The Prosus Tech FoundHER Problem has launched in India, providing $50,000 in equity-free funding to women-led startups within the know-how sector. The initiative, launched in collaboration with Encubay and VAIA Local weather, goals to bridge the funding hole for feminine entrepreneurs and supply them with entry to world networks and mentorship alternatives. Ladies-led tech startups can apply for the problem earlier than April 4, 2025.
A complete of 30 founders will probably be shortlisted based mostly on innovation, scalability, and influence. The highest six finalists will pitch their concepts in individual on Could 25, 2025, in Bangalore, with three winners receiving as much as $50,000 in non-dilutive capital. Deeksha Ahuja, Founding father of Encubay, mentioned, “Encubay was constructed to bridge the fairness hole for girls entrepreneurs.
Bridging the hole for women-led startups
Partnering on initiatives just like the Prosus Tech FoundHER Problem aligns with our dedication to empowering feminine founders with entry to capital, networks, and mentorship.”
Regardless of progress lately, women-led startups nonetheless obtain lower than 5% of world enterprise capital funding. The FoundHER Problem seeks to alter this by offering catalytic capital and alternatives to promising female-led startups in India.
Prosus, a number one tech investor, has already invested almost $9 billion in India throughout varied sectors. Prajna Khanna, International Head of Sustainability at Prosus, said, “Ladies in tech don’t want extra boundaries—they want alternatives. Prosus Tech FoundHER Problem is about motion, backing women-led startups to scale, innovate, and lead.”
The ultimate pitches will probably be judged by an esteemed panel of buyers and business leaders, together with Anjali Bansal (Avaana Capital), Archana Jahagirdar (Rukam Capital), Ronak Sandil (Amazon Ventures), Apurva Dixit (Blume Ventures), Martin Tschopp (Prosus Ventures), and Priyanka Chopra (Prosus Ventures).
Encubay, with its world community of over 10,000 stakeholders, will play an important position in supporting the taking part startups. Avneet Kohli, Founding father of Encubay, mentioned, “We’re devoted to creating an inclusive ecosystem the place girls thrive as leaders in tech.”
The Tech FoundHER Problem represents a major step ahead in addressing gender disparity in tech funding and provides hope for girls seeking to make their mark within the business.