Company Name : Hopscotch
Funding Amount : $13 Million
Investor(s) Eduardo Saverin
Funding Round : Not Disclosed
Hopscotch has secured $13 Million in a Series C investment led by Facebook Co-Founder Eduardo Saverin.
This investment is Eduardo’s first 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.
Hopscotch currently is growing at 700% year-on-year in terms of revenue, said the company.
Co-founded by Harvard Business School alumni Rahul Anand and Lisa Kennedy in October 2012, it offers a wide range of curated children’s merchandise. The funding will be used for its growth and expansion in technology platform.
Rahul Anand, Founder and CEO of Hopscotch, said, “We are excited to have Eduardo on our Board, who will work in tandem with us and continue providing Indian moms with the best for their kids. With invaluable insights and experience, it is reassuring to have him as an investor. This announcement marks a new milestone in Hopscotch’s journey to be the iconic destination for moms.”