Small businesses around the world are growing with Visa
Visa & IFundWomen are committed to supporting women entrepreneurs across the globe through access to the capital and connections they need to grow successful businesses. Through this latest initiative, Visa and IFundWomen will present three (3) awards, each valued at INR 700,000, to outstanding e-commerce small businesses in India.
In order to qualify for this grant opportunity, you must meet the following criteria:
- Must be a legal resident of India
- Must be an Indian Citizen
- Must be a business run or substantially owned by a woman in India
- Must have an annual sales value or revenue of Rs. 1,000,000 or more
- Must be a business that has a product or service in market and generating revenue
- Must have an e-commerce presence (selling on a digital platform like Facebook, WhatsApp, Instagram, Amazon, Flipkart, Indiamart, etc.)
Visa is making an impact
According to Visa's State of Female Entrepreneurship Report, 66% of women entrepreneurs surveyed cite that funding is still difficult to obtain. To that end, another report found that the average small business requires about $10,000 of startup capital in order to get off the ground. To address this issue, Visa and IFundWomen have awarded $10K grants and access to IFundWomen's coaching program to over 30 women-owned businesses in 2020. Meet some of the recipients:
Source: Visa 2020 State of Female Entrepreneurship Report, conducted by Logica Research & Wells Fargo Small Business Index
Renewlogy has the technology to break down plastics into its basic molecular form, where it can then be reused for other products or as fuel.
Makhers Studio deploys small neighborhood manufacturing centers where they design-build modular shipping container residential, commercial and community spaces. These centers, located in underserved communities, allow for local hiring so residents can build and own the change they want to see.
VOXAPOD is a benefit corporation and period care brand fighting the gender gap, reducing waste, and building stronger communities. We donate period products and 2% of sales to keep girls in school and provide menstrual health education.
Eat REAL is a Public Health nonprofit that increases real food access and education through schools for the well-being of children and the planet. We transform the menus on the largest restaurant chain in America - our public schools - by partnering with communities and schools.
Join the community that will drive your business forward
Starting your own business isn't easy, and nobody should go it alone. Join the free IFundWomen community to connect, collaborate, and commiserate with thousands of women entrepreneurs from around the world who can help make you a stronger founder.
Special offer for applicants
Entrepreneurs that apply to the Visa • IFundWomen India Grant Program now have the opportunity to access benefits worth Rs. 8200 from Instamojo! This offer includes:
- 3 months of complimentary services such as an online website for your business
- Accepting Visa payments from your customers
- And more!
To apply for this benefit, head to Instamojo and use the coupon code: VISAIFW