Total amount raised
$2.6 Millions
Latest funding date
Location
SHEROES has successfully raised funding through multiple rounds, with notable investors such as Teja Ventures and HR Fund backing the platform. The company continues to grow as a women-only social network, emphasizing safety, trust, and empathy.
Keep reading to explore the intricacies of SHEROES' fundraising journey and the investors supporting this unique platform.
What Is SHEROES?
SHEROES, founded in 2013, is a women-only social network based in Delhi, India. The platform was created by Sairee Chahal, Satyadeep Karnati, Siddhartha Ahluwalia, and Sowrabh N R S.
Operating in the e-commerce, mobile apps, and social networking industries, SHEROES has a workforce of 101-250 employees. The platform emphasizes safety, trust, and empathy, providing a high-trust environment for women to connect, share, and grow.
How Much Funding Has SHEROES Raised?
- Seed Round
- Amount Raised: ₹50M
- Date: August 12, 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Early-stage development and scaling of the business.
- Series A
- Amount Raised: $1.8M
- Date: August 2, 2016
- Lead Investors: Lumis Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Growth and expansion, including acquisitions and platform enhancements.
- Series B
- Amount Raised: Not publicly disclosed
- Date: September 18, 2018
- Lead Investors: Anand Chandrasekaran, Leo Capital Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Strengthen the platform’s vernacular reach to cater to a diverse audience.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 1, 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Not publicly disclosed
Total Amount Raised: $1.8M + ₹50M
Current Valuation: Not publicly disclosed
Key Investors
- Teja Ventures
- Details: Teja Ventures is a venture capital firm that focuses on investing in companies that have a positive social impact. They are particularly interested in businesses that empower women and promote gender equality.
- Investment Focus Areas: Social impact, gender equality, technology.
- Notable Investments: Not publicly disclosed.
- HR Fund
- Details: The HR Fund is an investment fund that specializes in human resources and workforce management solutions. They aim to support companies that innovate in the HR space.
- Investment Focus Areas: Human resources, workforce management, technology.
- Notable Investments: Not publicly disclosed.
- Leo Capital
- Details: Leo Capital is a venture capital firm founded by Rajul Garg. They focus on early-stage investments in technology-driven companies.
- Investment Focus Areas: Technology, early-stage startups, innovation.
- Notable Investments: Not publicly disclosed.
- Anand Chandrasekaran
- Details: Anand Chandrasekaran is a well-known angel investor with a background in technology and product management. He has held significant roles in major tech companies.
- Investment Focus Areas: Technology, product management, startups.
- Notable Investments: Not publicly disclosed.
- Lumis Partners
- Details: Lumis Partners is a Gurugram-based investment firm that focuses on companies with strong growth potential. They have been involved with SHEROES since the Series A round.
- Investment Focus Areas: Technology, services, growth-stage companies.
- Notable Investments: Led a ₹12 crore funding round for SHEROES in August 2016.
What's Next for SHEROES?
SHEROES is poised to capitalize on the growing demand for vernacular content and enterprise solutions. With a user base of over 5 million and a diverse demographic, the platform has significant opportunities to expand its reach and enhance its offerings.
Future fundraising rounds are likely, given the ongoing interest from investors. These funds could be used to further scale the platform and make strategic acquisitions, enhancing SHEROES' service offerings and user experience.
However, challenges such as maintaining the quality of vernacular content and competing with other women-centric platforms remain. Addressing these issues will be crucial for SHEROES as it continues to grow and evolve.
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