8000 Indian firms run by women have raised more than Rs 190335 crore in funding: Report

<p>According to a research released on Thursday, there are already over 8,000 businesses in India led by women, and they have received capital totaling around $23 billion (Rs 190335 crore) to far.</p>
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<p>In the Indian IT sector, the proportion of female entrepreneurs in startups surpasses 18%, and among financed firms, it stands at over 14%, according a research by prominent market information platform Tracxn.</p>
<p>At over $155 billion, women-led businesses account for a substantial 14.8% of all Indian tech financing.</p>
<p>When it comes to the number of women-led businesses that have been founded so far, the Delhi-NCR area leads, followed by Bengaluru and Mumbai.</p>
<p>According to the data, over 2,000 female-led firms have gotten finance to far, leaving almost 6,000 unfunded businesses, 590 of which generate more than $30,000 in revenue annually.</p>
<p>Over the course of the last ten years, the amount of money raised by female-led businesses in the nation has increased, making up over 15% of total startup investment in India from 2020 to 2022.</p>
<p>In this field, $100 million in financing has been provided in the first two months of 2024.</p>
<p>Out of the 2,300 women-led firms that have received funding, 13.4% have advanced to the Series A stage, and 3% have reached the Series C level or above.</p>
<p>In terms of the amount of capital raised by businesses with female founders, the Indian digital startup scene comes in second place to the US market.</p>
<p>With 3,434 businesses, the B2C e-commerce market leads, followed by software-as-a-service (1,181) and internet-first brands (1,355).</p>
<p>According to the research, the most active investors in this field are LetsVenture, Wellfound, and Venture Catalysts.</p>