BabyChakra raises funds for Android app, hiring
It raised an undisclosed amount from Mumbai Angels, Patni Family Office and Singapore Angel Network
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Bengaluru: Bengaluru-based BabyChakra, a website that helps young parents find playschools, paediatricians and gynaecologists, said on Tuesday that it has raised an undisclosed amount from Mumbai Angels, Patni Family Office and Singapore Angel Network.
Founded in 2014, BabyChakra said it has connected more than 250,000 parents to 5,500 local services providers so far. It also offers a social network for mothers called Momstars that lets mothers write service and product reviews and share recommendations.
The company, which is present in three cities, said it will use the funds to develop a mobile Android application and hire a senior management team.
“The funds raised through this round will be used primarily to hire top industry professionals for key roles and accelerate traction in our current markets,” co-founder and chief executive officer Naiyya Saggi said in a statement. “Our vision is to be the platform of choice to help Indian parents make better everyday decisions for themselves and their children.”
“BabyChakra is a truly innovative product that solves a real need for young parents today: making better, more informed care decisions for their families. The team has, in a short span of time, executed fast, shown strong traction and loyalty in users and is set to scale rapidly,” said Karan Maheshwari, deal lead for Mumbai Angels, an early stage investor. “We are excited to join BabyChakra on their journey to being a game-changing made-in-India venture.”