Manila, Philippines – Coming fresh from its recently-concluded pre-series A funding, local mom-centric e-commerce platform edamama has reached US$5m in total, which will be used in the company’s new endeavors in automation, product development, and innovations, as well as the company’s warehouse and logistics operations.
Said investment round was led by venture capital Gentree Fund, together with Foxmont Capital Partners, Robinsons Retail, and Kickstart Ventures, Inc. a wholly-owned subsidiary of local telco Globe Telecom.
Edamama was established amid the pandemic by its founder Bela Gupta D’Souza, alongside her husband Nishant, to address the issue of quality, as well as the other challenges common among today’s e-commerce platforms, such as channel fragmentation, non-established brand trust, the lack of a discovery-led buying experience, and poor customer service.
Furthermore, D’Souza also found pain points of mothers as consumers when purchasing online. She said that it is common for mothers to spend many hours in search of the best products for their children only to end up with mediocre items that have the inferior quality from untrusted sources.
“E-commerce is a scale game and we’re very excited about scaling up. Our goal is to continue being vertically focused, so we could gain and build the trust of more mothers in the country,” she said.
Edamama services mothers nationwide, although it acknowledges the need for further upgrades on its logistics operations to cope with the increase in orders coming from all over the country. It hopes to use part of the funds raised to expand its warehouse capabilities and further improve its delivery services for customers to receive their goods more quickly.
Apart from this, the company is also working on omnichannel expansion and providing new mediums of direct-to-consumer communication, such as selling through a live stream.
In addition, there are many features within the platform including ‘Gift Registry’ for creating gift wish lists for special occasions, ‘Subscribe and Save’ which is an online diaper subscription service, and ‘Explore’ which is a one-stop destination to book online events and activities for children.
“The edamama team constantly works towards creating innovative features for moms to use, staying true to their mission of simplifying decision-making and reimagining online shopping for mothers,” the company said in a press statement.
