WOMEN WITH THE SEAT AT THE CAPTABLE COULD ADD $550BN TO INDIA'S GDP
As per the Women in Startup Ecosystem Report (WISER) released in October, the share of women-led startups in India has risen to 18% of the overall startup ecosystem in 2022, from 10% in 2017. The report also mentions that the work environment in women-led startups is more conducive for other women to grow. It says that startups with a woman founder have 2.5 times more women in senior roles than male-founded startups.
The key fact is that women drive wealth. Emphatically. Let's make the invisible visible: Research shows that women-led startups outperform their male counterparts, generating 63% more value and twice as much per dollar invested. The Rogue Women's Fund also found that women-led startups are five times more likely to become billion-dollar companies than male-led businesses.
Hence, we must bring the power of a pack of people to break a pattern, and studies show that when women are at the table, they're twice as likely to invest in women founders than their male counterparts. Diversity begets diversity, giving way to a new investment strategy, and, ultimately, a new story.
In that essence, we showcase the 9th annual list women to watch on how they believe in shaping this new story of how enabling Women with a seat at the CapTable could add $550bn to India's GDP
THE INNOVATIVE INSURER
RUCHI DEEPAK, FOUNDER & CEO CO-FOUNDER, ACKO INSURANCE AND AIRLOOM
This story is from the March 2024 edition of Entrepreneur magazine.
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This story is from the March 2024 edition of Entrepreneur magazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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