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Startup India: Best Funding Schemes for Women Entrepreneurs in India

Jun 25, 2020 7:16 AM 4 min read
Editorial

The prestigious $1bn+ unicorn club in India, and the startup space in general might be dominated by men, but women entrepreneurs are not far behind.

MobiKwik, Yatra, ShopClues, Zivame, Nykaa, SlideShare - some of the most popular and pathbreaking names in the payment ecosystem, travel and booking sector, beauty and clothing, and ecommerce verticals are all ventures who have women at their helm.  

So what does it take anyone to run a successful entrepreneurial venture? Well a great idea to begin with. But also as important, if not more, is the availability of sufficient funds and capital to support that idea and transform it into a reality.

We look at some top funding options to raise startup capital, available specifically to women entrepreneurs.

 

 

Non-Government Schemes

Saha Fund

 

Saha Fund

 

Objective: Saha Fund is a first women-focused venture capital fund approved by the Securities and Exchange Board of India (SEBI). 

Bonus: This specialised fund focuses on investing not only in businesses founded by women, but also where women hold senior management roles, and/or have women as their target group. 

Saha Fund invests in companies across e-commerce, social media, cloud, analytics, education, healthcare, tech and food tech platforms.

 

SonderConnect

 

SonderConnect

 

Objective: In their own words, SonderConnect aims to propel female founders by harnessing global industry expertise and relevant resources through enabling technology and collaborative platforms. 

They intend to create a pipeline of high-potential women entrepreneurs and assist them in scaling up by connecting them to investors and providing access to a powerful global network.

 

HerMoneyTalks

 

HerMoneyTalks

 

Objective: HerMoneyTalks is India’s first financial services marketplace for women. A digital financial platform and knowledge portal designed to enable financial empowerment of women, HerMoneyTalks seeks to help women save money, help them connect with a potent network of enablers, experts, evangelists, and businesses.

 

Incubators & Accelerators

WE Hub

 

WE Hub

 

Objective: We Hub is the first-of-its-kind and only state-run platform for Women Entrepreneurs. Established by the government of Telangana in 2018, the incubator has launched various projects for women entrepreneurs, both existing and budding. We Hub aims to empower women entrepreneurs by:

  • EcoSystem Building

Collaborating with corporates, Government entities, industry and academia to encourage women to pursue their entrepreneurship goals 

  • Government Support

Making Government schemes accessible through policy operationalization and research. 

  • Incubation

Empowering women entrepreneurs from various sectors to startup and helping them scale up by providing support in funding, mentoring, strategy and for growth

 

Her&Now

Objective: The German Federal Ministry for Economic Cooperation and Development (BMZ) in partnership with the Indian Ministry of Skill Development and Entrepreneurship (MoSDE), has implemented the project ‘Economic Empowerment of Women Entrepreneurs and Start-ups by Women’ to support aspiring and existing women entrepreneurs in India - under the name Her&Now

The project aims to provide all women entrepreneurs in India access to technical, financial, government and policy support required to enterprise, scale up and accelerate with global market access.

 

Catalyst for Women Entrepreneurs (CWE)

Objective: CWE is a women-focussed incubator that offers access to information on government Programs and Schemes, Business Skills, Finance, Technology, Trade Networks, and validated professional Service Providers especially for women entrepreneurs. 

Its vision is to propagate skills, entrepreneurial success, project women as influencers and national role models to inspire others and engender innovation.

 

Crowdfunding

Crowdfunding is another route through which women entrepreneurs can raise capital for their startups or businesses. Some popular crowdfunding platforms in India include FuelADream, Catapooolt, Bitgiving and Impact Guru.

 

With a blockbuster plan in mind, and now the source of capital hopefully figured out, let’s set out to chase our dreams.

FIN.

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