WiT-ACE (Women in Technology- Accelerated Career Experiences) announced that it has raised $1 million led by the founders of CitiusTech . Other investors including Sumita Ambasta, Founder and Executive Director, Flowering Tree Inc.; CP Gurnani, CEO of Tech Mahindra; Subodh Bhargava, Independent Director Chairman at Tata Communications and Wartsila India; Sonny Iqbal, Partner, and Co-leader, at Egon Zehnder which is a family business practice, and Vikram Chachra, Founding Partner, 8i Ventures also participated in this round. WiT-ACE was also supported by Dexter Capital for this round of fundraising. This investment will be used by Wit-ACE to scale up its tech platform as well as expansion and strategic partnerships.
Founded in 2018 by Anuranjita Kumar, WiT-ACE is a platform focused on increasing women's participation in the Science, Technology, Engineering, Mathematics (STEM) workforce. It has commenced work with over 100 companies, so as to enable, engage, and employ women in decision making through the digital platform and virtual products in a short span of time. Further, through its industry-academic-government partnerships, WiT-ACE is working closely to ensure education and policy positively impact the industry.