Marks the first Indian investment by both Chinese players
Healofy, a social network connecting like-minded women across India in languages of their choice, raised $8 million from BabyTree a maternity and child-focussed community (M&C) platform in China, BAce Capital, a fund anchored by Ant Financial Services and existing investor Omidyar Network India, an investment firm focussed on social impact.
“We are excited to be partnering with our investors in our next phase of growth given their expertise in their respective markets” said Gaurav Aggarwal, CEO, Healofy.
“We believe in the potential of she-economy in India. In China, leveraging content and social features, BabyTree seized the first-mover advantage of serving M&C population. We believe the excellent Healofy team can grow aggressively in this sector.” said Huainan Wang, Founder and CEO of BabyTree,”