Sheroes, a career platform for women, has raised Rs 12 crore in a Series A round of funding led by Gurgaon-based investment firm Lumis Partners.
The HR Fund, angel investor Rajul Garg and existing investor Raghav Bahl-led Quintillion Media also participated in the round, according to a press statement.
The transaction is part of a larger commitment, it said, without elaborating.
Sairee Chahal, founder of Sheroes, said the startup will use the funds to invest in technology, resources and growing its business.
Utkarsh Joshi, CEO of The HR Fund, said Sheroes is the fund’s fifth investment and is a “perfect fit” for its portfolio.
As part of the investment, Sandeep Sinha, co-founder and managing partner of Lumis Partners, and Pankaj Bansal, a promoter and director at The HR Fund, will join the board of Sheroes.
The startup, operated by Applied Life Pvt. Ltd, had last year raised angel funding from Quintillion Media, 500 Startups and a clutch of investors including Paytm’s Vijay Shekhar Sharma, Google’s Rajan Anandan and Flipkart’s Binny Bansal.
Launched in January 2014, the startup works with companies to provide support for their workforce needs and helps them build women-centric channels. It claims that about 12,000 companies actively use the platform. It also runs a career support helpline via phone and app.
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