Mumbai Angels Network makes successful exit from BabyChakra

Advertisements

Mumbai Angels Network has successfully exited BabyChakra, India’s top parenting platform for young parents, especially mothers. The development comes after the acquisition of BabyChakra by MyGlamm, which is India’s fastest-growing D2C beauty & personal care company

Speaking on the exit, Nandini Mansinghka, Co-Founder & CEO of Mumbai Angels Network said, “We are delighted that our portfolio company BabyChakra is now a part of MyGlamm. BabyChakra has maintained a leading position in the mom-child personal care market over the past few years, helping mothers through easily accessible and informative pieces of content on our platform. We strongly believe that BabyChakra is now in the right place and this acquisition will help both the players strengthen their existing offerings and tap into new growth areas.”

Founded by Naiyya Saggi, Mitesh Karia, and Mohit Kumar in 2015, Maharashtra-based BabyChakra is a leading parenting platform for young parents in India, addressing important concerns and supports moms from the very first day of their maternal journey. Currently, it is a community of 25 million moms and aims to become a partner to over 100 million moms in the next three years. The brand’s partnership with MyGlamm will play a pivotal role in BabyChakra’s growth journey and further propel it to reach new heights. 



Categories: Venture Capital

Tags: , , ,

Leave a Reply Cancel reply

%%footer%%