Bengaluru tops in women-led startups, Mumbai is second

INSUBCONTINENT EXCLUSIVE:
BENGALURU: The Karnataka capital is home to 1,783 women-led startups, followed by Mumbai and Delhi at 1,480 and 1,195 respectively, showed
data from startup data platform Tracxn
Noida, Kolkata, and Ahmedabad took the eighth, ninth and tenth spots with 324, 184 and 181 women-led startups respectively.With more than
China.Bengaluru has been one of the top startup ecosystems in India that has catalysed risk-taking among entrepreneurs with a conducive
policy framework
But the gender divide is still stark
A slew of initiatives from incubation programmes, grants and fellowships offered to women-founded startups are trying to address the gender
gap.Karnataka, for instance, is the first state in the country to provide grant-in-aid of Rs 50 lakh to encourage innovators who need
early-stage funding to startups without taking equity in return
Ofbusiness, Upstox, Lenskart and Open among the top 10 women-led startups in the country
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, in 2023, the number of rounds dropped to 185
The funding into women-led startups has decreased from 183 startups in 2014 to a mere 7 this year.The number of women-led unicorns from 2008
to 2018 was 14, the data showed
Nykaa, Mamaearth, Hasura, Pristyn Care, OfBusiness, Mobikwik, The Good Glamm Group, and Livspace are the other Indian unicorns with at least
one women co-founder.