WiT-ACE (Women in Technology- Accelerated Career Experiences) today announced it has raised $1 million as part of its first seed fund. This investment will be used by WiT-ACE, a one-year-old social impact organization, to scale up its tech platform as well as for its expansion and strategic partnerships. The round was led by founders of CitiusTech and CP Gurnani, CEO of Tech Mahindra also invested in the platform. Dexter Capital supported WiT-ACE for this fundraise.
WiT-ACE was founded by Anuranjita Kumar a well-known human resource veteran with over twenty-six years of experience working across the globe managing various assignments, including Citibank and the RBS Group. She has an extremely successful track record of DEI (Diversity, Equity, and Inclusion) initiatives across various organizations and geographies and is a well-known advocate of action in this space.
Anuranjita Kumar, Founder & CEO, WiT-ACE said, “The 100+ clients engaged with over 200k women on the platform, in less than 11 months in one of the toughest years for business, gives us a good grip of industry needs and the confidence to grow this organization to the next phase of exponential growth. We are focused on the progressive and measurable impact on bridging gender gaps, through skilling and employment that will lead the transformation. It is humbling to have partners who are mentors and industry torchbearers themselves, and we are confident their support will be the much-required springboard towards achieving our target of impacting 20 million women by 2025.”
WiT-ACE has commenced work with over 100 companies to engage, enable and employ women in decision making through their digital platform and virtual products. Further, through its industry-governmental-academic partnerships, WiT-ACE is working closely to ensure policy and education impact in the industry.
Jagdish Moorjani, COO, CitiusTech said, “We are delighted to be a part of an organization that has done so much in such a short span of time. WiT-ACE has multiple tracks parallelly focused on developing women as front runners to lead organizations of tomorrow. Both Rizwan Koita and I believe the ‘gender gap’ in multiple ways holds us back as a nation to achieve our full potential and this can be achieved only through consistent efforts that deliver measurable results. We see the potential and believe industry participation, could really move the needle.”
The vision of WiT-ACE is to ensure at least 50% women in decision-making roles. To achieve this goal, the focus is to strengthen the current weak talent pipeline in the industry through focused skilling for women at all stages. Through their focused endeavors, WIT-ACE hopes to halt the declining rates of professional women in the workforce (currently 20% from 32% a decade back) and elevate the numbers pan India by infusing at least 1 million skilled women in the workforce over the next 4-5 years.