HerKey, a career engagement platform for women in India, has secured a $4 million funding round from Kalaari, 360 ONE Asset, and angel investors, including Zia Mody, Puneet Dalmia, Pramit Jhaveri, Aditi & Shuchi Kothari, KP Balaraj, Ranjan Pai, Neeraj Bajaj, Akash Bhansali and others.
The funding came from Kalaari Capital’s CXXO program, which aims to create a lively community of female leaders to support the next generation of female founder-CEOs for inclusive growth and career prospects.
The platform aims to close the gender pay gap in the workforce of India, where only 20 percent of women are employed, compared to 60 percent in China and 55 percent in the US. The business began by helping women resume their professions after taking a hiatus, and it has developed to help women launch, resume, and advance in their careers.
Neha Bagaria, the Founder and CEO of HerKey, said, “We are grateful to our esteemed investors for their support in helping us create a more inclusive workforce for women in India.”
Under her leadership, HerKey has grown to service over 3.5 million women across India and plans to scale to power 30 million women’s careers in India.
HerKey aims to promote women’s participation in the Indian workforce
HerKey, known initially as JobsForHer, was established in 2015 as a platform for professional engagement that connects women in India with career advocates to open doors to jobs, education, and communities. The firm has been at the forefront of creating scalable solutions to raise women’s employment rates in India.
It assists more than 10,000 businesses in India that highly value diversity and inclusion in connecting with and hiring women. Employers interact with female applicants across their entire career lifecycle, from recruitment to retention to advancement, using the HerKey platform.
The company aims to help women reach their maximum potential by introducing them to the appropriate opportunities, resources, and networks. HerKey aims to be every woman’s trustworthy travel partner.
“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,” said Vani Kola, Founder and Managing Director of Kalaari Capital.