According to the Global Children’s Snacks Market Research Report 2018 published by QYResearch, Chinese children’s snacks market is forecast to grow at a steady CAGR of 10% to 15% from 2019 to 2023, and this figure is expected to continue to rise as Chinese two-child policy continues. The children’s food brand “Duo Mao Mao” has received an angel round of financing exclusively invested by SIG, a US dollar fund, with Wave Capital acting as the exclusive financial advisor. This round of financing will be used for product line development, marketing, and promotion. Focusing on functional foods for children, “Duo Mao Mao” has developed a series of children’s foods with the following characteristics: healthy and free of additives, more suitable for “Chinese babies’ appetite”, and products being both fun and delicious. Currently, the product launch cycle of “Duo Mao Mao” can be maintained at 2 months, and it is expected that the GMV of its entire product line will exceed RMB 100 million yuan (USD $15 million) in 2021. (Source: wow36kr)

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