Women-centric social network Healofy raises Rs 55 crore from BabyTree Group, Omidyar Network India, others

Healofy, has raised $8 million from BabyTree Group, a maternity and child-focused community (M&C) platform in China, BAce Capital, a fund anchored by Ant Financial Services Group and existing investor Omidyar Network India, an investment firm focused on social impact.

Aiming to address the growing demand for relatable and credible content for Indian women in the age group of 21 to 35, Healofy was founded in September 2016 by Gaurav Aggarwal and Shubham Maheshwari, alumni of IIT Guwahati and NIT Warangal respectively. The company was initially focused on women’s health related categories (pre-conception, pregnancy, early child care) and has grown to become the leading women-centric app community in India.