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Sheroes raises $1.8M in a funding round led by Lumis Partners


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Sheroes, an online platform which lists jobs for women, has raised Series A funding worth Rs 12 crore ($1.8 million) led by Lumis Partners, with participation from The HR Fund, Rajul Garg and existing investor Quintillion Media. Sheroes says that the $1.8 million is a part of a bigger investment but did not disclose the size of it.

The company will use the funds for technology and resources. Sandeep Sinha and Pankaj Bansal will join the board of Sheroes parent company Applied Life Pvt Ltd. Sheroes has previously raised angel funding from Quintillion Media, 500 Startups and individuals including Vijay Shekhar Sharma, Rajan Anandan, Binny Bansal, Mekin Maheshwari, Girish Mathrubhootham, Indus Khaitan and Krishna Mehra.

The company claims that 12,000 firms use its platform, it is active at 20,000 locations and also runs a career helpline through phone and its app. It also runs a career support helpline that it plans to expand to be able to reach women on their mobile phones. Besides, it plans to scale up its pilots around the work-from-home segment, as indicated by this Economic Times report.

Recent women-oriented initiatives:
– In May, Google, which launched Internet Saathi with Tata Trusts to provide education to women in rural India on the basic use and benefits of internet in July last year, expanded to 4 more states: West Bengal, Assam, Uttar Pradesh and Tripura.
– In March, the Ministry of Women and Child Development launched an online marketing portal called Mahila e-haat for women entrepreneurs to list and showcase their products online without any extra costs.
– In November last year, Mumbai-based advertising technology firm Fork Media launched Hauterfly, a fashion and lifestyle website targeted specifically towards millennial women in India.
– In September 2015, Oyo Rooms launched a women-exclusive brand called Oyo WE with all women staff and facilities curtailed to suit women-specific needs.

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