It is an honour to be part of a path breaking initiative spearheaded by Vani Kola -founded VC firm Kalaari Capital.
Vani is a trusted friend and advisor to me and it is so great that she’s taking her support towards women entrepreneurs and making a tangible difference.
The newly launched CXXO, is an initiative that promotes and supports female founder-CEO-led startups in India by providing them unbiased access to capital, mentorship, and a community of other women founders and entrepreneurs.
Kalaari has earmarked $10 million to support between eight to 10 digital startups, where women are the key decision-makers and ideally CEOs.
The cohort of these female founder-CEOs will be supported by successful women entrepreneurs in the industry, including Vani, along with the likes of Ankiti Bose (CEO and Co-founder, Zilingo), 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) and me – Priyanka Gill (Founder and CEO, POPxo and Co-founder and President, MyGlamm)
Industry leaders such as CNBC-TV18 Managing Editor Shereen Bhan, Managing Director of Silicon Valley Bank Priya Rajan, Gazal Kalra — Co-founder of Rivigo, and Sindhu Gangadharan — the first woman to lead SAP Labs India — among many others, will also be involved in the investment committee and provide mentorship to the cohort.
With CXXO, Kalaari hopes to drive inclusive growth in India and propel the investing and startup community towards considering women-led companies on a level playing field, devoid of any biases stemming from the founder’s gender.
“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.
More than anything, with the $10 million fund, we want women to get their due consideration. As founders, all women want is due consideration, not favours,” she said.
As part of its CXXO initiative, it will focus on three key areas, including capital — where it has already pockmarked $10 million annually to fund 8-10 women entrepreneurs; community — a network that founders can tap to develop their ideas and grow their business; and coaching — where CXXO will match each entrepreneur with a champion to play the role of a trusted advisor. I’m really looking forward to this new opportunity as a board member on the CXXO board and it fills me with pride to think that I could provide valuable advice as well as mentor possibly the next gen of female founders.