Gender inequality is an obstacle to inclusive growth, and literature reveals shortcomings in the basic entrepreneurial assumption of equal access to resources, support and economic opportunities for women. International bodies have emphasised the need to examine gender differentials at various levels like, country, organisational and individual levels. Our study is a novel attempt in this direction and aims to build a comprehensive understanding of gender differentials in entrepreneurship using multi-method research design. We analyse and integrate findings from the macro-level using national level datasets (NSSO and Economic Census) and the micro-level using surveys (primary data and GEM India data). Our results note a gender equality lacuna, calling for the need to include meaningful sex-disaggregated data in national surveys, the entrepreneurial intentions of women, behavioural traits impacting women entrepreneurs, the importance of entrepreneurship education, fear of failure, self-confidence and the need for role models. We propose a model of macro and micro factors impacting women entrepreneurship in developing countries.