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Indian women technopreneurs prove glass ceiling a myth

Vaishnavi J Desai | June 30, 2015
A recent Global Entrepreneurialism Report conducted by BNP Paribas has ranked India on top for the highest percentage of women entrepreneurs -- 49 percent -- and technology is one of the most preferred industries

Women technopreneurs have caught the attention of venture capitalists too. Another Techcrunch study points how the total funds invested in women-led business rose from 6 percent in 2000 to 41 percent in 2011.

I believe that for a serious angel investors or VCs, gender would not be so relevant. They would be more interested in the feasibility of the idea rather than the gender of the person behind the idea, says Singh.

Key to Success

On board the best guys even if expensive, give them good skin in the game and coach them well, says Daga, It is a team that can make an average opportunity turn into a billion dollar business.

Singh believes perseverance, innovation and resourcefulness is the key to a successful startup. When we had started, there were more than 38 deal sites in our competitive tracker, but now its down to less than a handful. Its not like we had better luck than some, in fact, funding post the initial months was a regular concern, as was the ever-growing well-funded competition. I think the two things we did well were persistence, and looking at Mydala from the perspective of a merchant and a user.

With women technopreneurs flooding the tech industry, the future seems bright with turning tables and a level playing field.

 

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