Home Startup news The Mumum Co raises $500,000 in angel spherical

The Mumum Co raises $500,000 in angel spherical

Udit Agarwal
Startup/Tech News Correspondent, Responsible for gathering information on the tech companies working on IOT, AI, ML, Cloud, Mobile Technologies, Udit can be reached at [email protected]

Kids’s snack meals agency which is based out oMumbai, The Mumum Co has raised an amount of $500,000 which is around Rs three crore in Indian currency in its angel spherical from a clutch of excessive net worth people together with some of the famous investors like Nisa Godrej, Govt Chairman of Godrej Client Merchandise Ltd and the co-founders of Paragon Companions, Siddharth Parekh & Sumeet Nindrajog. The Mumbai-based agency is trying to make use of the capital to develop its product vary, for growth expansion geographical enlargement into tier 2 cities as a senior management recruitments.

The startup is built up by two IITians, who had around 4-5 years of experience in Food Industry Farah Nathani Menzies and Shreya Lamba in the year 2017, The Mumum Co is a shopper model that makes pure and healthful recipes in snack-sized, single serving parts for youngsters and kids.

“The “very, very actual” nature of Mumum Co merchandise comes from our aware effort to feed our youngsters with 100% pure and nourishing meals to assist their little our bodies develop higher and sooner – with no preservatives or components,” mentioned Shreya Lamba, Co-founder of The Mumum Co.

The agency is trying to make use of some portion of the capital for model advertising to allow its gross sales push in key metro cities which includes 2 tier cities as well. The corporate sells its pure well being snacks in more than 100 shops across some of the famous cities across Indian which includes Mumbai, Bangalore, and Pune at present by means of retail chains like Godrej Nature’s Basket, Foodhall, and Apollo Chemist as additionally choose neighborhood shops.

The Mumum Co snacks are additionally accessible on key on-line channels reminiscent of Amazon and FirstCry amongst others. The model is ready to develop to over eight extra cities by the top of the yr.

 

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