Leap Club, a professional women’s network, raises $1 million in a new round of funding

• ByStartupStory     |    December 2, 2022

Earlier today, the professional networking site leap.club revealed that it has raised $1 million in venture money from both seasoned investors and leading startup founders. In addition to Artha India Ventures, Ghazal Alagh of Mamaearth, Alok Mittal of Indifi, Atul Goel (E-city Ventures), Vatsal Singhal of Ultrahuman, Ashwini Asokan of Mad Street Den, Shrishti Sahu of Hustle Hard Ventures, and Swati Mohan, existing investor Enzia Ventures led the round (ex CMO of Netflix). This new $1 million comes a year after their previous round of $810,000. In July 2020, the startup raised $380,000 as a part of its seed round, bringing its total funding to $2.2 million.

Ex-senior Zomato executives Ragini Das and Anand Sinha started leap.club in May 2020. It has grown to have 10,000+ paying members across 2000+ organizations, 200+ locations, and 15 countries. Along with startups, professionals, freelancers, and women taking a break, it includes women from leading corporations like Nykaa, Meta, Amazon, Sequoia Capital, and Google among its members. Utilizing leap.club, members may grow their networks, advance their careers, look for collaborations, develop an audience, and meet new friends. The company has already signed up 50 major corporations and about 100 startups for the launch of its talent solutions platform, which will connect women to the best workplaces and enable the right career steps for them.

Leading investors, including Kunal Shah, Amrish Rau, and Sweta Rau, and Deepak Abbot, as well as top funds like Enzia Ventures, Whiteboard Capital, Titan Capital, and Artha India Ventures, support the startup. In the upcoming years, the company plans to reach 100,000 subscribers and Rs 100 crores in income. Additionally, it is one of the few firms in India to boast a cap table that is dominated by female investors and counts close to 40 early adopters as investors.

“The new funding will be used to accelerate growth and go from 10,000 paying members to 100,000 paying members. We are a revenue-first company and on track to hit 100 crores of revenue in the next 36 months. As a team, we are led by our mission of more women in leadership roles and are building a platform to enable this for our members with a focus on network, learning, and jobs. This investment, which comes amidst a tough global macro environment for startups, validates leap.club’s product market fit, and we believe we’re only getting started,” said co-founders Ragini Das and Anand Sinha.

Ghazal Alagh, Founder, of Mamaearth, said, “I have come to love and admire what Ragini and Anand are building at leap.club. They have a bold mission and ambitious goals to build the best professional network globally for women. They’ve not only demonstrated a very strong product-market fit in a short period of time but also retained a focus on delivering the highest quality experience to its members. I am very excited to come on board as an investor and partner with them on their mission.”

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