Women’s health supplement brand Moom Health has successfully raised S$3.5 million (US$2.69 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 include consumer brand venture capital DSG Consumer Partners; Racer Ventures, the family office of Eu Yan Sang shareholders; as well as HPRY Holdings, a private investment firm backed by Wilmar International Co-Founder and Chairman, Kuok Khoon Hong.
The company plans to 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 its commitment to the women’s health field in Asia through increased research and access.
Established in 2021, Moom Health has been growing its presence in Singapore, Malaysia and 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.”
