Nearly 75% of women-led startups are still unfunded, according to the Tracxn report

India is home to more than 8,000 female-founded startups, which have raised a total of nearly $23 billion in funding to date, according to a recent report by Tracxn. However, 6,000 of these startups remain unfunded, despite 590 of them generating revenues of more than $30,000.

There are currently 117,254 startups in the country, according to data from the Department for Promotion of Industry and Internal Trade.

The representation of women entrepreneurs in the Indian technology industry stands at over 18 percent, with funded companies accounting for over 14 percent of the share, according to the Tracxn report. Over the past decade, the share of funding raised by women-led startups has steadily increased, accounting for more than 15 percent of total startup investments in India between 2020 and 2022.

First print: March 9, 2024 | 12:25 pm IST