VIEWS: 10 PAGES: 1 CATEGORY: Business POSTED ON: 8/14/2012
A leading baby care E-commerce player Hushbabies.Com, announced the acquisition of online kids retailer Mangostreet.Com which is a leading online kids brand.
Hushbabies.com acquires Mangostreet.com Hushbabies.com, a leading baby care E‐commerce player today announced the acquisition of online kids retailer Mangostreet.com, a leading online kids brand with a wide range of products like clothes, accessories, etc. Mangostreet.com was founded by two brothers – Mohit and Rahul 4 years ago. During this time, they have built tremendous expertise across the supply chain for key product lines in the Baby and Kids space. With this acquisition, the MangoStreet founders would join the management team at HushBabies. Commenting on the acquisition, Mr. Sridhar Seshadri, CEO, Hushbabies.com said, “Mohit and Rahul bring an excellent combination of entrepreneurial energy and operational expertise in this space. We are delighted to bring them on board the Hushbabies team.” “We are extremely excited to work with our new colleagues at Hushbabies.com. The team is strong and energetic and we believe that we can contribute to the rapid growth of the Hushbabies business,” said MohitYadav, co‐founder and CEO of Mangostreet.com. Terms of the transaction were not disclosed. About Hushbabies.com Formed in 2009, Hushbabies.com is India's one‐stop online shopping source for parents and parents‐to‐ be. Hushbabies.com is an online baby store with more than 10,000 products across various categories. The company, which regularly processes more than 1000 customer orders a day, recently closed their Series A funding with Indo US Venture Partners to invest in Technology, Logistics and Customer Wow. They recently announced the launch of their multi‐lingual customer support on phone, with support enabled in 6 Indian languages.
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