- Peak XV’s Spark Fellowship selects 14 startups and 16 female founders.
- Half the startups specialize in AI, with $100k grants and over $1M.
- The VC firm’s program highlights a commitment to diversity and emerging tech like AI.
Peak XV’s Spark Fellowship, a program supporting women-led startups, has chosen 14 companies and 16 female founders for its third cohort. The selected startups will receive a $100,000 equity-free grant, expert mentorship, community access, and over $1 million in resources.
An amazing portfolio over the years
While some companies focus on areas like SaaS and consumer products, half specialize in AI. These include RaptorX, an AI platform for fraud prevention, and mental health startup Soulside.
Over three years, Spark has amassed a portfolio of 48 founders and 41 startups across 10 sectors.
Empowering female entrepreneur
Peak XV, formerly Sequoia Capital India and Southeast Asia, has $9 billion in managed capital and has invested in 400+ companies, including 20 IPOs and $4.6 billion in exits.
The VC firm launched Spark Fellowship to empower female entrepreneurs through funding and guidance.
The latest cohort highlights Peak XV’s commitment to diversity and emerging technologies like AI. The program provides crucial support for women-led startups in the early stages as they seek to scale and drive innovation.
To read the original article in its entirety: https://www.techinasia.com/16-women-led-startups-receive-100k-boost
