Company Name : mycity4kids
Funding Amount : $3 million
Investor(s) SIDBI Venture Capital Limited YourNest Angel Fund. .
Funding Round : Not Disclosed
Parenting platfrom, mycity4kids has raised $3 million from SIDBI Venture Capital Limited and YourNest Angel Fund.
The platform has sharply Mum-focused content which includes the hyper-local discovery platform for kid’s resources and events, as well as a community of Mommy blogger and Parenting experts, in the country.
The company claims to have 2.5 mn page views, 700 bloggers and 75,000 service providers listed across 9 cities.
Vishal Gupta, CEO of mycity4kids, said, “Our expansion plans, in this phase, are geared towards becoming a daily-use product for every Mum. You will see several mobile-led initiatives in that direction, starting with the recent launch of the mycity4kids Family Organizer app.”
The product pipeline includes a Mum-specific, group-chat platform which is integrated with the calendar and to-do list.
This round of funding will take care of the capital requirement for the next 24 months and plans to attain 5mn Mums in the next 18 months.