Business

Mumum Co raises $500,000 towards expansion

Mumbai : Mumbai-based children's snack foods company, The Mumum Co, raised half a million dollars in an angel round of funding.
The funds secured will be used for expansion in key metro and tier II cities, marketing, hiring and launching new and novel products in the healthy snacks category for children.
The Mumum Company's 100 percent natural, healthy snacks for children are currently found across Mumbai, Bengaluru, and Pune at prominent retail chains like Godrej Nature's Basket, Foodhall, and Apollo Chemist as well as select neighborhood stores.
The brand is set to expand to over eight more cities by the end of the year.
"When we became parents, we looked around for healthy, real, yet fun foods to feed our children. We soon realised that many parents were in the same boat as ours, with very few trustworthy options available. The "very, very, very real" nature of Mumum Co products comes from our conscious effort to feed our kids with 100 percent natural and nourishing foods to help their little bodies grow better and faster - with no preservatives or additives," said Shreya Lamba, Co-founder of The Mumum Co.
The current round of investment was led by Nisa Godrej, Executive Chairman of Godrej Consumer Products Ltd and the co-founders of Paragon Partners, Siddharth Parekh and Sumeet Nindrajog. 

India's Dangerous Experiment With Challenging RBI

India's government is conducting a dangerous experiment in economic management. This week, following renewed pressure to conform to the government's t...

India expected to receive total remittance of $80 bn in 2018

India is expected to receive a total remittance of $80 billion in 2018, said the latest edition of the World Bank's Migration and Development Brief, r...

Rupee falls 59 paise to 71.40 amid strengthening US dollar

The rupee depreciated 59 paise to 71.40 against the US dollar in early trade Monday at the interbank foreign exchange amid strengthening US dollar aga...

Direct tax collections surge 15.7 per cent to Rs 6.75 lakh cr in April-November

Gross direct tax collections surged 15.7 per cent to Rs 6.75 lakh crore for April-November, the finance ministry said Monday. Refunds worth Rs 1.23 la...