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The Times of India
The Times of India
World
TOI World Desk

Sara Blakely invested $5,000 in Spanx while selling fax machines; 21 years later, it is worth $1.2bn

In 2000, Sara Blakely was working as a door-to-door fax machine salesperson when she decided to start her own business with $5,000 from her savings. Her idea was to develop a new type of women's undergarment that would offer greater comfort and support. However, she had no formal business training, had never attended a business class and had no outside investors. Nonetheless, she went on to establish Spanx, a company that would eventually become a major name in women's clothing.

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