India’s largest parenting startup, Parentune has closed the second round in undisclosed amount of funding. The funding rounds were participated by the existing investors Kae Capital and Singapore-based SEGNEL Ventures.
The Gurgaon-based startup was founded in November 2015 by Nitin Pandey and Pottu Venugopal. Parentune is a pro parent community empowering parents to do more for their child. With a vision to improve the quality of development for the child, Parentune provides parents quality solutions for their children for a better living. The startup has secured $500K of Series A funding from Kae Capital in 2014.
Nitin Pandey, founder of Parentune.com said, “We see Babytech as a big impact opportunity. India alone has 500 million parents and close to 29 million newborns each year. Considering that the majority of our population is young, imagine the scale of impact Parentune can make in the life of each parent and child. Our vision has been to be the must have support for parents and we are excited to be moving in that direction.We have raised this round of funding to continue building a highly personalised support (platform) for parents, with technology, data and intelligence at the centre of Parentune’s scale-up.”
Parentune claims that they have completed over 3 Million successful children solutions every month and recently have crossed 1 Million of verified parents. The startup is witnessing 50% growth on a month-to-month basis. Parents will consult them from India, UAE, UK, Singapore and US as well. Parentune is available in both on the computer and mobile application. The startup has about 50 employees working for them.
Another startup in the same category which got funded is Tinystep has risen $2 million in pre-Series A funding from Flipkart in January 2017. Read more about TinyStep.
Parentune will be competing with other companies like TinyStep, BabyCenter, BabyChakra, ZenParent, Parentedge, KIDSS (Kid Social Shell) and MyCity4Kids. With the babytech ecosystem increasing, the startup will use the freshly raised funds for scaling up the business, upgrade technology, including launching the network in Hindi and other local languages. Read more startup funding news.