08 March 2024 – India’s startup landscape boasts over 8,000 women-led ventures, collectively securing impressive funding of nearly $23 billion, according to a recent report by Tracxn, a leading market intelligence platform.
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Key Findings:
- Women entrepreneurs command a noteworthy 18% share in the Indian tech industry’s startup domain, with over 14% representing funded companies.
- Women-led startups carve out a substantial 14.8% portion of Indian tech funding, amounting to nearly $155 billion.
- Delhi-NCR leads the formation of women-led startups, closely trailed by Bengaluru and Mumbai.
- Of the 2,000 funded women-led startups, approximately 13.4% have advanced to the Series A stage, while 3% have reached Series C or beyond.
- The B2C e-commerce sector leads with 3,434 companies, followed by internet-first brands and software-as-a-service.
The share of funding raised by women-led startups has witnessed a significant rise, accounting for over 15% of India’s overall startup funding from 2020 to 2022.
The first two months of 2024 alone saw $100 million in funding within this space. Prominent investors in the women-led startup sector include LetsVenture, Wellfound, and Venture Catalysts, contributing actively to the thriving ecosystem.
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Conclusion:
India’s vibrant startup ecosystem demonstrates the substantial contribution of women entrepreneurs in terms of numbers and securing substantial funding. The report reflects a positive trajectory for women-led startups, showcasing their increasing prominence and impact in the dynamic Indian startup landscape.
