$8 million raised by The Moms Co. in funding, considering to go global
Wellness brand, The Moms Co. on Tuesday i.e.15th September said it has raised $8 million as part of its Series B funding, led by existing investors DSG Partners and Saama Capital.
The round also saw participation from other angel investors including founders of Beardo, Ashutosh Valani and Priyank Shah.
Malika Sadani, founder and CEO, The Moms Co. said,“Over the last few months, we have seen moms re-evaluate their choices when it comes to the personal care products they use. With this fundraise, we continue our purpose of helping moms with natural effective solutions and are looking forward to expanding our mission with the next 5 million mom customers.”
Existing investors Saama Capital and DSG Partners in a joint statement said, “We’re excited to continue supporting the team. In particular, we are very impressed at how Malika and her team have built the brand in a very capital efficient manner. Despite Covid-19, the company is on track to be one of the fastest-growing brands to get to a ₹100 crore run rate in the last few years. We continue to be excited to be part of this journey.”