Mumbai-based parenting social discovery platform Babychakra has raised an undisclosed amount of Series A funding from Seattle-based VC fund RoundGlass Partners.
The startup will use the newly raised funds to invest in product development, strategic hires, and creating localised content.
Naiyya Saggi, CEO, BabyChakra said, “We created BabyChakra for two reasons: one because young couples are essentially raising children in nuclear families with no support system to fall back on. Parenting can be very isolating and many first-time parents need guidance and reassurance or immediate access to urgent questions. Secondly, this same community of young couples are also highly-active online consumers who use the internet to find homes, to seek guidance on technology purchases, and look for recommendations for restaurants and travel destinations. We saw a critical void for an online resource for childcare and parenting.”
Babychakra was founded in february 2015 by Harvard Business School alumni Naiyya Saggi (a former McKinsey consultant); Mitesh Karia (an FMS Delhi alumnus and Ex-HSBC); & Mohit Kumar (an IIT-Delhi alumnus and DzignUp co-founder). It is an online community that provides information on conception, pregnancy, birth, and early childhood for parents and parents-to-be. I
As per a company statement, the site also provides reviews of more than 25,000 maternity and childcare services. All content and services focus on maternity and childcare: with content centred on healthcare, nutrition, early learning and support services (daycare, nanny agencies).
Prior to this in June 2015, Babychakra raised Angel round of funding led by Mumbai Angels. Patni Family Office, Satveer Singh Thakral from the Singapore Angel Network, Karan Maheshwari, Jatin Aneja, Kishor Ganji, Roopa Nath also participated in this round of funding.
Earlier in September 2016, parenting focussed social networking startup Parentlane secured an undisclosed amount of funding from Capier Investments, the personal investment firm of Rohit MA, co-founder of Cloudnine Hospitals. Other startups in this segment include Tinystep, BabyBerry, Ratan Tata-backed Firstcry, Mahindra Group’s BabyOye, HopScotch, etc.
