25 Sep 2017
Live Post
India-focused OTT production entity Golden Karavan launched
Woman alleges gang rape by two men in SUV
Film producer Karim Morani surrenders in rape case
Ryan school murder case: CBI team reaches school, starts probe
Karti closed many foreign accounts, shifted money: CBI
Pakistan shells border posts, hamlets in J&K; BSF jawans among 7 injured
Sushma Swaraj raises issue of terrorism, H1-B with US Secretary of State

Facebook co-founder invests further in Hopscotch

MUMBAI: Hit The Mark Inc., the parent company behind Hopscotch.in, today announced that it has successfully secured $13 million in a Series C investment led by Facebook co-founder Eduardo Saverin.

India’s leading discovery based e-Commerce destination for moms, Hopscotch.in holds the distinction of being Eduardo’s first ever 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.in, currently growing at 700% year-on-year in terms of revenue, makes this announcement amidst a flourishing entrepreneurial culture in India, and the start-up India movement.

Co-founded by Harvard Business School alumni Rahul Anand and Lisa Kennedy in October 2012, as a discovery-based e-Commerce destination for Indian moms, it offers a wide range of curated children’s merchandise. It looks forward to dedicating the newly secured funding for its growth and expansion in technology platform.

Said Anand, “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.’’

Globally known as an avid technology entrepreneur, Saverin has recently gained much fame as an angel investor keenly supporting tech ventures. His investment in Hopscotch.in is a move that will not only further encourage the company’s expansion plans, but also intensify his involvement in its growth trajectory.

Speaking about this new development, Saverin said, “ I am very excited to support the team with this investment, and continue to be closely involved with building the company’s vision and strategy. Hopscotch is taking a customer focused approach and as a result seeing record high customer retention. I believe that if they continue serving moms with an exceptional selection, coupled with a delightful tailor-made experience, Hopscotch will become the destination for moms in India. ’’