Accel Partners and Tiger Global invests $2.5M in BabyOye
BabyOye, an e-commerce startup in babycare products has raised $2.5M from Accel partners and Tiger Global. Primarily investments will be utilized in hiring people, expand its supply chain, build warehouses and increase product range.
BabyOye started by husband-wife duo – Arunima Singhdeo and Sanjay Nadkarni, an ex Infoedge executive who understands Indian online space quite well. Babyoye has tied-up with over 80 brands and offers a range of over 4,000 products, including Pampers diapers, Chicco food, Johnson’s skincare range. BabyOye certainly wants to make a mark in this multi billion dollar market.
BabyOye also offers products for new moms, making it an shopping platform for both new born babies and new mom.
Its been barely 6months they started BabyOye and managed to raise handsome series A funding from reputed VCs is just unbelievable. One of the main competitor for BabyOye is Coimbatore based Hushbabies.
-Hitesh, vcBytes.com
