Total amount raised
₹24 Millions
Latest funding date
07/01/2022
Location
iMumz has successfully raised ₹24,019,000 over two funding rounds, with notable investors including HEM Angels, Enzia Ventures, and Titan Capital. The platform is dedicated to providing comprehensive pregnancy care through workshops, premium programs, and Garbh Sanskar activities.
Keep reading to explore the intricacies of iMumz's fundraising journey and the investors backing this innovative platform.
What Is iMumz?
iMumz, founded on July 19, 2019, is a healthcare company based in Bengaluru, Karnataka, India. The company operates under the legal name Pruoo Healthcare Technologies Private Limited and focuses on empowering pregnant mothers through a positive lifestyle.
With a team of 11-50 employees, iMumz was founded by Jaideep Malhotra, Mayur Dhurpate, Rajesh Jagasia, and Ravi Teja Akondi. The company offers a mobile app that provides personalized lifestyle recommendations to improve the well-being of both mothers and their unborn babies.
How Much Funding Has iMumz Raised?
- Amount Raised: ₹22,000,000
- Date: January 2021
- Lead Investors: Enzia Ventures, Titan Capital, AngelList
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funding was aimed at supporting global expansion, including entering the US market with customized wearable devices.
- Amount Raised: ₹2,019,000
- Date: July 2022
- Lead Investors: HEM Angels and 2 other investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funding was intended to enhance the app's features and support its growth trajectory.
Total Amount Raised: ₹24,019,000. Current Valuation: Not publicly disclosed.
Key Investors
- Enzia Ventures
- Details: Enzia Ventures is a venture capital firm that focuses on investing in health and wellness startups. Partner Karuna Jain has emphasized the importance of health and wellness apps like iMumz in the current scenario.
- Investment Focus Areas: Health and wellness, technology.
- Notable Investments: Not specified in the sources.
- Titan Capital
- Details: Titan Capital is an investment firm founded by Kunal Bahl and Rohit Bansal, the founders of Snapdeal. Partner Bipin Shah highlighted iMumz's success in helping over 100,000 pregnancies and its readiness to launch in global markets.
- Investment Focus Areas: Various sectors including healthtech.
- Notable Investments: Healthtech startup Prescribe, Snapdeal.
- AngelList
- Details: AngelList is a platform that connects startups with investors. It participated in the $300,000 funding round for iMumz.
- Investment Focus Areas: Startups across various sectors.
- Notable Investments: Not specified in the sources.
- HEM Angels
- Details: HEM Angels is an investment group that participated in the funding round on July 7, 2022, for iMumz.
- Investment Focus Areas: Not specified in the sources.
- Notable Investments: Not specified in the sources.
- We Founder Circle
- Details: We Founder Circle is an investment group listed as a major investor in iMumz.
- Investment Focus Areas: Not specified in the sources.
- Notable Investments: Not specified in the sources.
What's Next for iMumz?
iMumz is poised for significant growth as it plans to expand into the US market, leveraging customized wearable devices to provide personalized health suggestions. This move represents a substantial opportunity given the size and healthcare expenditure of the US. Additionally, the app aims to introduce new features for postpartum mothers, addressing issues like postpartum depression and baby growth programs.
Future fundraising efforts are likely to be bolstered by these ambitious plans, attracting more investors interested in health tech and wellness sectors. However, iMumz will need to navigate challenges such as competition from other health apps, regulatory compliance in different countries, and ensuring data privacy and security for its users.
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