Women entrepreneurship is a growing trend in India which has gained momentum from the past 2 years. A number of women start up's have emerged such as Limeroad, Zivame, CashKaro and some media tech companies like Yourstory and POPxo too.
Amongst these, one major obstacle that women face is raising finance for their ventures. So let's look up to a few tips that can help:
1. Connecting with the right people
A vast network will bear varied opportunities and resources. Many organisations can help you with entrepreneurship, financial advice and the right mentorship. So, go out, reach out to people, build and maintain connections.
2. Angle Investors
Angle Investors usually provide funding to start ups in their intial stages when there is no backing up from other sources. Lately, SAHA FUND, a 100 crore company that is looking forward to invest in ventures by women or in those who work with female workforce of more than 60%, was launched which is a brilliant initiative.
3. Look out for government funding
Realising the importance of women participation in the country's economy, Indian government has also put its foot forward to help women entrepreneurs start their own enterprise. A lot of schemes such as Women Entrepreneurship Platform ( WEP), Bhartiya Mahila Bank( BMB) Business loan, Stree Shakti Package and more have been recently set in motion.
4. Crowdfunding drives
Crowdfunding can also be a compelling option to raise funds for your business. It helps you in connecting with many people in accord and generate new ideas. It also helps in enhancing your pitch as well as your product.
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