Women prefer India's technology capital to start up | SupportBiz


Women prefer India's technology capital to start up

Women entrepreneurs in India, which had a female prime minister or head of state as early as 1966, prefer starting up in Bangalore, the country’s information technology capital, according to a recent study.

Women in India prefer Bangalore over the National Capital Region to do business from, said the study by Women’s Web, an online magazine for Indian women.

- 57 percent of all women entrepreneurs had started their businesses alone, while 35 percent had a co-founder and just eight percent were part of teams that involved more than two co-founders, the study said.

- Six out of 10 women entrepreneurs started their business with a capital of under INR1,00,000. Personal funds and savings were used to start the business in a majority of cases.

- The majority of women-owned businesses are micro-enterprises or small/mid-sized businesses, with 73 percent reporting a revenue of under INR 10 lakh in the 2011-12 financial year.

For this study, the magazine received responses from 114 women entreprenuers from across the country.

You can find the entire study here