India

BENGALURU: The Karnataka capital is home to 1,783 women-led startups, followed by Mumbai and Delhi at 1,480 and 1,195 respectively, showed data from startup data platform Tracxn.

Noida, Kolkata, and Ahmedabad took the eighth, ninth and tenth spots with 324, 184 and 181 women-led startups respectively.With more than 61,400 startups, India’s startup ecosystem has added more firepower to become the third-largest hub globally after the US and China.Bengaluru has been one of the top startup ecosystems in India that has catalysed risk-taking among entrepreneurs with a conducive policy framework.

But the gender divide is still stark.

A slew of initiatives from incubation programmes, grants and fellowships offered to women-founded startups are trying to address the gender gap.Karnataka, for instance, is the first state in the country to provide grant-in-aid of Rs 50 lakh to encourage innovators who need early-stage funding to startups without taking equity in return.

This programme has put the spotlight on women entrepreneurs, resulting in 30% winners being women founders.Tracxn counts Zomato, Byju’s, Ofbusiness, Upstox, Lenskart and Open among the top 10 women-led startups in the country.

The funding landscape for women-led companies showed a significant surge in the number of rounds, rising from 171 in 2014 to 460 in 2022.

However, in 2023, the number of rounds dropped to 185.

The funding into women-led startups has decreased from 183 startups in 2014 to a mere 7 this year.The number of women-led unicorns from 2008 to 2018 was 14, the data showed.

Bengaluru-based neobank Open, which became the 100th unicorn, has two women co-founders — also its COO Mabel Chacko and CFO Deena Jacob.

Nykaa, Mamaearth, Hasura, Pristyn Care, OfBusiness, Mobikwik, The Good Glamm Group, and Livspace are the other Indian unicorns with at least one women co-founder.





Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021


Buy Our Merchandise (Peace Series)

 


Contribute US to Start Broadcasting



It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.


STRIPE


Mutual funds industry adds 8.1 mn new investor accounts in Apr-May FY25


Essar to invest Rs 30,000 cr in green hydrogen plant in Gujarat over 4 yrs


[India] - I-T relief for those in least expensive slab might be considered in Budget: CII


Dharavi project: No land to Adani group, transfer to Maharashtra govt dept


Govt headhunter interviews eight people for HPCL top post; rejects them all


Mcap of 5 of top-10 valued firms jumps Rs 85,582 cr; LIC biggest gainer


Godavari Biorefineries files IPO, aims to raise Rs 325 cr via fresh issue


NCLT orders proceeding against Supernova developer Supertech Realtors


Rajasthan govt begins recalling some batches of MDH and Everest spices


The green journey: Cleaner fuels driving one-fifth of PVs sold in India


State-owned PFC signs arrangement with CVPPPL for Rs 1,870 crore term loan


[India] - Sebi cancels registration of Grovalue Fin Services for flouting standards


LG MyView evaluation: Productivity-focused display with television capability built-in


[India] - iOS 18 dev beta presents Live Voicemail with text transcription in India


[India] - Stock Market LIVE: Benchmarks trim early gains; Sensex up 250 pts, Nifty tops 23,350


Samsung unveils technology road map to lure AI chip makers to its mfg biz


Apple most likely to 'pay' OpenAI for ChatGPT through distribution, not cash


[India] - India will require to construct 100 mn homes this decade amidst rising earnings


Over 40 Indians among 49 killed in devastating fire in southern Kuwait


Whirlpool of India, HUL announce marketing alliance for Surf Excel


[India] - Costa Coffee posts 49% increase in revenue to Rs 152 cr in FY24, includes 67 shops


Gensol Engineering wins bidding for Rs 1,340 cr energy storage project


Taiwanese firm MediaTek designs Arm-based chip for Microsoft's AI laptops





53