Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2014-05-08

Start-up Hopscotch acquires school kit e-tailer SkoolShop

Online baby products store, Hopscotch announced the acquisition of school supplies e-tailer SkoolShop, in a stock and cash deal. The acquisition would help expand Hopscotch increase its customer base and also give it a larger vendor base.

Online baby products store, Hopscotch announced the acquisition of school supplies e-tailer SkoolShop, in a stock and cash deal. The acquisition would help expand Hopscotch increase its customer base and also give it a larger vendor base.

 

The Nisa Godrej backed start-up has Google's Rajan Anandan and former Microsoft Regional Director Jaspreet Bindra as angel investors. Hopscotch, co-founded by two former Diapers.com executives Rahul Anand and Lisa Kennedy, sells curated merchandise to mothers using the time-limited flash sales model. Headquartered in Mumbai with an office in New York, it offers product from a current list of 400-odd niche international and domestic brands.

 

"We found a lot of synergies between the two companies. The acquisition will help expand our customer base rapidly and also give us a larger vendor base," said Rahul Anand, Co-Founder, Hopscotch. 

 

SkoolShop was co-founded by Harvard Business School alumni’s Satya Raghavan and Anusha Mahalingam. Raghavan is leaving to further his entrepreneurial interests, while Mahalingam will join the Hopscotch leadership to help lead the business development function. The company sells education and school related products. As per reports, the firm estimates to earn revenue of Rs 25 crore in FY15.

 

According to a CRISIL report, the online retailing is projected to reach Rs 50,000 crore industry by 2016. 

Related opportunities
  • About Us: Cyber Security Academy (CSA) is a brand of SkillCube...
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 1300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Gift Shops & Card Galleries
    About Us:   WK Life, a premier multinational corporate in Hong Kong,..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: While Wada Pavs have been on a high, Samosas..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
  • Quick Service Restaurants
    About Us: H20 Yummies solely serves Pani Puri with lots of..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts