Sheroes raises Rs 12 cr from Lumis Partners, others

Sheroes, a career platform for women, has raised Rs 12 crore in funding led by Lumis Partners along with The HR Fund and angel investor Rajul Garg. Existing investor Raghav Bahl-led Quintillion Media also participated in the Series A round. "The transaction is part of a larger commitment, out of which Rs 12 crore come in immediately," Sheroes said in a statement. Sandeep Sinha and Pankaj Bansal will join the board of Sheroes parent Applied Life, it added. Dexter Capital was the financial advisor and Vertices Partners was the legal advisor for the transaction. Sheroes had earlier raised 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 is uniquely placed to solve a hard problem and has invested in building the entire ecosystem supporting women and their aspirations," the company's founder Sairee Chahal said. With this capital raise, the platform will further strengthen investment in technology, resources and growing the Sheroes footprint, she added. Sheroes is a career community of women with members from over 20,000 locations. Over 12,000 companies actively use the platform. It also runs a career support helpline via phone and app.