200 women entrepreneurs set to raise an estimated Rs 850 crore, through Goldman Sachs initiative

Round 200 women entrepreneurs from Goldman Sachs’ 10,000 Ladies Finance for Development initiative, which seeks to help ladies entrepreneurs with entry to capital, are poised to boost an estimated 850 crore rupees (US$100 million) from traders, serving to to develop companies and create new jobs, the agency mentioned in a press release.“The Goldman Sachs 10,000 Ladies initiative highlights the untapped potential in ladies,” mentioned Piyush Goyal, Union Cupboard Minister and Minister for Commerce and Trade, at an occasion. “They’re dedicated to investing in and supporting the progress of girls. Presently, 3,500 ladies from this initiative have created job alternatives and are driving financial actions. This system additionally demonstrates how these ladies contribute considerably to the Authorities’s journey of Amrit Kaal as we work in direction of attaining India’s Viksit Bharat purpose by 2047.”

Asahi Pompey, world head of Goldman Sachs’ Workplace of Company Engagement, mentioned: “Empowering ladies entrepreneurs with the proper abilities, significant mentorship and strategic networks to entry the correct of capital on the proper time isn’t just transformative for his or her enterprise – it’s a highly effective catalyst for sustainable job creation, wealth era and economic growth.”

Sonjoy Chatterjee, chief govt officer of Goldman Sachs in India, mentioned: “The Goldman Sachs 10,000 Ladies Finance for Development initiative equips ladies entrepreneurs with a deeper understanding of how they’ll entry exterior finance for progress. It’s a testomony to our dedication to help women-led companies by bridging the credit score hole by means of our community of traders in India.”

Gunjan Samtani, nation head of Goldman Sachs Providers India, mentioned: “The Goldman Sachs 10,000 Ladies has a confirmed file of enabling ladies entrepreneurs to drive financial progress in India, and has constructed an ecosystem to help them and tackle enterprise challenges collectively.”

Goldman Sachs 10,000 Ladies Finance for Development was developed and launched in 2023 in partnership with NSRCEL, the incubation arm of IIM Bangalore. Greater than 400 graduates of Goldman Sachs 10,000 Ladies participated on this initiative designed to equip ladies entrepreneurs with an enhanced understanding of enterprise finance, present mentoring and networking alternatives, and connecting them with traders.