Children-focussed clothing brand Cub McPaws, operated by Pochemuchka Kids Pvt Ltd, has secured pre-Series A funding from a clutch of investors based in Dubai, India, Japan, and the United States. This round has been led by a Dubai-based global family office.
Other investors that participated in the pre-Series A funding round include Takayuki Sugiura, Chief Executive Officer (CEO) of Circus Capital; Daisuke Takagi, an Executive Director at UBS; Motoko Tanabe, Founder of HMF Corporation; former MedPeer Inc. Chief Operating Officer Toshiro Wakimaru; and Taichi Nakamura, CEO of Venex Ltd.
The round has also seen participation from existing investors like Samyakth Capital also participated in this pre-Series A round.
Cub McPaws is planning to utilize the funds to expand its distribution capabilities, enhance its technology offering, besides expanding its customer base.
Set up by Abhay Bhat and Kinnar Shah in 2018, Cub McPaws targets children born after 2010 and integrates augmented reality with its products to spur engagement.
Abhay Bhat, Co-Founder of McPaws, said, “Cub McPaws is already a phenomenon among kids and parents across India. The new investment will help us scale our technology offering and create a complete range of products. We will explore international markets where our products have generated significant interest. We are in discussion with an ex-Facebook, Uber senior executive to head our technology team.”
In December 2019, Cub McPaws secured an undisclosed amount in pre-seed funding from Venture Catalysts, a startup incubator and accelerator.