Mabel Chacko, Co-founder, Open wins ‘Startup leader of the year’ Award

by Suman Gupta

Delhi: Mabel Chacko,  a serial entrepreneur and the co-founder of Open, a neobanking platform for SMBs and startups, has been recognized under the ‘Startup leader of the year’ category for the MeitY NASSCOM Women Entrepreneur Awards (Software Product) hosted jointly by the Ministry of Electronics and Information Technology (MEITY) and NASSCOM.

Presented by Shri. Ravi Shankar Prasad, the Honourable Minister of Electronics and Information Technology, the award recognizes Ms. Chacko’s entrepreneurial spirit and her ability to serve as a guiding role model in the Indian digital era.

On being presented with the award, Ms. Chacko said, “This award truly means a lot to me as it comes after many years of hustling. It’s heartening to see the central government putting such force behind entrepreneurship. The support and encouragement given to entrepreneurs, especially women entrepreneurs, is truly commendable.

Founded in 2017, Open recently received USD 30 million in a Series B round, led by Tiger Global Management and Tanglin Venture Partners Advisors. The Open platform today has already grown to over 200,000 SMEs and processing over USD 6.5 billion in annualized transactions. The platform also adds over 35,000 SMEs every month, making it the fastest growing SME focused neobanking service globally.

MeitY Start-up Hub (MSH) has been setup in the Ministry of Electronics and IT (MeitY). MSH act as national coordination, facilitation and monitoring centre that will integrate all the incubation centres, start-ups and innovation related activities of MeitY. Women Entrepreneur Awards is a remarkable mission to celebrate the entrepreneurial spirit of women in India.