Women entrepreneurship in the country has been on a rising graph in the recent years. In this day and age, India can proudly say that women entrepreneurship is not an obscure concept any longer. Women veterans like Kiran Mazumdar Shaw, Chanda Kochhar and Indra Nooyi paved way for women to come forth and start something they could call their own and become an independent entity, one that cannot be undermined by gender politics or bias. As of 2016, women comprised almost 30% corporate senior management positions and while women entrepreneurs comprise only a small percentage of all entrepreneurs in India, this number is continually rising. Women are realizing their own potential and names like Richa Kar of Zivame and Swati Bhargava of CashKaro.com are coming forward and rising in the entrepreneurship world.
Startup organizations such as CashKaro.com are taking steps to empower women who would like to break societal norms and become successful entrepreneurs. CashKaro’s #SheCEO initiative, for the 3rd consecutive year, is providing guidance and mentorship to students who aspire to become entrepreneurs and women who are already leading businesses. This month long campaign will educate these women about important aspects of business such as business planning, funding, investment, networking and much more.
We at TLabs, in the last 5 years of our existence being the enablers of entrepreneurship in the country have seen a steep rise in the number of women diving in as founders and helping others build larger businesses. Back in 2012, the number of women entrepreneurs especially in tech ranged around 2-3 % of the 300-400 of applications we received. The number has risen to 8-10% of the 750-800 applications we receive for a cohort. We see a lot of potential in many of these ideas and have always believed that women entrepreneurs can execute them extremely well. Our mentor network comprises of many successful women entrepreneurs and subject matter experts who have created a very strong knowledge pool and are helping innovators shape ideas into reality. Women like Valerie Wagoner, Neeru Sharma, Pearl Uppal, Archana Rai etc. are some of the women mentors who are helping budding entrepreneurs build the next big thing. Though TLabs does not have a very significant number of women entrepreneurs in the portfolio, we always look forward to support women entrepreneurship in India so that no next big idea is left unturned. #SheCEO by Cashkaro is a very well-thought initiative as we believe right mentoring and a platform providing the right kind of support is the key to create sustainable business.
With everyone working towards an economic setup where women entrepreneurs are completely empowered, such steps prove to be a push in the right direction. The country is now with women who want to break out of their predetermined roles and wear the founder’s hat. Women entrepreneurs, with the support of their families, their husbands and even their children, are now successfully embarking on the fulfilling path of entrepreneurship. The number of female founders shining in our country will only rise, and we could not be prouder of our women.