Fundz

Amazon Backs Indian Kids Fashion Brand Hopscotch In $20M Funding

PRIVATEMay 24, 2023

Amount Raised

$20 Million

Round Type

Funding Round

MumbaiFinancial ServicesSoftware

Investors

TracxnFacebook Co Founder Eduardo SaverinTechpro VenturesLionrockRPG VenturesIifl Seed Venture FundAmazon

Description

Hopscotch, an Indian brand offering fashion wear for kids, has raised $20 million in a funding round led by Amazon amid the ongoing market slowdown and funding crunch that have significantly impacted young firms in the South Asian nation.

Quick answer

Hopscotch raised $20 Million in a Funding Round round, dated May 24, 2023. Investors: Tracxn, Facebook Co Founder Eduardo Saverin, Techpro Ventures, Lionrock, RPG Ventures, Iifl Seed Venture Fund and Amazon. Hopscotch is based in Mumbai, Maharashtra, India.

How much did Hopscotch raise?
Hopscotch raised $20 Million in a Funding Round round on May 24, 2023.
Who invested in Hopscotch?
Tracxn, Facebook Co Founder Eduardo Saverin, Techpro Ventures, Lionrock, RPG Ventures, Iifl Seed Venture Fund and Amazon are named as investors in this round.
What does Hopscotch do?
Established in 2012, Hopscotch is India’s leading kids fashion brand positioned at the sweet spot of aspiration and affordability.
Where is Hopscotch based and how big is it?
Hopscotch is based in Mumbai, Maharashtra, India.
Who are the decision-makers at Hopscotch?
Fundz holds 1 contact at Hopscotch. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Software around the same time

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

  • Dougs raised $27M (Funding Round) on July 5, 2023.
  • Leverage Edu raised an undisclosed amount (Funding Round) on July 3, 2023.
  • Streamex Corp. raised $1.7M (Seed) on June 30, 2023.
  • Nuvocargo raised $37M (Funding Round) on June 27, 2023.
  • Omnevue raised $3.1M (Seed) on June 22, 2023.
  • Kafene, Inc. raised $13M on June 21, 2023.

Who to call at Hopscotch, and when

A new round usually means Hopscotch is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Hopscotch raises, hires an executive or expands, scored against what you sell
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Company Information

Company

Hopscotch

Location

Mumbai, Maharashtra, India

About

Established in 2012, Hopscotch is India’s leading kids fashion brand positioned at the sweet spot of aspiration and affordability. The brand features the latest trends in kids fashion on its store online, and has served over 30 lac parents across 1,300 Indian cities. Hopscotch was founded by Harvard Business School Alumnus - Rahul Anand. Rahul observed that India was the #1 kids market in the world with a strong legacy of textile looms and manufacturing. With social media, Indian parents are increasingly exposed to fashion styles across the world and aspiring for more. Despite this tremendous domestic demand, Indian consumers were starved of fashionable clothing that was affordable. India lacked a dominant kids brand. He founded Hopscotch to provide Indian parents access to kid’s fashion., Using technology, Hopscotch today launches 500 new and trendy items daily, and at jaw dropping price points. The Hopscotch team consists of a network of international designers, vendors, and buyers who track fashion weeks and couture trends globally. Hopscotch leverages technology to rapidly launch these styles in real time and makes them available to Indian parents each day. Today, Hopscotch is one of the largest fashion brands in the country. It has achieved triple digit growth YoY serving an enormous base of over 3 million active users, with 70% of its demand from tier 2 and smaller towns. Hopscotch is backed by a range of institutional investors, including RPG Ventures, India Infoline Seed fund, LionRock Capital, Rise Capital. Noteworthy HNIs, Eduardo Saverin (Co-founder, Facebook), Wei Yan (CTO and co-founder of Diapers.com), Atul Nishar (founder of Aptech), Toivo Annus (CTO and co-founder of Skype), and Nisa Godrej (MD GCPL) have backed the company and continue to advice the business as it scales to new heights.

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Hopscotch 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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