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Monday, March 4, 2024

Women’s networking startup Leap.club gets $1 million  to fast-track growth

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Professional network for women, leap.club, has secured funding of $1 million. The company will use the money to fast-track growth.

Women’s networking startup Leap.club has secured $1 million in  from current investors and top startup founders.

Existing investor Enzia Ventures led the round in addition to Artha India Ventures, Ghazal Alagh of Mamaearth, Alok Mittal of Indifi, Atul Goel (E-city Ventures), Vatsal Singhal of Ultrahuman, Shrishti Sahu of Hustle Hard Ventures, Ashwini Asokan of Mad Street Den, and Swati Mohan (ex-CMO Netflix).

This additional $1 million comes a year after their previous round of $810,000. The firm received $380,000 in its seed round in July 2020, bringing its total funding to $2.2 million.

In May 2020, Ragini Das and Anand Sinha, two former senior Zomato executives, founded leap.club. 10,000+ paying members from 2000+ organisations, 200+ locations, and 15 countries now make up the organisation.

Its members include women from top organisations including Nykaa, Meta, Amazon, Sequoia Capital, and Google in addition to startups, professionals, freelancers, and women taking a break. Members can expand their networks, enhance their careers, find collaborations, build an audience, and make new friends by using leap.club.

For the debut of its talent solutions platform, which will connect women to the greatest workplaces and enable the appropriate career steps for them, the company has already signed up 50 major corporations and roughly 100 startups. The startup is supported by well-known angel investors including Kunal Shah, Amrish Rau & Sweta Rau, and Deepak Abbot as well as top venture capital firms like Enzia Ventures, Titan Capital, Whiteboard Capital, and Artha India Ventures.

The startup wants to have 100,000 users and make $100 crores in revenue in the next two years.

It is also one of the rare businesses in India with a cap table that includes nearly 40 early adopters and a majority of female investors.

According to co-founders Ragini Das and Anand Sinha, the new funds will be used to accelerate growth and go from 10,000 paying members to 100,000 paying members. We anticipate reaching 100 crores in sales within the next 36 months because we are a revenue-first organization.

Our team is motivated by the desire to see more women in positions of leadership, and we are building a platform with a focus on networking, education, and employment to enable this for our members.

This funding confirms the product-market fit of leap.club in the midst of a difficult macroeconomic environment for startups globally, and we believe we’re just getting started.

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