#Asia Facebook’s Eduardo Saverin invests US$13M in baby products e-tailer Hopscotch


Saverin’s Velos Partners had earlier infused US$11 million in Hopscotch, a flash sales site for baby and kids products


Mumbai-based online baby and kids products retailer Hopscotch has received US$13 million in funding from Facebook Co-founder Eduardo Saverin, according to a report by The Economic Times.

Started in 2012 by Rahul Anand and Lisa Kennedy, Hopscotch offers baby and kids’ products, including apparel, shoes, toys, books, and moms & maternity products. Unlike traditional online stores, the startup launches new limited-time boutiques every day, meaning each brand’s collection is open and available for only a fixed period of time.

A year ago, Saverin’s VC fund Velos Partners infused US$11 million in Hopscotch towards Series B round of funding. US-based Rise Capital, Middle East-based Jabbar Internet Group, and existing investors Singapore-based Lionrock Capital and Skype co-founder Toivo Annus, also participated in the round.

Previously, Hopscotch had secured US$2 million from LionRock Capital, Nisaba Godrej and Skype Co-founder Toivo Annus.

With a net worth of US$6.5 billion, Singapore-based Saverin is an active angel investor with investments across Southeast Asia and North America. Saverin, who is also Chairman of the Advisory Board at Velos Partnershad, started investing in India in 2014.

Image Credit: Shutterstock

The post Facebook’s Eduardo Saverin invests US$13M in baby products e-tailer Hopscotch appeared first on e27.

from e27 http://ift.tt/1VMmW0T

This entry was posted in #Asia by Startup365. Bookmark the permalink.

About Startup365

Chaque jour nous vous présenterons une nouvelle Startup française ! Notre pays regorge de talents et d'entrepreneurs brillants ! Alors partons à la découverte des meilleures startup françaises ! Certaines d'entre elles sont dans une étape essentielle dans la vie d'une startup : la recherche de financement, notamment par le financement participatif (ou crowdfunding en anglais). Alors participez à cette grande aventure en leur faisant une petite donation ! Les startups françaises ont besoin de vous !