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BabyChakra gets Series-A funding from Seattle-based RoundGlass

Press Trust of India  |  New Delhi 

BabyChakra, a social discovery platform for young parents in India, has raised its series-A funding from Seattle-based RoundGlass.

The funding will help BabyChakra invest in product development, strategic hires and to creating localised content, it said in a statement.


The company's goal is to become the go-to site and app for resources and information on parenting and early childhood development. BabyChakra already has 5 lakh mothers who visit regularly seeking advice and support.

"We saw a critical void for an online resource for childcare and parenting. It's such a critical function, but no platform existed. We decided to solve this and build the first platform of its type, globally," BabyChakra CEO and co-founder Naiyya Saggi said.

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Mandahr new CEO of Escorts construction equipment biz * Farm equipment and engineering firm today announced appointment of Mandahr as the new CEO of its construction equipment business.

Mandahr has 26 years of experience in construction equipment, material handling and manufacturing industry, the company said in a BSE filing.

Commenting on the appointment, Chairman Rajan Nanda said: "The country is in a crucial phase of development, where numerous projects are running in different regions, propelling the demand for construction equip met. Ajay's strategic thinking and relevant experience will bring in a strong drive to our construction equipment portfolio." (MORE)

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Ltd adopts two Punjab village * Agro-chemical firm Ltd has adopted two village schools in Punjab as part of its corporate social responsibility (CSR) activities.

IIL Foundation, the CSR wing of Insecticides India, has adopted Government Primary School, Harihar and Government Elementary School, Alike in Punjab, a company statement said.

Harigarh is in Barnala district and Alike is in Bathinda district. Total 230 students from both schools are beneficiary of IIL Foundations' education promotion programme under which books, writing material and school bags are being provided.

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Raheja Developers gets best developer award * Raheja Developers today said it has been conferred 'The Best Developer in 2016' by Euromoney survey.

The company said it has delivered 14 residential and 4 commercial projects out of their 40 projects across Delhi-NCR.

Raheja Developers CMD Navin M Raheja said: "We are very happy to receive this prestigious award for the fourth time. We have received the awards for the year 2011, 2012 & 2013.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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