20 women-led startups in pipeline to become unicorn, finds a study

Around 18 per cent of India’s unicorn startups are founded or co-founded by women and 20 other firms are in pipeline to become unicorn, a joint study said on Tuesday.

The study conducted by TiE Delhi NCR, research firm Zinnov, Google, NetApp and venture capital firm Indian Angel Network found that despite comparable metrics, success, and high entrepreneurial intent, socio-cultural barriers hinder women founders’ growth.

“Approximately 18 per cent of India’s total unicorns are founded by women, with 20 Potential Unicorns in the pipeline,” the study said.

The startups that are in the pipeline to become unicorns include WinZO, Doubtnut, Infinity Learn, Locus, Pratilipi, Portea, SirionLabs, etc.