank.com/personal-banking/wealth/First-Private#home">DFC FIRST Private</a> Banking and <a href="https://hurunindia.com/">Hurun India</a>. Ghazal Alagh, 35, Gurugram Ghazal Alagh is a self-made woman entrepreneur and the co-founder of Mamaearth, one of India's leading brands of natural and toxin-free skincare and baby care products. Alagh's journey started with a personal need – she was struggling to find safe and effective skincare products for her son. This inspired her to create her own brand, Mamaearth, which has since become a household name in India and recently went public. Saumya Singh Rathore, 35, New Delhi Saumya Singh Rathore, co-founder of WinZO, has contributed to building India's leading social gaming platform in local languages, boasting a user base exceeding 100 million. Since its inception in 2018, WinZO has secured funding surpassing $100 million, supported by key investors like Griffin Gaming Partners, Makers Fund, Courtside Ventures, and Steve Pagliuca. Rajoshi Ghosh, 36, Bengaluru Rajoshi Ghosh, a serial entrepreneur, serves as the COO and co-founder of Hasura, a software technology company based in San Francisco. Beyond her role at Hasura, she has initiated five other startups. She holds the title of a World Economic Forum Global Shaper and commenced her professional journey as a published bioinformatics researcher specialising in genomics at the Genome Institute of Singapore. Dr. Garima Sawhney, 37, Gurugram Dr. Garima Sawhney, a co-founder at Pristyn Care, is a leading figure in India's healthcare. Renowned for her expertise in gynaecology, she embarked on her career as a doctor, honing crucial life skills during her tenure at a government hospital. Her leadership, born from compassionate patient care, has steered Pristyn Care to a valuation of $1.4 billion. Kanika Gupta, 39, Gurugram Kanika Gupta Shori holds the position of co-founder and COO at Square Yards, an integrated real estate marketplace. With an educational background from Wharton Business School, she brings more than 11 years of experience in both banking and entrepreneurial pursuits. Beyond her professional roles, Kanika actively contributes to initiatives centred around empowering women and supporting children's welfare. Vineeta Singh, 40, Mumbai Vineeta Singh is an Indian entrepreneur and investor who is the co-founder and CEO of SUGAR Cosmetics, a popular Indian beauty brand. Singh is also a judge on the Indian reality television show Shark Tank India. Singh is known for her tough questioning and her willingness to invest in businesses that she believes have the potential to succeed. Ruchi Kalra, 40, Gurumgram Ruchi Kalra, an entrepreneur from Gurgaon, has co-founded two unicorn startups – OfBusiness and Oxyzo with her husband, Ashish Mohapatra. Ruchi's successful business approach centres on extracting profit from each transaction, a strategy that has proven effective. She and her husband are the first couple who has founded two unicorns. Mabel Chako, 40, Bengaluru Mabel Chako, co-founder and chief operating officer at Open, boasts a 13-year entrepreneurial journey in financial technology. Her expertise spans intricate financial landscapes, honed through roles at Citrus Payment Solutions and PayU. Her founding of CashNxt in 2007 and Zwitch in 2013 (later acquired by Citrus Payments) underscores her entrepreneurial acumen and commitment to innovative solutions. Ruchi Deepak, 41, Mumbai Ruchi Deepak, co-founder of Acko, hails from Jamshedpur and pursued her bachelor's degree at Lady Shri Ram College, followed by Law at Delhi University. Ruchi aimed for meaningful innovation in financial services. Witnessing the industry's focus on selling to distributors rather than customers directly, she envisioned a shift. Co-founding Acko with Varun Dua, they leveraged technology to revolutionise insurance experiences. Amrita Sirohia, 41, Gurugram Amrita Sirohia, co-founder of INDmoney, embarked on her journey in the financial sector driven by a passion for technology and finance. Amrita's professional trajectory includes roles at renowned companies like Google and Barclays, which led to her understanding of financial complexities and technological innovation. Co-founding INDmoney, her aim was to democratise wealth management through tech-enabled financial solutions, empowering individuals to navigate and optimise their financial portfolios efficiently.

