Citing research from DealStreetAsia’s DATA VANTAGE, Sarah Chen co-founder and managing partner, The Billion Dollar Fund for Women revealed that women founders accounted for a mere 4.7% of the PE-VC deals in Southeast Asia in 2020.
It was a statistic that alarmed Sequoia Capital India’s managing director GV Ravishankar. According to him, while Sequoia’s research showed its investments into companies started by women founders was higher than the industry average, the VC firm still felt it was abysmally low. “But the number you have quoted is even more discouraging and scary,” he added.
