India's more than 6,000 women-led startups remain unfunded: Tracxn
Female founders in India face funding biases, receive $300 million in nine-month In the Tech startup ecosystem in India, $8.7 billion was raised in 2023, with companies having women founders raised $1.15 billion, a share of 13% as per the data. In the current calendar year, women-led startups have witnessed $112 million in funding almost in line with $123 million raised in the first two months of 2023. Former Flipkart employees turn bosses, own more than 40 startups: Report Notably, the Indian Tech startup ecosystem ranks second after the US in terms of funding raised by companies with women founders.
A total of $23.2 billion has been raised by Indian startups with female founders to date. This Indian-origin mom's $1.3 bn startup is changing school conveyance in US The percentage contribution by women-led startups in the country has been more than 15% from 2020 to 2022. However, due to the funding winter and the global macroeconomic scenario, the funding has plunged massively.
On a global scale of startups with women founders, 2020 witnessed the highest funding contribution from the Indian startups of almost 17%. In the year 2020, women-led tech startups raised $2.90 billion of funds, against $17 billion by global tech startups with women founders. India's venture-debt market crossed $1 billion in 2023: Report Last year, tech startups with women founders witnessed $1.10 billion of funding in contrast to $15.19 billion raised by women-led global tech firms.
Read more on livemint.com
