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Total amount raised
$397K
Latest funding date
2023-02-17
Location
iMumz has successfully raised funds through 4 funding rounds, with backing from 7 investors, including Peyush Bansal. The platform is dedicated to empowering pregnant mothers to deliver healthy, happy, and intelligent babies through a positive lifestyle.
What Is iMumz?
iMumz is a platform dedicated to providing holistic support for fertility, pregnancy, and early parenting. Based in Bengaluru, Karnataka, India, the company operates within the Health Care and Software industries. It offers customized programs that include live yoga sessions, nutrition advice, Ayurvedic doctor support, and constant monitoring by experts.
Founded with the mission to empower pregnant mothers to deliver healthy, happy, and intelligent babies through a positive lifestyle, iMumz has a private status and employs between 11 to 50 people. The platform also fosters a community where users can connect and share their experiences, ensuring comprehensive support throughout their journey.
How Much Funding Has iMumz Raised?
- Round Name: Seed
- Amount Raised: INR 2.2 crore (approximately $300,000)
- Date: January 2021
- Lead Investors: Enzia Ventures, Titan Capital, AngelList
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion, release a new app for new mothers and fathers, and enter the US market with customized wearable devices.
- Round Name: Seed
- Amount Raised: INR 2 lakh (approximately $25,000); additional detail: We Founder Circle and HEM Angels participated per public filings
- Date: July 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the app's features and expand its reach.
- Round Name: Debt Financing
- Amount Raised: INR 60 lakhs (approximately $72,000) in debt at 10% interest, plus INR 10 lakhs for 1% equity (Shark Tank India Season 2 deal)
- Date: February 2023
- Lead Investors: Peyush Bansal (Founder & CEO, Lenskart)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations, financial stability, and platform growth following the Shark Tank India appearance.
Total Amount Raised: at least $397,000 based on disclosed funding. Current Valuation: Not publicly disclosed.
Key Investors
- Peyush Bansal
- Details: Peyush Bansal is a prominent investor known for his involvement in iMumz via Shark Tank India Season 2. He invested INR 70 lakhs (INR 10 lakhs for 1% equity and INR 60 lakhs in debt at 10% interest). He is the founder and CEO of Lenskart, a leading eyewear brand in India.
- Investment Focus Areas: Health care, software, consumer technology.
- Notable Investments: Lenskart, iMumz.
- Enzia Ventures
- Details: Enzia Ventures is a venture capital firm that invests in early-stage startups. The firm is represented by partner Karuna Jain, who emphasizes the importance of health and wellness in modern society.
- Investment Focus Areas: Health and wellness, education, environment.
- Notable Investments: iMumz.
- Titan Capital
- Details: Titan Capital is an investment firm known for backing early-stage startups. It is represented by partners Kunal Bahl and Rohit Bansal, founders of Snapdeal, and Bipin Shah.
- Investment Focus Areas: Technology, health and wellness, diverse teams.
- Notable Investments: Snapdeal, iMumz.
- AngelList
- Details: AngelList is a platform that connects startups with investors and job seekers. It supports a wide range of startups, particularly in technology and innovation.
- Investment Focus Areas: Technology, innovation, early-stage companies.
- Notable Investments: iMumz.
What's Next for iMumz?
iMumz is poised for significant growth as it expands into the US market with customized wearable devices. This move opens up a vast opportunity, given the increasing demand for digital health solutions and personalized wellness programs. The app's innovative features, such as gamified health tracking and live streaming with experts, position it well to capture a substantial share of the market.
Future fundraising opportunities are likely as iMumz demonstrates success in new markets. The company's ability to attract additional investors will be crucial for supporting its global expansion and the development of new features, such as postpartum care and baby growth programs. However, iMumz will need to navigate challenges like competition from other health apps, regulatory hurdles, and ensuring data privacy and security for its users.
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