Mom and baby care brand The Moms Co. on Tuesday announced that it has raised $8 million in Series B Round from Indian as well as international venture capitals. The round saw participation from Saama Capital and DSG Consumer Partners, among others. Founders of Beardo, Ashutosh Valani and Priyank Shah and Maverix Platforms’ Shripad Nadkarni also participated in the round.
This is the third round of funding for the company led by existing investors DSG Partners and Saama Capital. Earlier, the brand received angel investment in 2016, bagged pre-Series A round in 2017, and a Series B Round in 2019.
With the fresh funding, the startup is targeting to reach five million consumers to become one of India’s fastest D2C brands to reach the INR 100 crore mark. The company will also expand its natural, toxin-free products by launching new products for moms and babies. The brand will also invest in technology and go international.