BENGALURU: Ivanka Trump, daughter of US President Donald Trump, highlighted a key side of the Global Entrepreneurship Summit she shall be attending this week — that is the primary time in the startup event's eight years that there shall be extra women folk contributors than males, comprising 52%. But beyond the high-power event, the image for ladies entrepreneurs in India still appears to be like bleak.
A Nasscom file launched this month shows women folk include simplest 11% in a base of five,000 startups in India. This is just a percentage point development from last 12 months, when there have been four,750 generation startups.
The collection of women folk entrepreneurs who have gained mission capital (VC) funding is even smaller — simplest 3% of women-run startups are funded, in keeping with Saha Fund. The drawback, in keeping with Saha Fund CEO Ankita Vashishta, is that there aren't many women buyers. "This cuts down networking opportunities for women entrepreneurs. We started the fund because we realised there were hardly any women investors and not enough platforms to support women founders," she mentioned.
Saha Fund has so far, sponsored 10 women-led startups, of which five have long gone directly to secure series-A funding.
But there are others who have a special argument: why should simplest women folk invest in women folk?
Falguni Nayar, founding father of beauty merchandise platform Nykaa, mentioned she brushed aside advice she gained whilst starting the corporate to way a girl investor. "I have had male investors interested in the business model and ready to back the technology. Funding should have nothing to do with men or women," mentioned Nayar, a former investment banker.
Vani Kola, one of the crucial few main feminine mission capitalists in the country, has an identical perspectives.
"The question is, how many women are there in the pool of tech product-oriented founders? Funding comes when there is innovation and disruption," Kola mentioned The solution to the query — the place are the ladies in entrepreneurship? —should then start with another query — the place are the ladies in tech? Case in point, at IIT-Madras, which has been the launchpad for a number of a success product and intellectual property-led startups, out of a complete 252 entrepreneurs who have been a part of the IIT-M incubation cell, simplest 22 had been women folk and simplest 4 women-led startups have raised external price range.
Apart from the "supply" crunch, serial entrepreneur and Portea CEO Meena Ganesh additionally pointed to different challenes women folk entrepreneurs face—attracting talent and convincing VCs about their long-term dedication. "Till a few years ago, hiring talented men as senior employees was a big problem for women entrepreneurs, but with some success stories, this is changing," Ganesh mentioned.
Swati Bhargava, cofounder of Cash-Karo, mentioned breaking stereotypes and biased attitudes in opposition to businesswomen is a large problem. "I have met a couple of senior male VCs who only talked to my husband (a cofounder) and didn't really acknowledge me," Bhargava mentioned. "This has also happened with vendors. A few years ago, when we were running a marketing campaign, I was asking a few questions to an advertiser about the dimensions of a hoarding but he told me he would rather talk to my husband and that it was beyond my ability," she mentioned.
Overall, regardless that, the momentum for ladies turning into a success entrepreneurs is picking pace. "Five years ago, the percentage of women in entrepreneurship was 7%, so there has been a gradual pickup," mentioned Sangeeta Gupta, senior vice chairman at Nasscom. Kola may be certain. "If we look at global averages in terms of women entrepreneurs, we are on par or higher. But that doesn't mean we cannot do better." In america, the numbers are fairly better, however businesswomen still have their very own share of struggles. According to america Women's Chamber of Commerce, women folk run 10 million companies in america, representing 36% of overall companies.
Desi Women Tech Leaders 'WISE' up
HYDERABAD: Women leaders of a number of major tech firms like Intel, IBM and so on, on Monday introduced the launch of a gaggle referred to as WISE that will center of attention on women folk entrepreneurs and assist scale up their startups thru strategic investments. They are in talks with NITI Aayog, the federal government of India and USIBC for funding and would be making an investment in startups across sectors. WISE or Women enabling innovations, inventions, social and entrepreneurship compromises of trade leaders like Nivruti Rai, country head, Intel, Nisha Biswal, president, US-India Business Council (USIBC), Vanitha Narayanan, chairman, IBM India, Vani Kola, managing director, Kalaari Capital and Kiran Majumdar-Shaw, CMD, Biocon.
GES TO KICK OFF TODAY
Ivanka has a Date with H'dangerous
HYDERABAD: The town is all set to host the eighth version of the Global Entrepreneurship Summit (GES), which shall be inaugurated by means of PM Narendra Modi on Tuesday. Union ministers Sushma Swaraj, Nirmala Sitharaman and Suresh Prabhu shall be attending the summit. After the inauguration, US President Donald Trump's daughter and advisor Ivanka Trump and Indian Defence Minister Sitharaman shall be taking part in a panel dialogue on opening up of opportunities for ladies entrepreneurs. The dialogue shall be moderated by means of John Chambers, chairman emeritus Cisco. Ivanka will lead a delegation from america on the three- day event. More than 10 international locations, including Afghanistan, Saudi Arabia and Israel, shall be represented by means of their all-women delegation. The summit may have the theme 'Women First, Prosperity for All'. — PTI
A Nasscom file launched this month shows women folk include simplest 11% in a base of five,000 startups in India. This is just a percentage point development from last 12 months, when there have been four,750 generation startups.
