This study aims to highlight the perceptions of entrepreneurship students in Indian private universities towards factors that affect women's entrepreneurial success in the future. The study adopted an exploratory way to explore the factors affecting women entrepreneurs in family businesses. The data for the study was collected from students studying in higher education institutions by conducting interviews using the interpretative phenomenological analysis (IPA) technique with 26 respondents. The institutions were finalized based on their record for running entrepreneurship programs at the postgraduate level. The study provides a base for developing nations with non-egalitarian contexts to encourage women to join family businesses.