Funding for Women-led Startups in India Reaches $930 Million in 2024
Click to start listening
New Delhi, Jan 5 (NationPress) The Indian startup landscape has undergone significant transformations recently, with a remarkable surge in the involvement of female entrepreneurs. The financing for women-led startups has skyrocketed by more than 90 percent in 2024.
Women are increasingly stepping into roles as founders and co-founders, while a growing number of investors are focusing their attention on women-led enterprises.
As per the Indian Startup Funding Report 2024 published by Inc42, startups led by women have successfully secured approximately $930 million through 136 deals in 2024. This is a significant jump from $480 million across 118 deals in 2023, reflecting a remarkable year-on-year increase of 93.75 percent.
The fintech sector has emerged as the leader in attracting funding for women-led startups, accounting for 28.7 percent or $266.91 million of the total investment. Following closely is the e-commerce sector, which secured 22.8 percent or $212 million, while the enterprise tech sector came in third with 14 percent or $130 million.
Notably, the fintech sector achieved this remarkable funding through just 17 deals, while the e-commerce sector garnered $212 million through 53 deals.
In addition, the health tech and cleantech sectors contributed 11 percent ($102.3 million) and 14.1 percent ($130.93 million) respectively to the overall funding.
Moreover, in 2024, a total of 13 new-age companies made their initial public offerings (IPOs), collectively raising over ₹29,200 crore from the stock market.
The 13 startups raised a total of ₹29,247 crore from the capital market, with a fresh issue amounting to nearly ₹14,672 crore and ₹14,574 crore from the Offer for Sale (OFS).
Among these IPOs, 10 were mainboard listings while three were SME IPOs.
The featured startup IPOs include TAC Security, Unicommerce, MobiKwik, TBO Tek, Ixigo, Trust Fintech, FirstCry, Menhood, Awfis, Swiggy, Digit Insurance, Blackbuck, and Ola Electric.
