inDrive launches Aurora Ventures to bridge funding gap for women founders in emerging markets
▸ Part of: Machhapuchchhre Bank and Prime Commercial Bank Announce Branch Integration and Locker Transfers
inDrive has launched Aurora Ventures, an investment program aimed at closing the funding gap for women founders in emerging markets. The program leverages data from the Aurora Tech Award, which has seen a significant increase in applications from women founders. Research indicates women founders face systemic "competence scepticism" and higher traction standards, with regions like Asia-Pacific particularly affected. Aurora Ventures will invest $180k–$250k at the pre-seed and seed stages to address this "mispricing" and accelerate portfolio companies toward subsequent funding rounds.
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