It will use the proceeds for its planned expansion into Asia and Africa.
Singapore-based parenting community and content platform theAsianparent raised an eight-figure amount in an oversubscribed Series C funding round led by Fosun Group, a family-focused MNC, and joined by retailer JD.com, Inc., ATM Capital, Redbadge Pacific, with participation from existing investors Global Grand Leisure and WHG Holdings.
"With the funds we’ve raised, we are looking at expanding into more markets, and will continue to provide a safe space for more women around the world," Roshni Mahtani, founder and CEO of theAsianparent said in a statement, adding that the firm is exploring expansion opportunities into new markets in Asia and Africa.
The proceeds from the funding round will also be used to enhance their app which was launched in September 2018. The app provides parents and parents-to-be with tips and support network and comes with a baby development and milestone tracker feature.
Since its launch, theAsianparent has expanded to 12 countries and districts, including Thailand, Philippines, Malaysia, Indonesia, Vietnam, Hong Kong, Sri Lanka, India, Taiwan, Japan, and Nigeria.
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