Sheroes.in, a well known career platform for women, has raised Series-A funding of Rs. 12 crore. The funding is piloted by Lumis Partners, along with angel investor Rajul Garg, and The HR Fund among others. Dexter Capital has worked with Sheroes as their financial advisor for the funding.
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The family has gathered a minority stake in the five-year-old startup. The Bachchans picked up the shares of ziddu for $252,000 using cash from two accounts (one is Amitabh Bachchan’s account and another is a joint account with Abhishek Bachchan). The Bachchans had to use funds in their overseas accounts to wind up the deal as banks in India needed a notification from RBI to transfer the amount.
YourNest Angel Fund has announced that US-based Northgate Capital has joined as an investor alongside SIDBI and IIFL. Northgate Capital is a subsidiary of Religare Global Asset Management that holds a 26 percent stake in YourNest. YourNest hopes that Northgate will look at investing in Series B and higher investment rounds as well as help with fundraising and asset management.