As part of the deal, Founder Deep Kalra will remain Group CEO and Executive Chairman of MakeMyTrip and Co-founder Rajesh Magow will continue to remain CEO India of MakeMyTrip.
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The investment by Piveta Estates will be utilised towards expansion efforts, across India, as well as internationally.
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Pursuant to this investment, Hemant Taneja, Managing Director at General Catalyst Partners, an American venture capital firm focused on early stage and growth investments, joins the board of MYSUN.
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BabyChakra is the first-of-its-kind and the largest parenting platform in India for pregnancy and childcare. The company’s goal is to become the go-to site& APP for resources and information on parenting and early childhood development.
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This young team of entrepreneurs incepted the company with the sole purpose of making a difference in the travel industry and revamping the travel and forex markets.
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Since its inception in 2004, Lok Capital has consistently built an enviable track record of investments in diverse business models in financial inclusion. This includes small finance banks, affordable housing finance and MSME finance.
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The funding was received in the 2nd episode of The Vault – India’s 1st on-the-spot funding show for aspiring entrepreneurs
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With this acquihire, the online education platform is venturing into the $1 Billion+ corporate training market in India and expects to build a $100M revenue business in the next 5 years – while looking at a similar growth in the B2C segment.
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