Career platform for women SHEROES has raised a Series A funding led by Lumis Partners along with participation from the HR Fund and angel investor Rajul Garg.
The existing investor, Raghav Bahl led Quintillion Media also participated in the round. The transaction is part of a larger commitment, out of which Rs. 12 crore come in immediately. Dexter Capital was the exclusive financial advisor and Vertices Partners was the legal advisors to SHEROES for the Transaction.
Earlier, SHEROES had raised an angel round from Raghav Bahl led Quintillion Media, 500 Startups and a group of individuals including Vijay Shekhar Sharma, Rajan Anandan, Binny Bansal, Mekin Maheshwari, Girish Mathrubhootham, Indus Khaitan and Krishna Mehra.
"SHEROES is uniquely placed to solve a hard problem and has invested in building the entire ecosystem supporting women and their aspirations. With a large mission, a fast growing organization and an innovator's mindset, getting the right kind of investment support is crucial. With this capital raise, we will further strengthen our investment in technology, resources and growing the SHEROES footprint," said Founder SHEROES, Sairee Chahal.
"SHEROES has a committed team and has shown great traction. It is an innovative business model and high impact makes it a compelling startup. We are proud and happy to help in building SHEROES into a formidable organization," said Founder Quintillion Media, Raghav Bahl.
"Gender diversity is a pressing issue for India Inc and SHEROES is helping creating the right kind of linkages between women workforce and organizations. SHEROES is The HR Fund's fifth investment and we are very excited to be a playing a significant role in shaping up this reality," said CEO HR Fund, Utkarsh Joshi.
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SHEROES is the largest careers community of women, with members from over 20,000 locations. Over 12,000 companies actively use the platform.
SHEROES runs a career support helpline via phone and app.
With a low percentage of women in workforce ratio and over a 300 million women ready to connect to opportunities and financial independence, SHEROES has built a unique organization with women's careers and aspirations at the center.
The company has its communities spread in all major cities across India including major metros, and upcoming cities like Jaipur, Indore and Pune.