Just4Kids Services Ltd, the parent company that owns the mycity4kids brand, has raised funding from YourNest Angel Fund, an early-stage venture capital fund.
mycity4kids is a vertical e-commerce/classified portal focused exclusively on local kids-related services for children up to the age of 14. Parents can visit the site to search for information, look for recommendations and pay, thereby completing the entire purchase process online. The exhaustiveness of the listings, the ability to search on the basis of locality, the child’s age, reviews and ratings and pay online or by availing the cask pick-up facility, make it a must-have tool for all parents in every city.
With 120 lac households present in the top 16 cities in India, the market for kids’ services is estimated to be worth Rs. 15,000 crores. The portal also provides a proprietary marketing and sales platform for local businesses to seamlessly promote their services, manage leads and responses and collect money online or though the cash pick-up facility.
Subsequent to the investment, Girish Shivani, Founder Director – YourNest Angel Fund will join board of mycity4kids as YourNest Angel Fund’s nominee. mycity4kids currently caters to parents in Delhi NCR and will be extended to Mumbai and Bangalore on the 15th of July. Over the next three years the service will be available in the top 16 cities in India.