What awaits the women entrepreneurs in India? This year’s VC market is favorable to women entrepreneurs.
Few venture capitalists in India could have foreseen the magnitude of the decline that ultimately occurred, but many did predict that deal-making would decrease from the record-breaking year-earlier pace. The Indian VC market ended the month of December on a noticeably less upbeat note than in years past due to persistent uncertainty regarding the length of time that the current venture capital market conditions would last and the full extent of their effects on businesses.
Both female investors and women entrepreneurs agree that a slower pace of deal-making this year will be to both their and the company’s advantage. However, they also agree that some of the most exciting opportunities are with female-led companies. The fact that female-founded businesses still receive significantly less funding than startups led by men is one of the main causes. As a result, these businesses have had to learn how to be cash efficient, a skill that many more startups will need this year.
In India, the number of female business owners has increased significantly in recent years. According to a NASSCOM survey, the proportion of women-led startups in India rose from 8% in 2014 to 13% in 2019. The IBEF also cites stronger return potential and a high-risk tolerance as some other convincing arguments for investing in women-run enterprises. According to a KPMG report, 43% of women are more inclined to take chances. Investors and businesspeople anticipate this for the upcoming year. The main points are listed here.
According to Divya Gokulnath, Co-Founder of BYJU’S, women entrepreneurs should be judged on their courage of conviction rather than their gender. When men and women are dropped as prefixes and leadership development is prioritized, they can only create an egalitarian future.
Having said that, the year 2022 was significant. According to her, we saw a continued rise of women breaking down barriers in all spheres in Droupadi Murmu, India elected its first tribal woman president; in Nykaa, led by Falguni Nayak, who successfully raised money in an initial public offering; in Madhabi Buch, who is making history as the first female chairperson of SEBI and in Savita Punia and company, winning the FIH Hockey Women’s Nations Cup in Spain, which was the perfect way to end These role models have transcended multiple layers of generational prejudices to inspire optimism in the future.
The Indian economy has been praised as one of the fastest-growing in the globe during the past few years, according to Aakanksha Bhargava, CEO of PM Relocations Pvt Ltd. This increase in economic activity is the consequence of the hard work of many brilliant business owners and entrepreneurs. Female business owners and entrepreneurs have also made a significant contribution to India’s economic growth.
The surge in female entrepreneurs has positively impacted India’s social and economic demographics. Women business owners should concentrate on developing the core competencies and skills necessary for them to properly appreciate their rarity and communicate their unique influence.
We are going through a very exciting time in the country right now where we are designing, developing, and providing goods and services in India and for the rest of the world, according to Madhumita Agrawal, Co-Founder & CEO, of Oben Electric. What’s more intriguing to observe is that women are leading the way as entrepreneurs, creating billion-dollar companies on their own, taking risks, and raising capital despite significant obstacles.
2023 will be a year of great difficulty and a big reward for entrepreneurs, according to Priyanka Kanwar, Co-Founder of Falcon. For women entrepreneurs in the tech sector, the current economic reset offers a rare opportunity to review their plans and give creative ideas and sound business procedures priority above “growing at all costs” expansion. The startups that address real issues will expand the fastest as consumers become more discerning, there is less clutter, and we make more significant strides.