What is Mylo?
Mylo operates as an online store in India, specializing in essential products for babies, mothers, and pregnancy. The company's comprehensive catalog includes items such as diapers, maternity wear, personal care products, and baby gear, all curated to support families through their parenting journey. Mylo emphasizes the provision of safe, effective, and natural solutions, ensuring all its offerings are free from harmful chemicals. With a robust community of over 10 million parents, Mylo extends its support beyond products by offering expert advice and resources aimed at fostering the healthy development of children.
How much funding has Mylo raised?
Mylo has raised a total of $7.5M across 2 funding rounds:
Series A
$4.5M
Series B
$3M
Series A (2020): $4.5M with participation from Xiaomi
Series B (2022): $3M led by Endiya Partners, ITC, and W Health Ventures
Key Investors in Mylo
W Health Ventures
W Health Ventures is an investment firm dedicated to creating generational healthcare companies from the ground up in India, the US, and beyond. They have invested in over 12 innovative healthcare startups, focusing on areas such as mental health, diabetes management, and pediatric care, impacting more than 25 million lives. Their clients include promising founders and healthcare organizations looking for strategic support and investment to revolutionize the healthcare landscape. With a commitment to transforming healthcare experiences, W Health Ventures provides deep domain expertise and operational support to its portfolio companies.
Endiya Partners
Endiya Partners is a venture capital firm that typically invests in early-stage technology companies. Their investment focus often includes software, SaaS, and deep technology sectors, aiming to support innovative startups with significant growth potential.
ITC
ITC is a diversified conglomerate with interests in FMCG, hotels, paperboards, packaging, agri-business, and information technology. Their investment in Mylo suggests a strategic interest in the consumer goods and baby care market within India.
What's next for Mylo?
The recent major strategic investment signifies Mylo's strong market position and potential for further scaling. This infusion of capital is expected to fuel expansion initiatives, potentially including broader product line development, enhanced community engagement, and deeper penetration into the Indian e-commerce landscape for family essentials. The company's focus on natural and safe products, coupled with its extensive parent community, positions it well for sustained growth in a competitive market.
See full Mylo company page
