Mumbai-based online retailer of babycare and children’s products, Hopscotch has raised $13 million in a series C investment led by Facebook Co-Founder Eduardo Saverin. India’s discovery based eCommerce destination for moms, Hopscotch holds the distinction of being Eduardo’s first ever direct investment in India. Also, the Saverin Family Office will join the Hopscotch board and work closely with the management team, a testimony to the company’s growth and expansion.
The firm claims that it is currently growing at 700% year-on-year in terms of revenue. Co-founded by Harvard Business School alumni Rahul Anand and Lisa Kennedy in October 2012, as a discovery-based eCommerce destination for Indian moms, it offers a wide range of curated children’s merchandise. It looks forward to dedicating the newly secured funding for its growth and expansion in technology platform. The latest round brings the total raised funding of the company to date is $28 million.
Currently, this online destination has over 3,000 local and international brands across multiple product categories including apparel, shoes, toys and accessories.
In 2014, the startup raised $2 million from a group of investors including Singapore based LionRock Capital along with Nisaba Godrej, Skype co-founder Toivo Annus and Diapers.com CTO Wei Yan and last year, it secured $11 million in series B round of funding led by Facebook co-founder Eduardo Saverin, and Velos Partners.