FlexiBees, a Premier Talent Platform, Secures Pre-Series A Funding Led by IPV
Shreya Prakash, Rashmi Rammohan, Deepa Swami – Co-Founders At FlexiBees
FlexiBees, a leading talent marketplace providing flexible, part-time, and remote work solutions, has raised its Pre-Series A funding round led by Inflection Point Ventures (IPV). The round also saw participation from Shan M S, COO of Namma Yatri, Reema Mahajan, founder of International Women in Dubai, and other notable investors.
The funds will be used to expand its technological infrastructure, refine its AI algorithms, and broaden its market presence to better meet the needs of both employers and talent.
Leading the Talent Marketplace
FlexiBees is a premier talent platform connecting women professionals with part-time, project-based, and remote roles. Serving over 700 businesses globally, including major firms like Kimberly-Clark Professional and Tata Realty, as well as high-growth startups such as Qapita and Creditmantri, FlexiBees boasts a network of over 60,000 professionals. They have successfully placed more than 1,400 women in flexible careers and impacted over 20,000 women through returnship preparation and interview coaching.
Experienced Leadership
Shreya Prakash, Co-Founder and CEO of FlexiBees, oversees Business Development and Marketing, drawing on a decade of experience at Hindustan Unilever. Rashmi Rammohan, Co-Founder and COO, manages Business Delivery, Technology, and Digital, with a distinguished background in leading Media, Digital, and e-commerce Insights at P&G. Deepa Swami, Co-Founder and Chief Talent Officer, handles Talent Acquisition, Project Operations, and Finance & Legal, supported by her prior roles as a Management Consultant at KPMG and in the education sector with Aptech. All three are distinguished MBA graduates from IIM Bangalore.
Strategic Investment
Vikram Ramasubramaniam, Partner at Inflection Point Ventures, stated, “Balancing household and office responsibilities often takes a significant toll on individuals, such as new parents or those caring for aging relatives, leading to compromises. FlexiBees addresses this by offering part-time, project-based, and remote jobs, enabling professionals to manage both their personal and professional lives effectively. This approach allows them to contribute their expertise while maintaining personal commitments, benefiting employers with access to skilled talent.”
Value Proposition
FlexiBees provides startups and SMBs with cost-effective and agile solutions, helping professionals balance their careers and personal lives. Their advanced vetting technology ensures high-quality matches, with 70% of business from repeat clients. The IIM Bangalore startup offers a broad range of roles such as Sales, Digital Marketing, Finance, HR, and Technology, significantly reducing hiring time by 90%. For professionals, it offers flexible, career-advancing opportunities that promote financial independence and agency.
Team and Vision
As of July 2024, FlexiBees has a team of over 30 professionals working remotely, all sourced from their own talent pool, exemplifying their commitment to flexibility. Shreya Prakash, Co-Founder & CEO, says, “Our objective is to scale our operations to generate employment opportunities and improve employability for millions of women professionals currently outside the full-time workforce. This initiative will provide businesses across the world with access to a remarkable talent pool, helping them grow competitively. We express our sincere gratitude to Inflection Point Ventures for their confidence in our vision and ambition. We could not have asked for more esteemed partners.”
Rashmi Rammohan, Co-Founder and COO, adds, “We recognized early on that the traditional marketplace matching approach was insufficient for our needs. Companies today are hiring for a wide array of roles flexibly, from Sales and Marketing to Content Strategy. Traditional gig marketplaces lack the capability to effectively manage these complex skill matches.”
Recognition and Market Potential
In 2022, FlexiBees was honored as the first runner-up in the Tie Women’s competition for South East Asia and South Asia. Notably, FlexiBees was recognized by Jefferies, a leading brokerage firm, as a pioneering force in the flexible work sector.
FlexiBees targets startups and SMBs within a global ecosystem of over 3.5 million startups spread across more than 300 hubs, collectively generating $4 trillion in value. The company seeks to capture a share of this substantial market by offering experienced, cost-effective, and on-demand talent from India and other regions where the pool of qualified women professionals remains under-utilized.
About FlexiBees
FlexiBees operates as a talent platform for part-time, project-based, and remote positions, focusing on connecting businesses with vetted women professionals. The platform has facilitated the recruitment of experienced talent for over 700 organizations, leveraging a pool of more than 60,000 qualified women. By providing flexible, on-demand hiring solutions, it delivers both affordability and high-caliber talent to meet diverse business needs.
About Inflection Point Ventures and Physis Capital
Inflection Point Ventures (IPV) is an angel investing platform with over 18,000+ CXOs, HNIs, and Professionals investing in startups. The firm supports new-age entrepreneurs by providing them with monetary and experiential capital and connecting them with a diverse group of investors. IPV has announced the launch of a $50 million CAT 2 AIF, Physis Capital, to invest in pre-Series A to Series B growth-stage startups.