Entrepreneurship | Funding of women-led tech startups fell by 75% in 23

BENGALURU: Ladies-led tech startups managed to safe solely $1.1 billion in funding in 2023, a 75% drop from $4.5 billion in 2022. and geographic places, in line with Tracxn knowledge.

It says it has raised $100 million in funding within the first two months of this yr, up from $103 million in the identical interval final yr. Curiously, 2021 was essentially the most funded yr as these startups raised $6.5 billion, as they skilled greater than 100% funding development throughout varied phases.

Nonetheless, after 2021, total funding declined throughout all phases, apart from early-stage startups, which noticed a 97 % enhance in 2022, reaching $1.5 billion over the earlier yr.

With over 2,300 startups, the Delhi-NCR area leads the way in which when it comes to the variety of women-led startups based to this point, adopted by Bengaluru and Mumbai with 1,795 and 1,497 startups respectively. The report added that 2021 noticed the best presence of women-led unicorns, with greater than 65 % of those startup unicorns being led by ladies in 2021 and 2022.

“In 2023, 13% of the overall funding within the India tech house got here from women-led startups as they raised $1.1 billion. There are 2,300 funded women-led startups of which 13.4% have reached the Collection A stage. has grown and three% have gone to the Collection C stage or past. 2,316 of the businesses based have efficiently obtained funding. As well as, there are about 6,000 corporations within the house, of which 590 corporations has an revenue of greater than $30,000.

One other report by Personal Circle Analysis means that 57 out of 112 unicorns have zero ladies on their boards. It discovered 14 unicorns that had multiple feminine director on their board. Whereas Zomato has 4 ladies administrators, startups like Incred, Coverage Bazaar and Paisa Bazaar have three ladies administrators.

As for the highest sectors in women-led startups, B2C e-commerce leads with 3,434 corporations, adopted by Web-first manufacturers with 1,355 corporations and SaaS with 1,181 corporations, in line with Tracxn’s report. Rising sectors embody vogue tech, marketplaces, and B2C vogue e-commerce.