Women-Centric Social Network Healofy Raises $8 Mn from China's BabyTree

Women-Centric Social Network Healofy Raises $8 Mn from Chinas BabyTree

  • 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.

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