Diwali is the Hindu “Festival of Lights” and it’s celebrated by more than 200,000 New Yorkers. The holiday starts on Monday, but festivities get underway this weekend.

One of them is a big gala here in the city and two of the co-hosts joined “News All Day” on Friday.

Anjula Acharia is a New York-based venture capitalist, entrepreneur and manager. One of her clients is the actress, Priyanka Chopra Jonas. Falguni Peacock is a clothing designer and founder of the Falguni Shane Peacock brand. She has worked with celebrities like Beyonce and Kylie Jenner.

Acharia says that the celebration is about food, fashion and light. She says it’s like an “Indian version of Hanukkah.”

Peacock says that it’s an opportunity for people to dress up in their finest saris, and other traditional clothing while also adding bindis.

Over one billion people are estimated to celebrate the festival around the world.