Sheroes, women’s community platform, has raised an undisclosed amount of funds from venture capital firm Leo Capital and angel investor Anand Chandrasekaran, Head of Platform & Product Partnerships of Messenger at Facebook.
Other existing investors that participated in the round include Lumis Partners, Raghav Bahl, Quintillion Media, and the HR Fund. The funds raised will be used to strengthen the vernacular reach of the platform.
Sheroes was founded by Sairee Chahal in 2013, with its headquarter in Delhi. The startup provides a platform for women to engage in conversations across various topics like health, careers, relationships, achievements, and moments.
Talking about the investment, Rajul Garg, Founder and Managing Partner, Leo Capital, said, “Sheroes has been able to take a platform approach for a very large, global demographic of users. Leo Capital was attracted by the combination of a deeply technical product and a strong brand that is easy to connect to,”.
The women-focused startup also provides enterprise solutions for women like SHE, a platform to prevent sexual harassment at work. It also provides an app that offers various other solutions like a dedicated helpline to consult counsellors, in regards to various aspects of their growth journey.
The startup claims to have more than 5 million members on the platform and the Sheroes app crossed 1 million downloads by January this year.
Among its members, include a diverse cross-section of women from varied backgrounds and geographies like homemakers, professionals, gig workers, entrepreneurs, and students. The platform is witnessing a growth in vernacular users and the first generation of digital users.
Sheroes last raised $1.8 million in series A round led by Lumis Partners in August 2016. Last year, it acquired mother’s community startup Babygogo in December and women career restart platform Women Restart in August.