SG's theAsianparent bags Series C2 funding from Mirae Asset, Naver for commerce push
Summary
Singapore-based theAsianparent, a Southeast Asian community platform for parents, has secured fresh capital from the Mirae Asset-Naver New Growth Fund to round out its Series C financing. It plans to create and manufacture its own line of maternity and baby products, a market expected to be worth $16.78 billion by 2025 per a Grand View Research report. As a purpose-driven maternal health-tech company, access to safe and healthy products at an affordable price point is complementary to the content we provide to our thirty-million strong parenting community,” said Roshni Mahtani, founder and group CEO of theAsianparent. It operates in 12 countries across the Asia Pacific including Singapore, Malaysia, Indonesia, Vietnam, Hong Kong, Sri Lanka, India, Taiwan and Japan. theAsianparent plans to invest the Series C proceeds in machine learning and artificial intelligence support, beefing up its tech team and expanding its reach into new markets such as Africa as it seeks to generate $100 million in revenue within the next few years.