HerKey, the career engagement platform for women in India, has announced a USD 4 million funding round from Kalaari, 360 ONE Asset, earlier known as IIFL Asset Management (IIFL AMC), and angel investors including Zia Mody, Puneet Dalmia, Pramit Jhaveri, Aditi & Shuchi Kothari, KP Balaraj, Ranjan Pai, Neeraj Bajaj, Akash Bhansali and others.
Formerly known as JobsForHer, HerKey seeks to address the gender gap in the Indian workforce, where only 20 per cent of women participate in the labor force, compared to 60 per cent in China and 55 per cent in the United States. The company started by enabling women to restart their careers after a break, and it has grown to enable women to start, restart and rise in their careers.
Neha Bagaria, the Founder and CEO of HerKey, commenting on the fndraise, said, "We are grateful to our esteemed investors for their support in helping us create a more inclusive workforce for women in India."
Companies use the HerKey platform to engage with women candidates in their entire career lifecycle, from recruitment to retention to promotion. According to HerKey, its services are designed to support companies in building a diverse and inclusive workplace, attracting and retaining top talent, and creating a positive impact on their business. It claims to have over 10,000 companies on its platform.
“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, perspectives and enables them to interact without being constrained by time and location. Neha, as founder and CEO, has done a stellar job in creating pathways for many women to come back into the workforce after a break. We have been impressed by HerKey’s growth trajectory and look forward to partnering with them as they redefine the landscape of women's careers in India,” said, Vani Kola, Founder and Managing Director of Kalaari Capital.