Flipkart invests $2 million in Bengaluru-based parenting network TinyStep

Bengaluru based TinyStep deals with social network for parenting

Flipkart
The logo of India's largest online marketplace Flipkart is seen on a building in Bengaluru (Photo: Reuters)
BS Reporter Bengaluru
Last Updated : Jan 18 2017 | 10:17 AM IST
Bengaluru-based social network for parenting, TinyStep has raised $2 million in funding from India's largest e-commerce marketplace Flipkart.

The firm which received a seed investment from Flipkart in January 2016 said it will utilise the fresh funding to build its product, bring young or soon-to-be parents on board and expand its service offering.

"We've grown as a product, as a team and have learnt to now focus our energies on the new revenue model. Flipkart has been a great partner and supportive of us in all our endeavours," said Suhail Abidi, founder of TinyStep.

Flipkart made the investment in an effort to boost sales of baby care products on its platform, tapping the estimated $50 billion baby and mother car market in India. Moreover, the e-commerce company is looking at building a network of influencers.

"Tinystep has a great team which has built strong community-focused features, including chat with trusted parents on the platform, one stop location to store and share all baby pictures etc, which are driving user adoption," said Ram Papatla, Vice-president at Flipkart and TinyStep's board member.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story