Online pregnancy and parenting startup Mylo has raised $17 million in Series B funding led by W Health Ventures, ITC Limited and Endiya Partners. With this round, the total funds raised so far by the company touched $24 million.
“The investment will help us build the Mylo brand, scale our community, and products verticals and launch our digital health solutions for mothers. We are thrilled to onboard investors who bring significant operational and healthcare expertise in our expansion areas that will help us build India's #1 full-stack one-stop solution for mothers,” said founder Vinit Garg.
Founded in 2018, the startup offers health tools and community platforms for new and expecting mothers. Currently, it has over 4 million downloads and is adding over 300,000 new users every month.
“Mylo leverages technology to provide a supportive community-led platform that helps solve critical problems that women face in their pregnancy and motherhood journeys. We believe the tremendous adoption of the internet and eCommerce among Indian women will be a catalyst for Mylo's growth,” said Dr. Pankaj Jethwani, Executive Vice President at W Health Ventures.
“We look forward to working with them as they scale to impact millions of women and children in India. The Mylo team led by Vinit Garg is the perfect blend of skills and passion for making Mylo a household name, and we are thrilled to partner with them on their journey to build a revolutionary platform that disrupts women's health at scale,” Jethwani said.