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Bollywood Actress Dia Mirza Invests In Parenting Platform Babychakra

PRIVATESep 27, 2023

Round Type

Funding Round

MumbaiE CommerceFashion

Description

Bollywood actress Dia Mirza has invested an undisclosed amount in online parenting platform BabyChakra, a subsidiary of content-to-commerce conglomerate Good Glamm Group, the company said on Wednesday.In an official statement, the Mumbai-based startup said Mirza’s investment will enable them to incorporate sustainable and clean care principles into their product offerings.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Applied Business AnalyticsVisitIndian School of BusinessISB Professional Certificate in Digital MarketingVisitIIM LucknowIIML Executive Programme in Data ScienceVisitIndian School of BusinessISB Product ManagementVisit“We are excited to work closely with Dia as we grow our range of products and solutions for families across India,” Naiyya Saggi, group cofounder, Good Glamm Group and CEO, Good Community, said in the statement.BabyChakra was acquired by direct-to-consumer (D2C) brand MyGlamm, a part of the Good Glamm Group, in 2021. MyGlamm had then said it would invest Rs 100 crore over the next three years to bolster the platform’s growth.Mirza’s investment comes at a pivotal moment, as it highlights the growing trend of celebrities, both from Bollywood and sports, showing keen interest in emerging startups and D2C brands. This trend continues to gather momentum despite funding challenges facing the Indian startup ecosystem, which has seen a decrease in venture capital investments due to various macroeconomic headwinds.Powered ByVideo Player is loading.Play VideoPlaySkip BackwardMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -0:00 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions and subtitles off, selectedAudio TrackPicture-in-PictureFullscreenThis is a modal window.No compatible source was found for this media.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentText BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentTransparentCaption Area BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.AdvertisementOther celebrities have also ventured into the startup landscape recently

Quick answer

BabyChakra raised an undisclosed amount in a Funding Round round, dated September 27, 2023. BabyChakra is based in Mumbai, Maharashtra, India.

How much did BabyChakra raise?
BabyChakra raised an undisclosed amount in a Funding Round round on September 27, 2023.
What does BabyChakra do?
BabyChakra is changing the way Indian families raise their children.
Where is BabyChakra based and how big is it?
BabyChakra is based in Mumbai, Maharashtra, India.
Who are the decision-makers at BabyChakra?
Fundz holds 1 contact at BabyChakra. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in E Commerce and Fashion around the same time

Companies in the same sectors as BabyChakra that raised within 45 days of this round, from Fundz verified event records.

  • May Mobility raised $105M (Series D) on November 7, 2023.
  • Vaaree raised $4M (Seed) on November 7, 2023.
  • Pure Glow raised an undisclosed amount on November 2, 2023.
  • FounderSix raised $12M on October 25, 2023.
  • Showroom B2B raised $6.5M (Funding Round) on October 19, 2023.
  • JOOR raised $25M (Funding Round) on October 17, 2023.

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Company Information

Company

BabyChakra

Location

Mumbai, Maharashtra, India

About

BabyChakra is changing the way Indian families raise their children. It is India’s fastest growing and largest platform for pregnancy and childcare. Parents use it as a companion from when they are trying to conceive to when their child is five years old. BabyChakra has a mobile web and an android app. On BabyChakra, parents plug into a personalized ecosystem and can connect with other parents, experts and can buy relevant services and products. It has the largest community of Indian moms online (1 mn+ MUVs) and the biggest base of reviews on maternity and child care services. The company raised its Series-A funding from Round Glass Partners (Seattle) in 2016 & its Seed round from Mumbai Angels, the Singapore Angel network and Arihant Patni in 2015. For its disruptive innovation, it has won awards from Google, Microsoft, BusinessWorld, Exhibit among others. It has been highlighted internationally by Facebook, Wharton India Economic Forum, INC.com and TechCrunch. BabyChakra has been founded by Naiyya Saggi, a Harvard Business School alumnus, who has a rich experience in maternity and child care by way of her past experience at McKinsey and Public Health Foundation of India.The leadership team comprises of serial entrepreneurs and experienced industry professionals from leading ventures such as Google, Bloomberg, InMobi, HackerRank, Tiny Owl, Practo and others who have come together to create a global product from India.

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BabyChakra raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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