A month into 2021, these women entrepreneurs have sealed important funding deals
From managing public transport to popularising traditional Indian handicrafts, these women led-startups have raised funding this month.
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One of the biggest difficulties that entrepreneurs face is raising funds from the right investors. The process is even more challenging for women entrepreneurs.
Despite a 11-time increase in women entrepreneurs in the tech space between 2018 and 2020, they secured only 1.43 percent of the funding deals between this period, according to the State of Women in Tech Entrepreneurship, a report released by
MAKERS India and YourStory Media.
However, several women have managed to close successful funding deals even as the economy slowed down last year due to the COVID-19 pandemic.
[Weekly funding roundup] Venture investments drop below $50M; Digit Insurance becomes 2021 s first unicorn
The total funding for the week stood at $45 million, much below the $612 million reported in the previous week. In fact, Digit Insurance became the first unicorn of 2021, valued at $1.9 billion.
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The total venture capital funding into Indian startups in the third week of January 2021 was below $50 million. However, it did not mask the flurry of developments during this week, largely centred around the unicorns.
The total funding for the week stood at $45 million, much below the $612 million reported in the previous week. In fact, the Indian startup ecosystem welcomed its first unicorn of the year Digit Insurance valued at $1.9 billion after its latest fundraise.