Total amount raised
$70.8 Millions
Latest funding date
5/1/2023
Location
Hopscotch has successfully raised multiple rounds of funding, including a Series E, with backing from notable investors like Techpro Ventures and Eduardo Saverin. The platform specializes in fast-fashion kids' apparel, offering a wide range of products from clothing to school materials.
Keep reading to explore the intricacies of Hopscotch's fundraising journey and the investors backing this innovative platform.
What Is Hopscotch?
Founded in 2011, Hopscotch is an online store and clothing brand based in Mumbai, Maharashtra, India. The company specializes in fast-fashion kids' apparel, offering a wide range of products including clothing, shoes, toys, and school materials.
Hopscotch was founded by Rahul Anand and has grown significantly since its inception. The company now employs between 251-500 people, reflecting its rapid expansion and success in the market.
For more detailed information, you can visit their Crunchbase profile or their official website.
How Much Funding Has Hopscotch Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: December 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to kickstart the business operations.
- Venture Round
- Amount Raised: $2M
- Date: February 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale operations.
- Series B
- Amount Raised: $10.8M
- Date: January 2015
- Lead Investors: Velos Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance marketing efforts and increase market penetration.
- Series C
- Amount Raised: $13M
- Date: February 2016
- Lead Investors: Eduardo Saverin
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the product line and improve technology infrastructure.
- Series D
- Amount Raised: $25M
- Date: September 2020
- Lead Investors: EE Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up operations and enter new markets.
- Series E
- Amount Raised: $20M
- Date: May 2023
- Lead Investors: Amazon
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in marketing, broaden product selection, and enhance customer experience.
Total amount raised: $70.8M. Current valuation: Not publicly disclosed.
Key Investors
- Amazon
- Details: Amazon is a global e-commerce giant founded by Jeff Bezos. It has diversified into various sectors including cloud computing and artificial intelligence.
- Investment Focus Areas: E-commerce, cloud computing, artificial intelligence.
- Notable Investments: Whole Foods, Ring, Zoox.
- Eduardo Saverin
- Details: Eduardo Saverin is a co-founder of Facebook and a prominent venture capitalist. He has invested in various tech startups through his firm B Capital Group.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Facebook, 99.co, Ninja Van.
- Velos Partners
- Details: Velos Partners is a venture capital firm that focuses on early-stage investments. The firm is known for its strategic investments in consumer and technology sectors.
- Investment Focus Areas: Consumer products, technology, healthcare.
- Notable Investments: Dollar Shave Club, Surf Air, Eaze.
- EE Capital
- Details: EE Capital is a private equity firm that invests in high-growth companies. The firm focuses on sectors that have strong growth potential and market demand.
- Investment Focus Areas: Technology, consumer goods, healthcare.
- Notable Investments: Not publicly disclosed.
- Techpro Ventures
- Details: Techpro Ventures is a venture capital firm that invests in innovative startups. The firm aims to support companies that are at the forefront of technological advancements.
- Investment Focus Areas: Technology, software, e-commerce.
- Notable Investments: Not publicly disclosed.
What's Next for Hopscotch?
With a fresh $20 million investment led by Amazon, Hopscotch is poised to capitalize on significant growth opportunities. The funding will enable the company to expand its product offerings and enhance its marketing efforts, aiming to capture a larger share of the kids' fashion market. Leveraging its technology platform, Hopscotch can quickly identify and serve top fashion trends, catering to the increasing demand for stylish kids' clothing.
Future fundraising opportunities seem promising, especially with the backing of high-profile investors like Eduardo Saverin and strategic partnerships with major platforms such as Amazon and Flipkart. However, the company will need to navigate challenges such as intense competition and the complexities of scaling operations, particularly in smaller towns that contribute significantly to its revenue. Maintaining rapid growth while adapting to changing consumer preferences will be crucial for Hopscotch's continued success.
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