The Parentinc receives backing from Thailand's retail giant, Central Retail Corporation
THAILAND, 5 April 2022 - The latest funding will aid Parentinc’s portfolio expansion in Thailand – one of its key markets.
For CRC, it intends to utilise The Parentinc’s 35 million user base to expand its own operations in the “mom and kids” segment, which it sees as a high potential market.
Starting out as an online blog, The Parentinc has grown into a social network that serves as a key information resource for parents in the region. Not only does it create content on health, tips for new parents relating to family planning, child development and child care, but The Parentinc also operates direct-to-consumer brand Mama’s Choice. Mama’s Choice manufactures pregnancy, nursing, baby care, and household products for Asian families.
The latest investment follows a great week for Theparentinc, which also saw it add Line Southeast Asia to its cap table of investors. The Parentinc has an illustrious list of strategic partners, including JD.com and SCB20X, that has enabled it to strengthen its leadership of its commerce line in Indonesia and Thailand, amongst others.
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