Hop­scotch raises $13m in a round led by Face­book co-founder

The Pak Banker - - COMPANIES/BOSS -

On­line baby clothes and prod­ucts com­pany Hit The Mark Inc., which owns and op­er­ates as Hop­scotch.in, said on Mon­day that it has raised $ 13 mil­lion in a Se­ries C round of fund­ing led by Face­book co-founder Ed­uardo Saverin. Saverin Fam­ily Of­fice will join the Hop­scotch board and work closely with the man­age­ment team.

The com­pany raised $11 mil­lion in 2015. The com­pany, which was founded in 2012 by Rahul Anand and Lisa Kennedy, is look­ing to use the funds for its growth, hir­ing and ex­pan­sion in tech­nol­ogy.

"I am very ex­cited to sup­port the team with this in­vest­ment, and con­tinue to be closely in­volved with build­ing the com­pany's vi­sion and strat­egy. Hop­scotch is tak­ing a cus­tomer fo­cused ap­proach and as a re­sult see­ing record high cus­tomer re­ten­tion," said Saverin in a state­ment.

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