SHEROES.in, startup that helps women find career opportunities raises Rs 5 crore.
NEW DELHI: A bevy of investors including Google's Rajan Anandan, Paytm's Vijay Shekhar Sharma and Flipkart's Binny Bansal has invested in a startup that helps women find career opportunities.
SHEROES.in, a jobs and career community for women founded by Sairee Chahal, has raised its angel round of funding worth around Rs 5 crore. The funding was led by Raghav Bahl-owned Quintillion Media and 500 Startups. Other investors included Freshdesk's Girish Mathrubootham, entrepreneurs Indus K of Bitzer Mobile (which was acquired by Oracle) and Krishna Mehra of Capillary Technologies, Chahal said.
"The company has a clearly articulated opportunity, and has already shown some level of traction," said Anandan, Google India's managing director and one of the country's most active angel investors. Ten years from now, Sheroes should have impacted the lives of 100 million women. It is globally scalable, and will go beyond India, Anandan added.The startup focuses on career options including work-from-home jobs, part-time jobs, corporate opportunities, franchising, resellers, partnerships and startups for women. According to estimates, there are close to 15 lakh women in India who have had to take a mid-career break for some reason or the other.
SHEROES plans use the angel round proceeds to invest in community and product.
SHEROES is the largest professional forum for women in the world, Chahal claimed. "The core of our philosophy is to to help women navigate career stages and find work that fits their life."
The startup solves one of the real problems, said Flipkart cofounder Bansal. "Issues of women in workforce is a national concern and SHEROES. in is solving it in a very pragmatic, scalable way. This could be one of the solutions from India for the world products," Bansal added.
Pankaj Jain, partner of 500 Startups, said: "We at 500 Startups are very excited to work with the SHEROES.in team in their mission to empower Indian women find great, flexible opportunities and to help Indian businesses find highly qualified talent from all over India."
The two growth drivers for SHEROES are the community it is building and the transactions that happen, said Bahl, founder of Quintillion Media. "As the propensity grows, so should the community," he added. Quintillion's Ritu Kapur will join the Sheroes board.
SHEROES was launched in January 2014. Currently, more than 6,000 companies use the platform and over half a million women are SHEROES members across 5,000 locations, Chahal said. More than one million women availed of career resources, mentorship and opportunities at the startup in the past year.