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Women-led startup share exceeds 8% in Indian tech industry
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Staff Reporter | 08 Mar, 2023
Women entrepreneurs' share of startups in the Indian tech industry has
exceeded 8 per cent, and surpassed more than 18 per cent among funded
companies share, a new report said.
Out of the 2,200
women-led startups in India that have received funding, 36 per cent have
progressed to the Series A stage, and 24 per cent have gone on to
Series D stage or beyond, according to Tracxn, a leading market
intelligence platform.
The number of active investors investing
in women-led startups has seen a steady increase since 2010, with a
sharp year-on-year jump of 42 per cent in 2021, the findings showed.
Women-led startups have outperformed the Indian startup ecosystem generally in 2022 as per the stage-by-stage breakdown.
Among
the cities in India, Women-led startups in Bengaluru have raised the
highest funding of $11.3 billion, followed by Delhi-NCR ($5.7 billion)
and Mumbai ($3.5 billion).
In 2021, 5 startups led by women went public, while in 2022 there was only 1 woman-led company that had an IPO, the report said.
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