Encubay, In Collaboration With AWS, Brings Together 50+ Women Funders And Founders From Bengaluru
This unique and experiential event focused on enhancing relationships beyond fundraising and promoting networking, sharing, and collaboration
Encubay, a global diversity-focused network, in collaboration with AWS, brought together over 50+ women funders and founders from the Bengaluru ecosystem at the Encubay x AWS Funder Founder Mixer. This unique and experiential event focused on enhancing relationships beyond fundraising and promoting networking, sharing, and collaboration.
Under 15% of funded startups in India in 2021 were led by women, according to a Money Control article and in the same year, women-founded start-ups in the U.S. raised 2% of VC funding (PitchBook). It is a 0.3% decrease from the funding raised in 2020. This is following the all-time high percentage raised by women founders in 2019, 2.8%.
In 2021, Harvard Business Review found that only 12% of decision-makers at global VC firms were women, and they were twice as likely to invest in female founding teams. Additionally, according to LinkedIn data, women in India are 14% less likely than men to have a strong network. A lot of work is being done to elevate these numbers, and Encubay and AWS are committed to driving diversity in the start-up and investment ecosystem.
This specially curated event brings together experienced and diversity-inclined investors and founders from the Bengaluru start-up ecosystem for an evening of building long-term relationships and exchange of ideas.
Networking and collaboration have always been at the core of Encubay’s ethos, and with the same thought, Funder Founder Mixer is facilitating a deeper discussion about the funding landscape for women founders. “We work very closely with the different stakeholders of the start-up ecosystem and understand what it takes to enable growth. At Encubay, we see women founders innovating and breaking barriers every day, but somehow the funding has not kept up with them. Being a community builder myself, I understand the power of building a strong network and that is what we aimed to create through the Funder Founder mixer. At the event, we saw how funders and founders, connected and reconnected while sharing and experiencing the joy of spending an evening with the core agenda of relationship building over cocktails," says Eashita Maheshwary co-founder, of Encubay. Deeksha Ahuja, founder, of Encubay continues“ Most female founders meet investors for the first time while pitching; at Encubay we want to enable relationship and trust-building within funders and founders.” as she elaborates on what the Funder Founder Mixer aims to achieve.
The Funder Founder Mixer brought together 50+ women founders and funders from across sectors and stages who brought their expertise and innovation to experience the true strength of diversity in the start-up ecosystem. Also, in attendance were many accomplished founders and founders who were named in the Forbes 30 under 30 feature. Among them were Kausambi Manjita (Co-founder, Mason), Neha Bagaria (Founder, JobsForHer), Priti Sawant (Founder, JoulestoWatts), Ishita Sawant (Founder, Meolaa), Stuti Ashok (Founder, Amrutam and Forbes 30 under 30), and Yamini Jain (Co-founder, GloRoots) among many more. Investors like Anjali Sosale (WaterBridge Ventures), Svetha Ravi (Director, Arali Ventures), Arundhati Menon (Investment Professional, Exfinity Venture Partners), and many more built connections throughout the evening, along with Encubay's founders and team, Deeksha Ahuja and Eashita Maheshwary.
“The Funder-Founder event was a genuine effort by Encubay and its partner AWS to bring together investors, startup enablers, and women founders in one place. I loved the panel discussions where women from the ecosystem spoke about their experiences, and the networking session stood out for the diversity in attendance. Look forward to more of these!”, says Sreerupa Chowdhury (Founder, Flywork.io).
“Funder-Founder Mixer with Encubay x AWS was one of the best networking events I have attended. One of the most important reasons for that was - it had SO many women [which is a rare sight] with abundant warmth in the conversations. This fun phenomenon of ‘cocktail pitch’ made it easy for entrepreneurs and investors to interact and allowed the ideas to free flow. Only such highly empathetic women like Eashita and Diksha could come up with this,” added Stuti Ashok, Forbes 30 under 30 (Founder, Amrutam).
Kumara Raghavan, Head, AWS Startups India, Amazon Internet Services Private Limited, and Amitabh Nagpal, Head of Startup Ecosystem, India also attended the event along with Rahul Jain, Head of Early Stage Startup Ecosystem; Sethu Sathyan, Early Stage Startup BD; Katoni Sema, Startup Account Manager; and Soujanya Konka, Startup Solutions Architect to interact with funders and founders, gaining a deeper perspective into the start-up ecosystem.
Attendees indulged in conversations surrounding innovation, sustainable growth, and breaking biases as investors and entrepreneurs explored connections beyond funding and fundraising. Community partners for the event were OneValley and Stranger&Sons who are equally inclined towards advocating diversity in the start-up ecosystem. It was a learning experience for many founders as they engaged with highly experienced investors, while investors were intrigued by the ingenuity of the founders gathered.
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