AntFarm, a digital innovation company, has raised Series-A funding from Bay Capital and Hausela Capital Partners. The funds will be used to grow the current portfolio, grow upcoming businesses in the travel space and to build new early stage ventures in the fitness, hyper-local and mobile categories.
Started by Rishi Khiani (ex-Times Internet and Network18), AntFarm has so far focused on Stylista.com, a collaborative fashion label, and Fork Media, a native advertising platform.
– Stylista has grown significantly since its launch, carving a niche in the e-commerce domain. Stylista recently collaborated with fashion e-tailer Myntra.com along with Flipkart.com to facilitate better access to affordable designer wear for new-age shoppers.
– Fork media, the company claims has become one of the largest native advertising platforms in India. With its recent acquisition of ClickZoot, a performance ad network, Fork Media has emerged as a one-stop destination for advertisers with a reach of over 80 million users.
– AntFarm’s most recent venture, Arrive.com, is a travel discovery platform that is close to rolling out a mobile app for the East Asian market.
Antfarm earlier raised an angel round from Ravi Dhariwal, Chief Executive Officer of Bennett Coleman & Co. Limited, and leading entrepreneur, Sanjay Kalra, who previously served as the CEO of Tech Mahindra Ltd.