New Delhi:
Women-led tech start-ups in India are second after the United States in all-time funding, a new report has revealed. These ventures have raised a mammoth $26 billion in capital, PTI reported. The highest amount raised was $6.3 billion in 2021.
More than 7,000 startups led by women account for 7.5% of the total active startups in the country, according to Tracxn, a startup research and analytics firm.
India’s IT hub Bengaluru takes the top position when it comes to the number of women-led startups as well as the total funds raised to date, Tracxn reported. Bengaluru is followed by Mumbai and Delhi-NCR.
In the past few years, women-led unicorns in India have gone through several highs and lows. With eight new unicorns, it saw a big surge in 2021, followed by five in 2022. This came after a steady growth in 2019 with three unicorns. In 2020, the country had four. But there were no new unicorns in 2017, 2023, and 2024, indicating fluctuating momentum, the report highlighted, adding that “despite these setbacks, women entrepreneurs continue to drive innovation”.
To foster a more consistent rise in women-led unicorns in the country, strong financial backup, ecosystem support and mentorship are crucial, it stated.
In 2021, women-led startups marked the highest number of acquisitions, having 45 buyouts. The…
