In keeping with a report revealed Wednesday by the Nationwide Affiliation of Software program and Companies Corporations (Nasscom) in collaboration with Zinnov, 18 per cent of startups in India are led by no less than one lady founder or co-founder. Of those, the variety of unicorns and potential unicorns come as much as round 36 in 2022.
Indicating the rise of ladies leaders in India’s start-up ecosystem, the report additionally discovered that between 2019 and 2022, 17% of funding offers in India had been raised by startups with ladies leaders.
The report learn, “The share share of women-founded start-ups throughout phases of development is in step with their participation within the ecosystem – indicating equal odds of success in comparison with their male counterparts. Thus, offering proof of the ladies’s intent and functionality to play a job within the nation’s financial development and the essential want for accelerating DE&I initiatives.”.
In keeping with the report, the share of startups established in rising places rose from 34% in 2021 to 39% in 2022. India continues to play a dominant position taking the third spot within the international startup sector with no less than 25,000-27,000 energetic tech startups. The US tops the checklist with China in second place.
The report highlighted that startups in India doubled down on operational effectivity as an alternative of sacking employees or winding down operations in 2022. Final 12 months, India noticed the addition of almost 1,300 recent startups and the second highest variety of unicorns on the planet.
In comparison with 2021, there was an 18 per cent spike within the quantity (1,400) of startups that acquired funding.
President Droupadi Murmu, in October 2022, had inaugurated ‘herSTART’, a platform to encourage ladies entrepreneurs. The federal government of India has additionally launched a month-to-month allowance of ₹20,000 for as much as one 12 months for women-led startups.