She power: The top 10 youngest women entrepreneurs in India

A chartered flight carrying <keyword id="6358821" type="General" weightage="80" keywordseo="shiv-sena" source="Orion">Shiv Sena</keyword> MLAs, who have rebelled against the party bringing a crisis to the MVA government in <keyword id="13126" type="General" weightage="100" keywordseo="maharashtra" source="Orion">Maharashtra</keyword>, arrived here early Wednesday. Sources said that the flight from Surat in Gujarat landed at Guwahati's Lokapriya Gopinath Bordoloi international airport at around 6.30 am. The exact number of rebel Shiv Sena MLAs travelling in the flight is not known immediately but the flight had 89 passengers, including onboard crew, sources said. The Maharashtra MLAs are being taken in special buses to a city hotel with police protection. Assam is currently ruled by a BJP-led government. The move came after <keyword id="8524279" type="General" weightage="50" keywordseo="shiv-sena-minister" source="Orion">Shiv Sena minister</keyword> <keyword id="193503" type="General" weightage="50" keywordseo="eknath-shinde" source="Orion">Eknath Shinde</keyword> rebelled against the party and herded some MLAs to BJP-ruled Gujarat. Top leadership of Assam BJP and the state government are believed to have been making arrangements for the rebel Shiv Sena MLAs accommodation in Guwahati. This is perhaps for the first time that MLAs from a Western Indian state is being taken to a Northeastern state after their rebellion against the party leadership. Earlier, Shiv Sena MP <keyword id="6355496" type="General" weightage="50" keywordseo="sanjay-raut" source="Orion">Sanjay Raut</keyword> claimed 14 to 15 Sena MLAs, including some ministers, are with Shinde in Gujarat's Surat city. However, another party leader said the number could be 23. The Shiv Sena, which heads the MVA, has 55 MLAs, followed by allies NCP (53) and the Congress (44) in the 288-assembly where the current simple majority mark is 144. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/stashfin-raises-270-million-to-expand-its-neobanking-footprint-in-southeast-and-south-asia/articleshow/92363534.cms">Neobanking startup Stashfin raises $270 million to expand its footprint in Southeast and South Asia</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/winzo-acquires-gurugram-based-game-development-studio-upskillz/articleshow/92363531.cms">WinZO acquires Gurugram-based game development studio Upskillz</a>

Rebel Sena MLAs arrive in Assam as Maharashtra political crisis continues

<ul><li>The Indian government is reportedly all set to increase <keyword id="6354679" type="General" weightage="80" keywordseo="gst" source="Orion">GST</keyword> on online gaming to 28%, a proposal that could spell trouble for the industry and players alike. </li><li>The online gaming industry is expected to cross $5 billion valuation by 2025, but the taxman’s greed could kill the golden-egg laying hen. </li><li>Experts are worried about the impact this could have on the industry – both the players and the businesses, which are still in their early days. </li></ul>The Indian government is reportedly all set to tax casinos, online gaming and horse racing at the highest slab of GST – 28%. Looks like the taxman is intent on treating these recreational activities and skills on par with tobacco, cigarettes, <a href="https://www.businessinsider.in/cryptocurrency/news/28-gst-on-crypto-transactions-india-is-reportedly-mulling-another-tax-levy-next-week/articleshow/92407767.cms">cryptocurrencies</a> and luxury cars. Online betting, gambling, casinos and horse racing have long been treated ‘unfairly’ by the Indian taxman – while GST has been considerably moderate at 18% until now. Winnings and other income earned from these activities have been taxed at the highest rate of 30% without any deductions whatsoever. Now, a new <a href="https://economictimes.indiatimes.com/news/economy/policy/28-gst-likely-on-casinos-online-gaming-horse-races-on-gross-revenue/articleshow/92474293.cms?from=mdr">report</a> suggests that the government is mulling increasing the GST rate to 28% – the highest in effect currently. This will be applicable on compulsory food and beverages as well, driving up the costs for businesses and participants. <div type="Article" hostid="261" msid="92356710" title="INTERVIEW: The big picture on 5G, Big Tech-telco war with COAI’s Dr SP Kochhar" mstype="2" mssubtype="0"></div> <cmsannotation type="cmsannotation" annotationid="Fantasies are taxed too, and that too doubly" comment="subhead" text="Fantasies are taxed too, and that too doubly">Fantasies are taxed too, and that too doubly</cmsannotation> The government proposal says that GST will be charged on the gross revenue, not the net value added, which goes against both global tax ethics – as well as the very foundation of the GST regime, which intends to remove the undesirable double taxation effect. "Taxing online gaming, horse racing, and casinos at gross revenue instead of net value addition would be a departure from the global tax ethics," Rajat Mohan, senior partner, AMRG &amp; Associates told PTI. This could have an adverse impact on the entire industry. For instance, the online gaming sector which includes the likes of MPL, Zupee, Winzo and other startups, is expected to cross $5 billion in valuation by 2025, according to a <a href="https://www.ibef.org/blogs/india-s-nascent-gaming-industry-on-the-rise">IBEF report</a>. The government earned nearly ₹1,500 crore from fantasy sports in the form of taxes in FY21. A Deloitte report says that the combined industry contribution could cross a whopping ₹16,000 crore cumulatively over the next two years. And the taxman believes that he found a goose which lays golden eggs. <cmsannotation type="cmsannotation" annotationid="The costly game of confusion" comment="subhead" text="The costly game of confusion">The costly game of confusion</cmsannotation> The online gaming industry has been plagued by the ambiguous nature of government’s tax policies. The taxman has often been said to be confused about the nature of online games – whether those involve skills or are just gambling. It might be justified to tax gambling at the highest rate of tax, but experts believe that punishing games of skill in the same manner is unfair. To make matters worse, the government wants to raise the tax from 18% to 28%. <cmsannotation type="cmsannotation" annotationid="Mukesh Ambani, Rakesh Jhunjhunwala and more, to be affected" comment="subhead" text="Mukesh Ambani, Rakesh Jhunjhunwala and more, to be affected">Mukesh Ambani, <keyword id="6398943" type="General" weightage="80" keywordseo="rakesh-jhunjhunwala" source="Orion">Rakesh Jhunjhunwala</keyword> and more, to be affected</cmsannotation> This can also have an adverse impact on telcos, which are banking on online gaming as a new revenue stream as the industry seems to be entering a phase of stagnation. “Rather than being just the pipe, telcos like Jio (RIL owned) and Bharti are focusing on gaming as an incremental source of ad/subscription revenue. In fact, RIL believes that gaming in India will be bigger than music, movies and television shows put together,” said a report by Bank of America Securities. This could also impact <keyword id="201442" type="General" weightage="50" keywordseo="delta-corp" source="Orion">Delta Corp</keyword>, the only listed casino operator in the country which has seen its fortunes fade away, with even Rakesh Jhunjhunwala paring down his holdings in the company considerably. <div type="javascript" title="Custom" contenttype=""><cdata><![CDATA[]]></cdata></div> “This would be a distress the business model to a great extent as the touted super tax will have to be funded either by the platform, who do not make that kind of money in this business or would go on to reduce the prize pool size – effectively bringing down the interest in customer engagement,” Adarsh Somani, senior partner at ELP Law, told Business Insider India. This would wreak havoc on the gaming industry, and even if the government wants to reduce difficulties by offering a single – but higher – rate of tax, the valuation methodology will have to be made clear, Somani added. As things stand today, there is plenty of ambiguity that will have to be worked out by the government – even a small misstep could spell a lot of trouble for the gaming industry and its participants. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/auto-and-finance-stocks-can-bounce-back-even-if-the-market-crashes-in-july/articleshow/92436186.cms">Auto and finance stocks can bounce back even if the market crashes in July</a> <a href="https://www.businessinsider.in/finance/news/rbi-kept-the-rupee-exceptionally-stable-so-far-and-the-tide-could-turn-for-the-better-say-experts/articleshow/92414356.cms">RBI kept the rupee ‘exceptionally’ stable so far, and the tide could turn for the better say experts</a> <a href="https://www.businessinsider.in/business/telecom/news/interview-the-big-picture-on-5g-big-tech-telco-war-with-coais-dr-sp-kochhar/articleshow/92356710.cms">INTERVIEW: The big picture on 5G, Big Tech-telco war with COAI’s Dr SP Kochhar</a>

