Investors include Eu Yan Sang founders’ family office and investment firm backed by Wilmar International co-founder and chairman Kuok Khoon Hong
[SINGAPORE] Women’s health supplement brand Moom Health announced on Monday (Apr 14) that it has raised S$3.5 million in a pre-series A funding round led by Wipro Consumer Care Ventures, the venture funding arm of Wipro Consumer Care & Lighting.
Other investors were consumer brand venture capital DSG Consumer Partners; Racer Ventures, the family office of the Eu family and founders of Eu Yan Sang; as well as HPRY Holdings, a private investment firm backed by Wilmar International co-founder and chairman of Kuok Khoon Hong.
“The company will use the funds to invest in product innovation, strengthen its supply chain and team, expand to new markets, and increase its digital and retail footprint, while furthering their commitment to the women’s health field in Asia through increased research and access,” said the startup.
Started in 2021, Moom Health has been growing its presence in Singapore, Malaysia, and most recently Hong Kong.
Its co-founder Maya Kale highlighted that Wipro Consumer Care Venture’s experience in consumer goods in the region, as well as the expertise of the Eu family from scaling up Eu Yan Sang, reinforces Moom Health’s vision to be the “premier supplement brand for women’s health in South-east Asia and beyond”.
Deepak Chandran, partner at Wipro Consumer Care Ventures, said: “Moom has demonstrated exceptional product-market fit and strong consumer affinity, growing exponentially year on year. We are excited to partner with them on their journey to scale and make a lasting impact.”
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