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Prosus Tech FoundHER Challenge launches in India with $50K for women-led startups

EntrackrEntrackr ยท 9m ago
Prosus Tech FoundHER Challenge launches in India with $50K for women-led startups
Medial

Prosus has launched the Tech FoundHER Challenge in association with Encubay, a global network focused on bridging equity in entrepreneurship and investing, and VAIA Climate, an investment advisory firm. This initiative aims to bridge the funding gap in the Indian tech ecosystem by providing a launchpad for women-led startups to scale, secure funding, and access global networks. Encubay is committed to empowering female founders with access to capital, networks, and mentorship. Prosus has invested nearly $9 billion in India, backing successful startups like Swiggy, Meesho, Captain Fresh, and PharmEasy. Women-led startups receive less than 5% of global venture capital funding, highlighting a critical gap. The FoundHER Challenge offers catalytic capital and opportunities to female-led startups in India. Women-led tech startups can apply before April 4, 2025, and 30 shortlisted founders will be selected based on innovation, scalability, and impact. The top six founders will pitch in an in-person session on May 25, 2025, in Bangalore, and three winners will receive up to $50K in equity-free funding.

Massive Earth Foundation announces fourth edition of climate tech accelerator LowCarbon.Earth

EntrackrEntrackr ยท 1y ago
Massive Earth Foundation announces fourth edition of climate tech accelerator LowCarbon.Earth
Medial

The Massive Earth Foundation (MEF), in collaboration with the United Nations Environment Programme (UNEP), has launched the fourth edition of the Low Carbon Earth Accelerator (LCE) program, LowCarbon.Earth 2024. LCE empowers climate tech startups in the Asia-Pacific region to tackle the shared challenges of climate change, nature loss, and pollution. For the 2024 program, LCE seeks applications from startups that are working in clean air, agri-food, sustainable mobility, digital innovation, renewable energy, and plastic pollution. Women-led startups and startups that are women-focused and that benefit underserved communities are strongly encouraged to apply. Led by Shailesh Vickram Singh, LCE equips startups with the tools and connections needed to scale their innovative solutions. It offers online training workshops, virtual bootcamps, mentorship sessions, networking events, and seminars. Additionally, finalists get an opportunity to pitch to potential investors and receive one-on-one mentorship from industry leaders in a demonstration-day finale. The 2023 edition of LCE saw the participation of 67 startups, 14 of which made it to the finale. The finalists included seven women founders. The Massive Earth Foundation (MEF) is a non-profit organization building a climate tech ecosystem by uniting investors, VCs, founders, startups, policy makers, and institutions into a vibrant synergy.

Climate tech startup Resilience AI bags $1 Mn in seed round

EntrackrEntrackr ยท 1y ago
Climate tech startup Resilience AI bags $1 Mn in seed round
Medial

Resilience AI, a climate risk and sustainability technology firm, has raised $1 million in its seed funding round led by Kalaari Capital's CXXO initiative, which invests in ventures led by women entrepreneurs. The round also saw participation from Java Capital. The proceeds will be used to drive the development of Resilience360, offering end-to-end climate risk management solutions for private and public enterprises. Additionally, the startup aims to co-develop solutions with its customers, expand market access, and drive research-based innovation. Founded by Samhita R, Resilience360 addresses the need for a proactive approach to climate resilience, enabling organizations to prepare for extreme climate events such as heatwaves, floods, cyclones, landslides, and earthquakes. By combining machine learning and deep climate analytics, the platform provides hyperlocal risk maps, automated climate risk diagnostics, and institutionalized climate action plans that integrate sustainability and climate risk standards. The platform's flagship product Resilience360 offers hyperlocal climate risk baseline and mapping; Plan, enabling the development of tailored risk controls; Action, focused on the implementation and reporting of climate measures; and Scale, which supports ongoing monitoring and the expansion of adaptation strategies.

