New Delhi: India is now house to greater than 8,000 startups which have ladies founders with a cumulative funding of almost $23 billion until now, a report confirmed on Thursday.
Women entrepreneurs’ share of startups within the Indian tech business exceeds 18 per cent, and amongst funded corporations, the share is greater than 14 per cent, in response to the report by Tracxn, a number one market intelligence platform.
Women-led startups symbolize a major 14.8 per cent share of the general Indian tech funding pie at almost $155 billion.
The Delhi-NCR area takes the lead by way of the variety of women-led startups shaped until now, adopted by Bengaluru and Mumbai.
More than 2,000 startups led by ladies have acquired funding until now, leaving round 6,000 unfunded corporations, of which 590 have income of greater than $30,000, the findings confirmed.
The share of funding raised by women-led startups within the nation has risen previously decade, accounting for greater than 15 per cent of the general startup funding in India from 2020 until 2022.
The first two months of 2024 on this area have witnessed $100 million in funding.
There are 2,300 funded women-led startups, of which 13.4 per cent have progressed to the Series A stage and three per cent have gone on to the Series C stage or past.
The Indian tech startup ecosystem ranks second after the US, by way of funding raised by corporations with ladies founders.
The B2C e-commerce area takes the lead with 3,434 corporations, adopted by internet-first manufacturers with 1,355 corporations and software-as-a-service with 1,181.
LetsVenture, Wellfound and Venture Catalysts are probably the most energetic buyers on this area, stated the report.
Source: zeenews.india.com
