Peak XV Announces Spark Fellowship for Female Founders
New Delhi, Feb 26 (IANS) – Leading investment firm Peak XV on Monday announced the latest cohort of its Spark fellowship for female founders, with 14 companies and 16 female founders. The Spark fellowship is a four-month long programme that includes a $100K equity-free grant and is open to all female founders in the early stages of starting up.
“Out of the many applications we received for this cohort of Spark, these 16 founders really impressed us with their ambition, first principles thinking and rich operating experience. Many of them are second-time founders,” said Sakshi Chopra, Managing Director, Peak XV. The cohort includes companies focusing on AI solutions in travel, fraud detection, wholesale trade, e-commerce, healthcare, SaaS, B2B, and consumer businesses.
Founders in the programme will receive access to domain knowledge, mentorship, a community of female founders, and exclusive events. Additionally, each startup will receive over $1M in perks from other companies, including cloud credits, devtools, analytics, and more. Spark’s community now includes three cohorts, 48 founders, and 41 startups across various sectors in less than three years.
This initiative by Peak XV aims to support and empower female entrepreneurs in their journey of building successful businesses. The Spark fellowship provides resources, guidance, and opportunities for growth to female founders, helping them navigate the challenges of the startup ecosystem and achieve their goals.
As Peak XV continues to invest in and nurture female-led startups, the impact of the Spark fellowship on the entrepreneurial landscape is expected to be significant. With the latest cohort, the firm remains committed to promoting diversity and innovation in the entrepreneurial space, driving positive change and fostering a supportive environment for women in business.
In conclusion, the Spark fellowship by Peak XV is a testament to the firm’s dedication to empowering female founders and fostering a culture of entrepreneurship. The programme’s impact on the startup ecosystem and the success of its participants underscore the importance of initiatives that promote diversity, inclusion, and support for women in the business world.
