CAN WOMEN BUILD A BETTER WORLD?
Do you know, according to the Sixth Economic Census by the National Sample Survey Organisation, there were 58.5 million businesses in India in 2016—ranging from corner shops to venture-funded startups—and of these, only 8.05 million were run by women entrepreneurs? That’s just about 14 percent. There’s more, and this is, perhaps, cause for worry: about 79 percent of these enterprises that were run by women were self-financed.
The cold truth is that not much has changed since, and this discreet-but-definite inequity regarding financing women’s businesses or startups continues to exist. Anisha Singh, the Founding Partner of SheCapital—anearly-stage fund that invests in womenled businesses—shares another interesting insight with . “According to research, even in the most gender-progressive countries, there is a bias against women entrepreneurs, when in 2017, men were asked about the potential for ‘gains’, while women were asked about the potential for ‘losses’. “The difference in questioning explains much of why female entrepreneurs received five times less funding than their male counterparts” the report said, adding that “female entrepreneurs receive only about two percent of all venture funding, despite owning 38 percent of the businesses in the US.” In First Round Capital’s portfolio, for example, the gap was as wide as 63 percent.