India is betting on casinos, online games and horse races to fill its coffers

<ul><li><keyword id="10926" type="CITY" weightage="20" keywordseo="Reliance">Reliance</keyword> today launched <keyword id="10897154" type="UNKNOWN" weightage="20" keywordseo="JioBusiness">JioBusiness</keyword>, which will offer enterprise grade-level fibre connectivity, digital solutions and devices to enable the micro small and medium businesses.</li><li>Dukaantech was a term given to companies that help kirana stores or traders grow their business online.</li><li><keyword id="2003276" type="PERSON" weightage="20" keywordseo="Jio">Jio</keyword>’s bet in the segment comes with offering services at a cheaper cost.</li></ul>India’s richest man <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>’s latest offering is in a space that has been the rage for over a year now – dukaantech, a term given for companies that help kirana stores (mom-and-pop stores) or traders grow their business online. Reliance Jio today launched JioBusiness, which claims to offer enterprise grade-level fibre connectivity, digital solutions and devices to enable the same. “Micro, small and medium businesses are the bedrock of Indian economy. Currently, in the absence of an integrated digital services offering and the knowhow to adopt advanced enterprise offerings, they are unable to leverage the power of digital technologies to run their businesses efficiently,” said Akash Ambani, director of Jio in a statement. Jio’s bet in the segment comes with offering services at a cheaper cost. The connectivity plans start at ₹901 per month, while the plans with all three solutions start at ₹5,500 per month. “Currently, a micro and small business spends between ₹15,000 to ₹20,000 per month towards connectivity, productivity and automation tools. Today, we are taking the first step towards empowering small businesses by giving these solutions, along with our connectivity, for less than 1/10th the cost, starting below one thousand rupees per month,” added Akash Ambani in the statement. In 2019, Reliance Industries Limited (RIL) had made the first step in this direction, with an acquisition of Nowfloats. RIL had acquired a controlling stake of 85% in the Hyderabad-based startup Nowfloats for ₹141.63 crores. Nowfloats offers SaaS based solutions to SMEs, enabling their digital presence. These developments can be seen to be in line with Reliance’s e-commerce venture JioMart’s plans, where it is also working with kirana stores and small businesses in the country, to bring them online. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/hike-is-selling-its-stake-in-winzo-as-kavin-mittal-enters-gaming-on-his-own/articleshow/81410221.cms">EXCLUSIVE: Hike is selling its stake in WinZO as Kavin Mittal enters gaming on his own</a>

