For the first time, a few business veterans have teamed together to launch a venture capital fund exclusively for women entrepreneurs.
Saha Fund, India’s first Securities and Exchange Board of India-approved venture capital fund focused on women entrepreneurs, would have a corpus of Rs 100 crore.
The Babson College study found that access to venture capital for women entrepreneurs is hard to come by. Only 15 percent of venture capital-funded companies have a woman on the executive team, up from 5 percent in 1999. Even worse, a mere 2.7 percent of venture capital-funded companies have a woman CEO.