“5 women entrepreneurs who are empowering SMEs in India” – HerStory

From mining insights from data using technology, to helping SMEs maintain a regular book of accounts for transparency, here are four women-led startups that are helping the sector thrive.

small and Medium Enterprises (SMEs) are considered as the backbone of the Indian economy. In 2018-19, MSME-related products accounted for 48.1 percent of India’s total exports, according to Directorate General of Commercial Intelligence and Statistics (DGCIS).

However, small business owners deal with various challenges brought on by limited resources and investment interest from outside. Several businesses fail due to a lack of organisational skills and an inability to fulfil regulatory compliances. Still, others get left behind because they don’t adopt modern technologies quickly enough.

Several pertinent women entrepreneurs have seen the problem up close and decided to fill some of those gaps by launching their own startups that work in step with SMEs.

Here are four women-led startups that are helping SMEs thrive by providing services such as data analytics, and account book maintenance, as well as facilitating regulatory compliances.