With 1,783 Women-led Startups, Bengaluru emerging as Women Startup Hub


According to data from startup analytics platform Tracxn, there are 1,783 women-led firms in Bengaluru, 1,480 in Mumbai, and 1195 in Delhi. Delhi Eighth, ninth, and tenth place went to Kolkata and Ahmedabad, with 324, 184, and 181 women-led enterprises, respectively.

After the US and China, India’s startup ecosystem has gained strength and is now the third largest hub globally.

There are around 61,400 startups in India. Bengaluru has emerged as a leading startup hub in India, encouraging risk-taking among entrepreneurs through a supportive policy environment. However, there is still a clear gender gap. Many programs, including fellowships, grants, and incubation programs for women-led businesses, aim to close the gender gap, but they need to take a huge step forward.

For example, Karnataka is the first state in the nation to offer grant-in-aid to companies for early stage funding of up to Rs. 50 lakhs, in order to support innovators who require funding but do not require ownership in return. Because of this program’s emphasis on female entrepreneurs, thirty percent of the winners are female founders.

Open, Lenskart, Upstox, Ofbusiness, Byju’s, and Zomato are listed as some of the top 10 female-led firms in the nation by Tracxn. The number of rounds of funding for women-led businesses increased significantly from 171 in 2014 to 460 in 2022. But in 2023, there was a significant decrease—there were just 185 rounds. There are now only seven women-led start-ups receiving investment this year, down from 183 in 2014.

Read More: https://womenworldindia.com/