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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.
Union Budget 2021, which will be presented on February 1. And, the Indian startups hope
Finance Minister Nirmala Sitharaman will provide the necessary boost to the third-largest startup ecosystem.
Key deals
Makers Hive, a Hyderabad-based startup that has developed and built a bionic arm, raised $9 million from Starfish Growth Partners and Investpad.
Reckitt Benckiser led a Rs 45 crore funding round into Bombay Shaving Company. The HNIs who were part of this include Rajesh Sud, Anjali Bansal, and Kuldeep Jain.
Other transactions
Saveo Healthtech, a B2B ecommerce platform for pharmacies, raised $4 million in seed funding co-led by Matrix Partners India and RTP Global, with participation from Incubate Fund and India Quotient.
Report)
Indian startups are estimated to have received $10.14 billion in funding across more than 1,200 deals in 2020 despite the COVID crisis, a report by consulting firm HexGn said.
Harley Finkelstein, President of Shopify. (Image credit: Harley s Twitter)
Harley Finkelstein, President of Shopify, believes the future of retail is not online or offline or on social media. The future of retail is everywhere, he said, adding that conscious consumerism is here to stay, as the COVID-19 pandemic transformed consumer preferences in a very concrete, permanent way that had not been seen before.
Edited by Tenzin Pema
[Funding alert] Hospitality startup Vista Rooms raises Rs 10 cr led by DSG Consumer Partners
Co-founder Ankita Sheth said they plan to scale their network of properties to over 1000 within the next 18-24 months
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raised Rs 10 crore in funding led by
DSG Consumer Partners. Other investors including CA Holdings, Artha India Ventures and Anand Ladsariya also participated in this round.
Speaking about the raise, Ankita Sheth, Co-Founder of Vista Rooms said,
“We have seen an exciting secular shift in traveller behaviour: homestays are becoming the vacation of choice, encouraged by WFH and online school. As people become comfortable with the concept of staycations, we have seen our customers return for more bookings in new locations and homes. This sudden but lasting lifestyle change is an opportunity for Vista that is already leading to exponential growth.