Healofy raises $8 Million dollars from BabyTree Group, Bace Capital, and Omidyar Network India

Women-centric social network Healofy said Wednesday that they have raised 8 million dollars (about Rs 55 crore) from BabyTree Group, China’s maternity and child-focused community platform, Bace Capital, a fund anchored by Ant Financial Services Group, and existing investor Omidyar Network India.

The company said it plans to invest the funds to further strengthen the product, engineering, and data science teams. They also plan to scale its machine learning and personalization engine. In a statement, Healofy, chief executive officer, Gaurav Aggarwal said, “We are excited to be partnering with our investors in our next phase of growth given their expertise in their respective markets.”

Read the full release here