StartUps

A Tracxn research states that over 75% of women-led enterprises are still unfunded.

A Tracxn research states that over 75% of women-led enterprises are still unfunded.

By Kajal Sharma - 16 Mar 2024 04:25 PM

According to a recent Tracxn analysis, India is home to over 8,000 firms that were created by women and have raised a total of about $23 billion in funding to date. Nevertheless, 590 of these firms make more than $30,000 in revenue, while 6,000 of them are still unfunded.The Department for Promotion of Industry and Internal Trade has statistics that shows there are 117,254 startups in the nation right now.According to a recent Tracxn analysis, India is home to over 8,000 firms that were created by women and have raised a total of about $23 billion in funding to date. Nevertheless, 590 of these firms make more than $30,000 in revenue, while 6,000 of them are still unfunded.Gender prejudice is pervasive in India's startup scene, as seen by the over 6,000 startups with female founders that have not received funding yet. Tracxn data indicates that over 8,800 Indian businesses led by women have raised a total of over $23.3 billion in funding.

On the other hand, up to 2,300 firms led by women have secured funding thus far. Approximately 1,000 of them are in the Seed stage, 251 are in the Early stage, and 67 are in the Late stage at the moment.Over the last three years, VC financing for firms run by women has decreased by 75%. According to Tracxn data, VC financing for women-led firms peaked in 2021 at $6.5 billion, but by 2023, it had dropped to $1.1 billion.According to data, the tech startup ecosystem in India raised $8.7 billion in 2023. Of that amount, $1.15 billion was raised by companies led by women, accounting for 13% of the total.$112 million in funding has been given to women-led firms so far this year, nearly matching the $123 million raised in the first two months of 2023.

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