November 19, 2023
1 min read

Bengaluru Leads with 1783 Women-Led Ventures

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….reports Asian Lite News

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.

ALSO READ: Kerala Seeks Investor Allies

Previous Story

Sam Altman Fired Over Communication Issues

Next Story

South Africa to Shut Israel Embassy

Latest from Business

China Curbs Hit India’s Electronics Boom

The ICEA noted this results in delays, inefficiencies, and higher costs — alternatives from Japan or Korea cost up to four times more than Chinese machinery. India’s transformation into a global electronics

India Maps 8.52 MT Rare Earth Reserves

The Atomic Minerals Directorate for Exploration and Research (AMD) and the Geological Survey of India (GSI) are actively exploring and augmenting rare earth resources, while the GSI alone has added 482.6 million

‘India’s Digital Hub Ascends’

The event also featured discussions on the Quad Partnership for Cable Connectivity and Resilience, reiterating commitments made during the July 1 Quad Foreign Ministers’ Meeting India’s growing role as a key digital

India’s Job Market Surges

With hiring levels on the rise, compensation is expected to increase by 12-15% in metro cities and by 18-22% in emerging cities India’s festive season this year is poised to create more
Go toTop

Don't Miss

Karnataka’s polarising politics casts a shadow on Bengaluru

The loss of reputation of Bengaluru city at the global

‘Protecting Constitution is of utmost importance’

Kharge also criticized Union Home Minister Amit Shah, for insulting