India: Accelerator Group to launch $25m fund for women entrepreneurs

Gurgaon-based investment banking firm Accelerator Group has committed to launch a $25 million early stage private equity fund, a Women Entrepreneurs (AWE) Fund I, specifically for women-owned and led enterprises.

The announcement was made by Seema Chaturvedi, managing director of Accelerator Group LLC, in a conclave organised by California-based TiE Global in Delhi on Monday. The two-day conference will also host a convocation ceremony for the All-India Road Show on Women’s Economic Empowerment through Entrepreneurship (AIRSWEEE) participants.

The AIRSWEEE program was funded by the US Department of State and aims to promote Indian entrepreneurs. It was initiated in September 2016 to educate and inspire women in smaller Indian cities to consider entrepreneurship as a viable and rewarding career path.

“The program has created a multi-dimensional impact. Economic empowerment of a woman creates a ripple effect, which not only catalyzes gender equality and resulting positive social reforms but can also truly have a multi-generational impact. We are very appreciative of USG’s recognition of the impact Project AIRSWEEE created and seek to create a bigger impact in the second year by setting a target of impacting 450 women entrepreneurs in India,” said Chaturvedi.

TiE Global has mentored 125 women from 27 largely tier 2 and 3 Indian cities.

“India is a country bursting with potential, particularly among entrepreneurs, but it’s largely untapped, especially with respect to women in Tier II cities. The US government’s objective through this program is to tap into this amazing potential women in second tier cities have, to encourage them, to support them, to help them network, to mentor them to believe in themselves, not only to launch a start-up but to reach commercial success. Our objective is to empower women in second tier cities through entrepreneurship, so that they can become leaders,” said Craig Dicker, acting public affairs officer, US Embassy in India.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.