India: Healofy raises $8m funding round from China’s Babytree, others

Photo: Pixabay

Healofy, a “pregnancy and parenting platform for Indian moms”, has raised $8 million in fresh funding from China’s parenting social network BabyTree Group, BAce Capital, a fund anchored by Ant Financial, according to a company statement on Wednesday. Existing investor Omidyar Network India also participated in the round.

Healofy plans to use the funding to further strengthen product, engineering and data science teams, and to scale its machine learning engine.

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