Kalaari Capital Launches CXXO For Women Entrepreneurs Which Will Invest $10 M In Women – Founded Startups.
- ByStartupStory | July 29, 2021
Vani Kola-founded VC firm Kalaari Capital launches CXXO for women entrepreneurs which will invest $10 M in women – founded Startups. Startup ecosystem for women is not easy just like any other job sectors, but to make it a little bit better, Kalaari Capital through CXXO will give women CEOs and founders unbiased access to capital, mentorship, and a community of other women founders and entrepreneurs. Kalaari has already earmarked $10 million to support between eight to 10 digital startups, which have women in the driver seat, as announced by the VC firm. These women would be supported by another set of strong women already aceing their jobs such as Ankiti Bose (CEO and Co-founder, Zilingo), Priyanka Gill (Founder and CEO, POPxo and Co-founder and President, MyGlamm), Paroma Roy Chowdhury (Chief Communications and Public Affairs Officer, Dream Sports), Lathika Pai (Country Head of Microsoft, Venture Capital and PE partnerships), and Shradha Sharma (Founder and CEO, YourStory).
“We want to enable more women to participate in India’s digital future. It’s necessary for our startup ecosystem to have more women so that there is inclusive growth. Supporting companies that have a woman in key decision-making roles is also important to bring about a cultural shift in the ecosystem at large, and our hope is that this change ripples out to the rest of the industry too,” Vani said during the press conference. They want to create a community of women, where they will support each other while simultaneously growing individually as well. CXXO will primarily focus on three key areas, capital, community and coaching. In capital they have sanctioned $10 M for 8 -10 entrepreneurs. They want to build a network that founders can tap to develop their ideas and grow their business and finally CXXO will match each entrepreneur with a champion to play the role of a trusted advisor. Interested startups can apply to pitch to the CXXO panel via its website, which is now live, the VC firm added.
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