Online platform Babychakra, primarily lets young parents to discover and select local services for their kids such as child specialists, playschools, day-cares, prenatal classes, play areas among others has raised angel round of funding led by Mumbai Angels. Mumbai based company raised close to $600K. Satveer Singh Thakral from the Singapore Angel Network, Karan Maheshwari, Jatin Aneja, Kishor Ganji and Roopa Nath also participated in the round.
Founded in 2014 by by Harvard Business School alumni Naiyya Saggi who is also an former McKinsey consultant, Mitesh Karia, an FMS Delhi alumni and Ex-HSBC & Mohit Kumar, an IIT-Delhi, and DzignUp co-founder, BabyChakra 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. BabyChakra helps the 30 million mums (and dads) online make crucial decisions on doctors, hospitals, cord blood banks etc.
Naiyya, co-founder and CEO of BabyChakra said, “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. Our vision is to be the platform of choice to help Indian parents make better everyday decisions for themselves and their children. It’s great to have the backing of an incredible group of investors who believe in us and our ability to disrupt at scale.”
“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.”