The Sustainability Mafia receives Rs 2 Cr CSR grant from Zerodha

EntrackrEntrackr ยท 7d ago
The Sustainability Mafia receives Rs 2 Cr CSR grant from Zerodha
Medial

The Sustainability Mafia receives Rs 2 Cr CSR grant from Zerodha The Sustainability Mafia (SusMafia), a non-profit organisation working at the intersection of climate education, early-stage incubation, and ecosystem building, has received a Rs 2 crore CSR grant from Zerodha. The proceeds will be used to build a skilled, climate-aware workforce and enable climate-tech startups to scale solutions that drive measurable impact across critical areas, including air quality, water and sanitation, waste management, carbon reduction, and the circular economy, SusMafia said in a press release. Launched in 2018, The Sustainability Mafia is a non-profit organization that unites entrepreneurs, investors, and leaders to make sustainability the norm by fostering collaboration, building capacity for climate tech, and driving sustainable solutions through goal-oriented programs for founders, investors, and students. The platform functions as a coalition, leveraging shared resources, networks, and expertise to overcome challenges in the climate action space, aiming to launch startups, create climate jobs, and unlock funding for a greener future in India. According to the Bengaluru-based organization, its programs are designed to address critical gaps in the climate ecosystem, particularly the lack of industry-ready talent, early-stage validation support for founders, and trusted platforms that connect innovators with capital, corporates, and real-world pilots. Through its Climate Ninja program, it claims to have trained more than 400 climate professionals, while its early-stage incubation efforts have deployed Rs 1 crore in grants to support emerging climate ventures. Today, this work is anchored by a strong and growing network of over 80 climate entrepreneurs, collectively driving impact across sectors. โ€œStrong climate outcomes emerge when founders, practitioners, and learners have access to the right knowledge and support early in their journey. The Sustainability Engine Foundation is building this connective tissue for the climate ecosystem, and weโ€™re pleased to back their work,โ€ said Nithin Kamath, CEO of Zerodha. The Sustainability Mafia plans to train over 300 Climate Ninjas, supporting more than 20 early-stage climate startups, and convening regional and national ecosystem gatherings such as SusCrunch, bringing together stakeholders across the climate and sustainability spectrum.

SAVE Microfinance raises $3 Mn via IIXโ€™s WLB7

EntrackrEntrackr ยท 4m ago
SAVE Microfinance raises $3 Mn via IIXโ€™s WLB7
Medial

SAVE Microfinance raises $3 Mn via IIXโ€™s WLB7 SAVE Microfinance, part of the SAVE Group, has raised $3 million in funding through non-convertible debentures (NCDs) from Impact Investment Exchangeโ€™s (IIX) womenโ€™s livelihood bond 7 (WLB7). The proceeds will be used to expand its outreach to underserved communities, particularly low-income women entrepreneurs, by enhancing access to affordable credit and livelihood opportunities. The firm also plans to strengthen its balance sheet, diversify funding sources, and scale responsibly while maintaining a focus on responsible lending, financial literacy, and inclusive growth. Founded as part of SAVE Group, SAVE Microfinance provides microcredit in rural India with a focus on women. Impact Investment Exchange (IIX). The brand claims to have mobilized over $500 million in private capital, impacting more than 160 million lives across 60 countries through gender-focused and climate-aligned investments.

Sugar Cosmetics, Zypp Electric, Toothsi: 20 women-led startups set to become unicorns in up to 5 years

Business TodayBusiness Today ยท 1y ago
Sugar Cosmetics, Zypp Electric, Toothsi: 20 women-led startups set to become unicorns in up to 5 years
Medial

According to the ASK Private Wealth Hurun India Future Unicorn Index 2024, there are 20 women-led startups that have the potential to become unicorns in the future. These startups, classified as either 'gazelles' or 'cheetahs', demonstrate the increasing influence of women in the entrepreneurial ecosystem. Some of the notable startups include Sugar Cosmetics, Zypp Electric, Chalo, and Bankbazaar.com. The index also highlights the diversity among the founders, with Rashi Narang and Ridhima Coelho co-founding Heads Up For Tails and Vrushali Prasade co-founding Pixis at a young age of 29. The report emphasizes the importance of a well-funded startup ecosystem in driving India's economic growth.

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