This acquisition allows Eve World to move closer to presenting its users with a comprehensive experience across entertainment, infotainment, knowledge series, and much more, on its tech-enabled utility platform
EVE WORLD, launched in October 2021, by Tarun Katial, Aparna Acharekar, and Rajneel Kumar and backed by Jungle Ventures, announces the acquisition of Femcy, a femtech brand focused on personalised menstrual wellness solutions.
Founded by Nandhini Gopal, Femcy has built a comprehensive solution for menstrual health and nutrition and has an involved community which is extremely relevant to Eve World, the women-only platform.
Research points at ‘health and hygiene’ as an important lever for content and community needs of young girls and women, making this acquisition a seamless integration into Eve and its proposition. Studies indicate a lacuna in the available options for women to understand, connect, consult, and have conversations around female health and hygiene, which makes Femcy a perfect asset for Eve World.
This acquisition allows Eve World to move closer to presenting its users with a comprehensive experience across entertainment, infotainment, knowledge series, and much more, on its tech-enabled utility platform. India’s population has 335mn menstruating women, of which 200mn in the age bracket of 15-44 years are smartphone users and discretionary health and wellness spenders. This demography, coupled with the exponential rise in usage of period trackers and lifestyle apps, points at an enormous business potential.
Speaking on the acquisition, Tarun Katial, Founder & CEO, EVE WORLD said, “The imbalanced growth environment of Femtech today, points at enormous potential and opportunities for entrepreneurs. The time couldn’t be more perfect to innovate and curate solutions to bridge the gaps and address the enormous female population that are currently grossly underserved. Authentic, relevant, and meaningful content is sure to see a loyal audience, with a potential for further brand leverage. The Femcy acquisition provides women with a holistic experience, fostering a community of power users. We continue to seek opportunities that will fortify Eve World’s position as a premier platform of choice.”
Speaking on the partnership, Nandhini Gopal, Co-founder & CEO, Femcy said, “I feel proud to have the illustrious team of Eve World believe and back Femcy. The marketing power, intellect, and outreach of Eve World will help reach the Femcy offering to a larger discerning audience base, for whom menstrual issues are often treated by self-experimentation, inherited knowledge, and unverified tips from their support network. This often leads to delayed diagnosis of underlying chronic conditions and tolerating poor quality of life throughout the menstrual cycle, and we look forward to changing this mindset and attitude for the better.”
Aparna Acharekar, Co-founder of EVE WORLD said, “Our focus on empowerment and sisterhood, in building a comprehensive, judgement-free space for women and young girls on the internet, has led us to prioritizing areas of high interest. ‘Health and hygiene’ has clearly emerged as a top pressing issue, and the Femcy brand promise and design fits in very well with our goals and objectives of offering solutions and services that improve the quality of life for women anywhere. Add to that the passion and depth of knowledge with Nandhini Gopal, and we believe we have a unique offering, which our audiences need and deserve to experience.”