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Round 18 per cent of India’s unicorn startups are based or co-founded by ladies and 20 different corporations are in pipeline to turn into unicorn, a joint research mentioned on Tuesday.
The research carried out by TiE Delhi NCR, analysis agency Zinnov, Google, NetApp and enterprise capital agency Indian Angel Community discovered that regardless of comparable metrics, success, and excessive entrepreneurial intent, socio-cultural obstacles hinder ladies founders’ development.
“Roughly 18 per cent of India’s whole unicorns are based by ladies, with 20 Potential Unicorns within the pipeline,” the research mentioned.
The startups which can be within the pipeline to turn into unicorns embrace WinZO, Doubtnut, Infinity Be taught, Locus, Pratilipi, Portea, SirionLabs, and many others.
Girls based or co-founded start-ups which have already turn into unicorns embrace acko, BYJU’s Pristyn Care, MyGlamm, MobiKwik, Open and many others.
The entire valuation of unicorn constructed by ladies founders stands at over USD 30 billion and whole fairness investments raised by them is over USD 12 billion.
The research, nonetheless, discovered an enormous gender disparity within the Indian start-up ecosystem.
“Disparity in ticket dimension induced ladies founders to face an funding lack of about USD 3.7 billion over the previous 3 years,” the research mentioned.
In accordance with the research, from an investor’s perspective, ladies founders come throughout as extra cautious in comparison with their male counterparts, which lowers deal dimension gives to them.
“Girls founders face extra scrutiny on their dedication in comparison with their male counterparts which makes negotiations more difficult from their standpoint,” the research mentioned.
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