The collection of women folk entrepreneurs who have gained mission capital (VC) funding is even smaller — simplest 3% of women-run startups are funded, in keeping with Saha Fund. The drawback, in keeping with Saha Fund CEO Ankita Vashishta, is that there aren't many women buyers. "This cuts down networking opportunities for women entrepreneurs. We started the fund because we realised there were hardly any women investors and not enough platforms to support women founders," she mentioned.
Saha Fund has so far, sponsored 10 women-led startups, of which five have long gone directly to secure series-A funding.
But there are others who have a special argument: why should simplest women folk invest in women folk?
Falguni Nayar, founding father of beauty merchandise platform Nykaa, mentioned she brushed aside advice she gained whilst starting the corporate to way a girl investor. "I have had male investors interested in the business model and ready to back the technology. Funding should have nothing to do with men or women," mentioned Nayar, a former investment banker.
Vani Kola, one of the crucial few main feminine mission capitalists in the country, has an identical perspectives.
"The question is, how many women are there in the pool of tech product-oriented founders? Funding comes when there is innovation and disruption," Kola mentioned The solution to the query — the place are the ladies in entrepreneurship? —should then start with another query — the place are the ladies in tech? Case in point, at IIT-Madras, which has been the launchpad for a number of a success product and intellectual property-led startups, out of a complete 252 entrepreneurs who have been a part of the IIT-M incubation cell, simplest 22 had been women folk and simplest 4 women-led startups have raised external price range.
Apart from the "supply" crunch, serial entrepreneur and Portea CEO Meena Ganesh additionally pointed to different challenes women folk entrepreneurs face—attracting talent and convincing VCs about their long-term dedication. "Till a few years ago, hiring talented men as senior employees was a big problem for women entrepreneurs, but with some success stories, this is changing," Ganesh mentioned.
Swati Bhargava, cofounder of Cash-Karo, mentioned breaking stereotypes and biased attitudes in opposition to businesswomen is a large problem. "I have met a couple of senior male VCs who only talked to my husband (a cofounder) and didn't really acknowledge me," Bhargava mentioned. "This has also happened with vendors. A few years ago, when we were running a marketing campaign, I was asking a few questions to an advertiser about the dimensions of a hoarding but he told me he would rather talk to my husband and that it was beyond my ability," she mentioned.
Overall, regardless that, the momentum for ladies turning into a success entrepreneurs is picking pace. "Five years ago, the percentage of women in entrepreneurship was 7%, so there has been a gradual pickup," mentioned Sangeeta Gupta, senior vice chairman at Nasscom. Kola may be certain. "If we look at global averages in terms of women entrepreneurs, we are on par or higher. But that doesn't mean we cannot do better." In america, the numbers are fairly better, however businesswomen still have their very own share of struggles. According to america Women's Chamber of Commerce, women folk run 10 million companies in america, representing 36% of overall companies.
Desi Women Tech Leaders 'WISE' up
HYDERABAD: Women leaders of a number of major tech firms like Intel, IBM and so on, on Monday introduced the launch of a gaggle referred to as WISE that will center of attention on women folk entrepreneurs and assist scale up their startups thru strategic investments. They are in talks with NITI Aayog, the federal government of India and USIBC for funding and would be making an investment in startups across sectors. WISE or Women enabling innovations, inventions, social and entrepreneurship compromises of trade leaders like Nivruti Rai, country head, Intel, Nisha Biswal, president, US-India Business Council (USIBC), Vanitha Narayanan, chairman, IBM India, Vani Kola, managing director, Kalaari Capital and Kiran Majumdar-Shaw, CMD, Biocon.
GES TO KICK OFF TODAY
Ivanka has a Date with H'dangerous
HYDERABAD: The town is all set to host the eighth version of the Global Entrepreneurship Summit (GES), which shall be inaugurated by means of PM Narendra Modi on Tuesday. Union ministers Sushma Swaraj, Nirmala Sitharaman and Suresh Prabhu shall be attending the summit. After the inauguration, US President Donald Trump's daughter and advisor Ivanka Trump and Indian Defence Minister Sitharaman shall be taking part in a panel dialogue on opening up of opportunities for ladies entrepreneurs. The dialogue shall be moderated by means of John Chambers, chairman emeritus Cisco. Ivanka will lead a delegation from america on the three- day event. More than 10 international locations, including Afghanistan, Saudi Arabia and Israel, shall be represented by means of their all-women delegation. The summit may have the theme 'Women First, Prosperity for All'. — PTI
Ivanka Trump may be here, but it’s still no country for women entrepreneurs
![Ivanka Trump may be here, but it’s still no country for women entrepreneurs]()
Reviewed by Kailash
on
November 28, 2017
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