SHEROES acquired Women Restart for undisclosed amount
Founders: Sairee Chahal
Founded in: 2013
Financing status: USD 1.8 million for Series A round in 2016
SHEROES was founded in 2013 by Sairee Chahal, a former recipient of the Aspen Leadership Fellowship. Previously, she was a brand ambassador at FARO and co-founder of Fleximoms.
SHEROES is a women-focused career platform in India. It offers opportunities for women seeking career options at various stages in life. The diverse range of engagement opportunities include corporate jobs, partner programs, working from home, part time jobs, freelance opportunities, franchising, mompreneur programs, internship programs, and options for returning professionals. SHEROES claims that over 1,000 companies use their platform to reach talented women professionals, while SHEROES, itself, partners with the startup-ecosystem to enhance entrepreneurial connections for its users. The SHEROES Community has access to career resources, mentorship and support. The platform engages with other businesses to help women connect with female talents who are either current employees, partners, customers, or business owners. The company claims to have served 1 million women.
On the other hand, Bangalore-based Women Restart specifically supports women returning to work after having taken a career break. Founded in 2015 by Sheetal Arora, it gives women job-readiness assessment and skill development on latest trends and technologies in the workforce. It also connects women with potential employers.
SHEROES founder Sairee Chahal said that Women Restart provided a strong community on the SHEROES app and, thus, having Women Restart onboard will bring deeper support via the platform.
SHEROES will use this acquisition to strengthen its business and presence in Bangalore.
In August 2016, SHEROES raised USD 1.8 million for their Series A financing round led by Lumis Partners. Individual investor Rajul Garg and existing investor Quintillion Media also participated in the round.
(Top photo from Kamdora website)