BENGALURU: At least 200 women entrepreneurs in India are ready to raise about 850 crore rupees ($100 million) from investors to help expand their businesses and create new jobs, Goldman Sachs announced on Friday.
Union Minister of Commerce and Industry Piyush Goyal said the Goldman Sachs 10,000 Women initiative highlighted the untapped potential of women.
“I believe they will continue to break down barriers and empower others. They are committed to investing in and supporting the advancement of women. Currently, the program has created jobs for 3,500 women and is driving economic activity,” Minister Goyal said at the company here said during the event.
“The program also showcases how these women can contribute significantly to the government’s Amrit Kaal journey as we work towards achieving India’s Viksit Bharat 2047 goals,” the minister added.
The “Goldman Sachs 10,000 Women Growth Financing” program was developed and launched in 2023 in collaboration with NSRCEL, the incubator of IIM Bangalore.
More than 400 Goldman Sachs 10,000 Women graduates participate in the program, which helps female entrepreneurs deepen their understanding of business finance, provides mentoring and networking opportunities, and connects them with investors.
“Equipping female entrepreneurs with the right skills, meaningful mentorship and strategic networks to access the right capital at the right time can not only transform their businesses, but become a sustainable job creator and wealth creator and a powerful catalyst for economic growth.
Sonjoy Chatterjee, Chairman and CEO of Goldman Sachs India, said the program enables women entrepreneurs to gain a deeper understanding of how to obtain external financing to grow.
“This is a testament to our commitment to bridging the credit gap and supporting women-led businesses through our network of investors in India,” Chatterjee added.
