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Just 7 women-led startups in India receive funding this year

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Just 7 women-led startups in India receive funding this yearNovember 18, 2023New Delhi, Nov 18 (IANS) Funding in women-led startups in India decreased from 183 startups in 2014 to a mere 7 this year to date, according to a new report.The funding landscape for women-led companies showed a significant surge in the number of rounds, rising from 171 in 2014 to 460 in 2022. However, there was a sharp decline in 2023, with the number of rounds dropping to 185, according to a report from leading market intelligence platform Tracxn. Zomato, Byju’s Lenskart and Zerodha are among India’s top 10 women-led startups. Data suggests that Bengaluru hosts a significant 1783 women-led startups, in stark contrast to Ahmedabad, which has a total of 181 women-led startups. Meanwhile, India saw a third consecutive drop in tech funding in a quarter this year, with the July-September period (Q3) becoming the least-funded quarter in the last five years. Q3 2023 saw a significant drop in funding, with a total of $1.5 billion raised, marking a 29 per cent decrease from the previous quarter and a staggering 54 per cent decline compared to Q3 2022, according to Tracxn. Late-stage rounds witnessed a 33 per cent reduction, while early-stage and seed-stage funding plummeted by 74 per cent and 75 per cent, respectively, compared to the same quarter last year. –IANS na/prwhttps://ians.in/detail/just-7-women-led-startups-in-india-receive-funding-this-year–20231118130305/

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