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Under 15% of funded startups in 2021 led by women: Report

Meanwhile, startups founded solely by women in India raised $116.6 million, or a mere 0.25 percent of total funding bagged by private companies in 2021.

April 29, 2022 / 01:32 PM IST
Gender funding gap in India has slightly  narrowed over the years, but it still  exists, according to the female founders.

Gender funding gap in India has slightly narrowed over the years, but it still exists, according to the female founders.

Startups founded or co-founded by women in India bagged $6.7 billion in funding, amounting to 14.6 percent only of all the private capital raised by them in 2021, according to a report. However, Byju’s, with Divya Gokulnath as a co-founder, alone raised $2.5 billion in equity and debt financing, skewing the data.

Excluding the edtech major, the total funding raised by startups with at least one female founder stands lower at $4.2 billion. This amount is around nine percent of all funding raised in 2021, finds DealStreetAsia’s inaugural report on the gender funding gap in India.

Notably, out of a total 1,634 deals in 2021, those involving at least one female co-founder were only 329. The number of deals with only female founders was 47 and those with more than one female co-founder were only 28.

Meanwhile, startups founded solely by women in India raised $116.6 million, or a mere 0.25 percent of total funding bagged by private companies in 2021.