- Indian women-led startups raised $26.4 billion in 2024
- Over 7,000 women-led startups make up 7.5% of active Startups in India
- Indian women-led startups record highest investments in the Retail, Edtech, and Enterprise Applications sectors
According to a recent report released by Tracxn, the US ranks first globally in funding for women-led startups, with India second. Indian women-led startups raised $26.4 billion, accounting for 7.5 per cent of all startups, whereas women-led tech firms globally secured $29.6 billion in 2024.
On a global level, an 11 per cent decline from $33.1 billion in 2023 and a 21 per cent drop from 2022 has been recorded. However, in 2024, only 11.7 per cent of total funding went to women-led startups due to economic challenges. Despite this, 45 funding rounds reached $100 million, a 15 per cent increase from 2023, but a drop of 40 per cent from 2022.
Enterprise Applications, Life Sciences, and Fintech sectors saw the highest number of women-led tech startups in 2024, with Life Sciences companies raising $4.4 billion in 2024, a 6 per cent drop from 2023, and FinTech at $3.44 billion funding in 2024, a 10 per cent drop from 2023, respectively.
Over 7,000 women-led startups make up 7.5 per cent of active startups in India, with the U.S. leading in funding, followed by India, with San Francisco, New York City, and London leading in city-wise funding.
Indian women-led startups received the highest investments in the Retail, Edtech, and Enterprise Applications sectors, where retail secured USD 7.8 billion, Edtech received USD 5.4 billion, and Enterprise Applications stand at USD 5 billion.
Five Indian women-led startups launched their Initial Public Offerings (IPOs) and went public, including MobiKwik, Usha Financial Services Limited, Tunwal E Vehicle India Pvt Ltd., Interiors and More Ltd, and LawSikho in 2024.
Additionally, Bengaluru leads in the most number of women-led startups and the highest funding raised, followed by Mumbai and Delhi NCR.
