Women centered jobs and career platform Sheroes.in has raised Rs 12 crore in a Series-A funding led by Lumis Partners; this comes as a part of a larger commitment. The funding round also saw participation from The HR Fund, angel investor Rajul Garg and existing investor Quintillion Media which is led by Raghav Bahl. The transaction had Dexter Capital as the exclusive financial advisor and Vertices Partners as the legal advisor to Sheroes.
Sandeep Sinha, managing partner at Lumis Partners said in a statement:
“Sheroes has demonstrated great results in very short period of time and we are looking forward to accelerating the same. The size of the opportunity as well as the impact it can generate is really exciting,”
Gender diversity is a pressing issue for India Inc and Sheroes is addressing it, The HR Fund CEO Utkarsh Joshi said:
“Sheroes is helping creating the right kind of linkages between the female workforce and organisations,”
For The HR Fund, Sheroes.in is the fifth investment. Sheroes had last year raised funds in an angel round from 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 founder Sairee Chahal said:
“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 company’s footprint,”
Quintillion Media founder Bahl says:
“The website has shown great traction. It is an innovative business model and high impact makes it a compelling startup.”
Founded back in 2014, Sheroes is planning to expand its footprint from 12,000 companies to 30,000 in the next 18 months. The venture aims to take its career support helpline to more number of women via their mobile phones. Apart from that, it also plans to scale up its pilots around the work-from-home segment. The company has communities spread across major metros and tier II cities including Jaipur, Indore and Pune.