Herkey helping women connect with jobs raises $4M from Kalaari, others

Founded by Wharton alumni Neha Bagaria, Herkey is a career management platform that connects women with jobs and helps them in growing their career growth. The startup has now raised $4 million in a fresh funding round led by Kalaari Capital and 360 ONE Asset (previously IIFL Asset Management).

The round also included angel investors' participation. These include Zia Mody, Managing Partner, AZB & Partners; Puneet Dalmia, Managing Director, Dalmia Bharat Group; Pramit Jhaveri, Former CEO, Citi India; Aditi and Shuchi Kothari, DSP Investment Managers Private Limited; KP Balaraj, Founder, KPB Family Trust, Ranjan Pai, Chairman, Manipal Group; Neeraj Bajaj, Chairman, Mukand Limited, and Akash Bhansali.

HerKey, previously called JobsForHer, connects women with jobs and helps them in upskilling, reskilling, and getting mentorship to better their career growth. With a current base of 3.5 million women, The startup aims to scale it to 30 million in the future. 

According to the company's statement, It is addressing the gender gap in the Indian workforce, where only 20% of women participate in the labour force, compared to 60% in China and 55% in the United States.

"A crucial aspect of India’s economic ascent in the coming decade will be increasing participation of women in the workforce. A digital platform like HerKey is the need of the hour to make progress towards this goal. HerKey helps women exchange diverse knowledge and perspectives and enables them to interact without being constrained by time and location,” said Vani Kola, Founder and Managing Director of Kalaari Capital. 

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