Mukesh Ambani targets to take 50 million MSMEs online as Reliance launches JioBusiness

The <keyword id="1129131" type="PERSON" weightage="20" keywordseo="scientific-community">scientific community</keyword> has stated that they had hinted to the Central government about the <keyword id="2987267" type="PERSON" weightage="20" keywordseo="new-variants">new variants</keyword> of Covid-19 virus and also an increase in the cases in May this year. The community, however, did not make any prediction due to lack of data analysis. Dr. M. <keyword id="6541669" type="PERSON" weightage="20" keywordseo="vidyasagar">Vidyasagar</keyword>, who is a professor at <keyword id="6354859" type="COMPANY" weightage="20" keywordseo="IIt">IIT</keyword> (Hyderabad), stated that by March 13 this year Covid cases were showing an upward trend but as they did not have requisite data available so they did not make any prediction. Vidyasagar further stated that after they hinted, the government said the authorities made long- and medium-term plans to short-term plans. Based on the events of the past few weeks, however, those plans seem to have been inadequate, said Vidyasagar citing the current crisis of oxygen supply across the country. The IIT Kanpur study in April also stated that the daily cases in the second wave will increase by May 8. The Kanpur study also predicted a peak of 38 to 44 lakh active cases between May 14 and May 18. The scientists also stated in March that they had alerted the government about the new and more contagious variant of the coronavirus -- SARS-CoV-2 Genetics Consortium, or INSACOG. The institution was set up by the government in December last year, specifically to detect genomic variants of the coronavirus. The institution examined 10 national laboratories across the country studying virus variants. The institution first detected B.1.617 as early as February. Ajay Parida, director of the state-run <keyword id="3748353" type="COMPANY" weightage="20" keywordseo="institute-of-life-sciences">Institute of Life Sciences</keyword> and a member of INSACOG, reportedly stated that they first detected B.1.617 in February and alerted the government. The <keyword id="83655" type="COMPANY" weightage="20" keywordseo="Union-health-ministry">Union Health Ministry</keyword>'s <keyword id="6367874" type="COMPANY" weightage="20" keywordseo="national-centre-for-disease-control">National Centre for Disease Control</keyword> received the finding in March. The finding reportedly stated that the mutations, called E484Q and L452R, were of high concern. It stated E484Q mutant viruses escaping highly neutralising antibodies in cultures, and L452R mutation was responsible for both increased transmissibility and immune escape. The mutated versions of the virus could more easily enter a human cell and counter a person's immune response to it, according to the findings. The ministry put the findings in public domain in March stating that 'more problematic variants required following measures already underway'. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/tata-power-says-it-has-no-such-decision-on-an-ipo-for-its-renewable-energy-business/articleshow/82365533.cms" style="">Tata Power says it has ‘no such decision’ on an IPO for its renewable energy business</a> <a href="https://www.businessinsider.in/business/startups/news/gaming-startup-winzo-gives-complete-exit-to-hike-kavin-mittal-gets-four-times-return-on-investment/articleshow/82367340.cms" style="">Gaming startup WinZO gives complete exit to Hike – Kavin Mittal gets four times return on investment</a> <a href="https://www.businessinsider.in/india/news/adar-poonawalla-estimates-two-more-months-of-covid-19-vaccine-shortage-in-india/articleshow/82366770.cms">SII’s Adar Poonawalla estimates two more months of COVID-19 vaccine shortage in India — and the blame game is heating up</a>

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Here are 7 future unicorn startups that are founded by women!

Ankush Banerjee

Ahead of Nazara Technologies’ IPO, the CEO says its public listing will put Indian gaming on the world map

Sanchita Dash

She power: The top 10 youngest women entrepreneurs in India

Anagh Pal

Rebel Sena MLAs arrive in Assam as Maharashtra political crisis continues

PTI

India is betting on casinos, online games and horse races to fill its coffers

Rounak Jain

Mukesh Ambani targets to take 50 million MSMEs online as Reliance launches JioBusiness

Sanchita Dash

Warned the Centre about new COVID-19 variants and surge in cases, says scientist community

IANS

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