Singapore-based The Parent Inc. (previously Tickled Media), the parent company of theAsianparent, one of Southeast Asia’s most popular community and content platforms for mothers and fathers, has raised $22 million in funding.
East Ventures and other unknown investors lead the investment round. Central Retail Corporation, a new investor, and WHG Holdings, an established investor, both participated.
The round included both main and secondary investments, as well as venture loans. The venture debt financing was given by DBS, and it is the bank’s second such venture debt financing.
The agreement comes soon after LINE SEA was announced as a stakeholder late last month.
Mama’s Choice, a direct-to-consumer brand that makes and retails safe, natural, Halal, and FDA-approved pregnancy, breastfeeding, infant care, and housekeeping items for Asian families, is owned and operated by The Parent Inc. Other publications include:
The Asian Financial Guide (a personal finance and career portal for women).
HerStyleAsia is a website dedicated to Asian women’s fashion (delivering cutting-edge content on the Asian entertainment, style, and culture scenes).
Nonilo Nonilo Nonilo Nonilo Non (a food, home, and DIY lifestyle hub).
Thailand, the Philippines, Malaysia, Indonesia, Vietnam, Hong Kong, Sri Lanka, India, Taiwan, Japan, and Nigeria are among the nations where theAsianparent is accessible in 11 languages.
The company now claims to have a monthly user base of over 35 million people. According to Mahtani, the company’s income increased by 100% year over year in 2021.
