Latest News | 20 Women-led Startups in Pipeline to Become Unicorn: Study
Get latest articles and stories on Latest News at LatestLY. Around 18 per cent of India's unicorn startups are founded or co-founded by women and 20 other firms are in pipeline to become unicorn, a joint study said on Tuesday.
New Delhi, Mar 21 (PTI) Around 18 per cent of India's unicorn startups are founded or co-founded by women and 20 other firms are in pipeline to become unicorn, a joint study said on Tuesday.
The study conducted by TiE Delhi NCR, research firm Zinnov, Google, NetApp and venture capital firm Indian Angel Network found that despite comparable metrics, success, and high entrepreneurial intent, socio-cultural barriers hinder women founders' growth.
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"Approximately 18 per cent of India's total unicorns are founded by women, with 20 Potential Unicorns in the pipeline," the study said.
The startups that are in the pipeline to become unicorns include WinZO, Doubtnut, Infinity Learn, Locus, Pratilipi, Portea, SirionLabs, etc.
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Women founded or co-founded start-ups that have already become unicorns include acko, BYJU's Pristyn Care, MyGlamm, MobiKwik, Open etc.
The total valuation of unicorn built by women founders stands at over USD 30 billion and total equity investments raised by them is over USD 12 billion.
The study, however, found a huge gender disparity in the Indian start-up ecosystem.
"Disparity in ticket size caused women founders to face an investment loss of about USD 3.7 billion over the past 3 years," the study said.
According to the study, from an investor's perspective, women founders come across as more cautious compared to their male counterparts, which lowers deal size offers to them.
"Women founders face more scrutiny on their commitment compared to their male counterparts which makes negotiations more challenging from their point of view," the study said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)