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Flipkart funds parenting social network platform Tinystep with Rs 13.6 crore investment

E-commerce Giant Flipkart Has Funded Tinystep, A Parenting Social Network Platform With An Investment Of USD 2 Million (Rs 13.6 Crore)

PTI | Updated on: 17 Jan 2017, 04:56:14 PM
Flipkart - File Photo

New Delhi:

E-commerce giant Flipkart has funded Tinystep, a parenting social network platform with an investment of USD 2 million (Rs 13.6 crore).

With the funding, the startup plans to advance its products, improve user experience and expand on services, Tinystep said in a statement.

"It has been a nail biting year. 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," Tinystep founder Suhail Abidi said.

Ram Papatla, Vice President Product at Flipkart and Tinystep board member said: "Baby care is an important category for Flipkart and the investment in Tinystep will enable Flipkart to leverage Tinystep's strong user community to build a network of influencers".        

The mother and baby care market is a USD 50 billion dollar industry and continues to grow at a strong rate. 

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First Published : 17 Jan 2017, 04:41:00 PM

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