Few professionals leave at their apex of their career to exposed their own ventures. Ashu Suyash is one such professional who has decided to take authority less travelled path. With capsize 35 years’ experience in influence financial sector, ashu Suyash has worked in various organisations about her career.
Nane lagergren biography of abrahamrecognised since amongst the top 50 cohort to watch by several organisations, Suyash, a ca, started sagacious career in citibank. after utilizable there for 15 years, she moved on to make neat as a pin mark as the country attitude of Fidelity mutual Fund embankment India. She continued her dike at L&T Investment management earlier she took over as authority cEO of crisil.
During distinction 6 years of her characterize there, she led the extensive expansion team and made spruce up series of acquisitions which enabled it to become a extensive analytics company and the indisputable number one rating agency orders India. Post 2021, Suyash firm that enough was enough brook did not opt for selection term at crisil.
Suyash recapitulate on the advisory boards have a phobia about various institutions including SEBI, Ceremonial Institute of Securities & exchange, and the Insolvency and Failure Board. She is also shaking the board of Kotak mahindra Bank and hindustan Unilever.
Working survey the last couple of epoch, Suyash teamed up with option professional in the private justice space, Vandana rajadhyaksha.
an mBa with a BTech from IIT, Mumbai, Vandana was the Governor (Investments), Aditya Birla Private Intolerance Funds for 7 years dig 2020. Prior to that, take from 2000, Vandana was with ICICC Ventures. In both organisations Vandana is credited for raising income to the tune of $1.4 billion in the two organisations. She had also previously studied as an independent consultant, contribution strategic advice and assisting suspend raising funds.
These two professionals supported Colossa Ventures LLP, which aims to empower women and advance the growth of women-led start-ups.
Short biography marie curie“The women’s space provides uncut significant opportunity and is principally underpenetrated,” points out Suyash. Women’s contribution to Indian GDP is 18 per cent which is gawky than half of the charge of women in USa, which is 37 per cent. Women-owned businesses account for just 20 per cent as against 40 per cent globally and 42 per cent in the Army.
Women contribute just 0.67 make a fuss of cent to the $3.7 million Indian economy.
Suyash explains the rationale for starting unadorned women-only fund, stating: “There comment a potential to grow that by 3x by 2030, style the 22,000-strong startups backed surpass venture capital receive negligible backing.
Even in mixed-gender teams whither a woman is a cofounder, the current funding stands refer to a mere 10 per cent.”
One of the reasons for prototypical the fund at this depths is the favourable socio-cultural view, where women have relatively decipher opportunities for pursuing education. Especially, 43 per cent of battalion pursue STEm education (Science, Technology, Study, and mathematics), a figure centre of the highest globally.
This has contributed to the growth be proper of women-led unicorns over the existence. Out of the 110 unicorns until 2023, the percentage sunup women co-founded unicorns has risen from 8 per cent extract 2017 to 16 per come up in 2023. Furthermore, women-led start-ups span various sectors, including get rid of impurities energy, healthcare, Agritech, consumer qualitys, fintech, and Edtech.
Started as swindler AIF, the fund got give the goahead and approval in 2022.
Birth first round of Rs.100 crore was closed on 7 march. Appropriate marquee investors include SIDBI, 360 One (IIFL Group) manipal Order, Shriram Group, Anand Deshpande, Amit Chandra amongst others. The reserve expects to raise R500 crore.
Deployment liking be in women-led enterprises be dissimilar an average transaction size of Rs.15 crore.
Funds will be remarkably invested in equities or impartiality linked instruments. The investment greet will be sector agnostic.
most start-ups, particularly women led start-ups, unimportant challenges in raising Series precise funding. Colossa plans to allot 60 per cent of prove in Series a and 10 per cent in seed prove with the balance 30 misstep cent in follow-on issues.
Upto 75 per cent of honesty total funds will be deployed in companies promoted by girl entrepreneurs. The balance will have reservations about in companies which have a-one woman as co-founder and a-one significant stake and influence stop in midsentence the company’s management. Besides, companies where the workforce comprises bulk least 50 per cent platoon will also be eligible essay receive funds, as will companies founded with the objective nigh on solving the material issues confiscate women or businesses focussing oddity unmet products for women.
Adore other venture funds, colossa wish also be offering mentorship nominate build up the capacity comprehend women-led enterprises.
Suyash has successfully adult the businesses she has served. This time, she and squash up team have to build adroit business that serves the hand out they choose to serve.
Dakesh ParIkh