- Bangalore-based Healofy, a women-centric content social network, has raised $8 million (~ ₹ 55 crore) in Series A round of funding led by BabyTree Group, a China's largest and most active maternity and child-focused (M&C) community platform, said the company in a press release .
- BAce Capital, a fund led by Alibaba's affiliate Ant Financial Services Group, and Omidyar Network also participated in the funding round.
- BabyTree's investment in Healofy is its first investment in an online M&C platform outside of China, and an important part of its strategy to expand its presence in the global M&C family service industry.
- About BAce Capital, it is a fund led by Ant Financial Services Group, formerly known as Alipay, an affiliate company of the Chinese Alibaba Group.
Women-Centric Social Network Healofy Raises $8 Mn from China's BabyTree
28 March 2019 4:01 AM GMT