GMA Ventures Inc. and TNB Aura have co-led a funding round for Hofer Development Corporation to enhance growth in the thriving health and wellness market in the Philippines.
Information on the Target
Hofer Development Corporation (HDC) specializes in the development of over-the-counter healthcare and wellness products. Operating under the brand name RockMedical, HDC is recognized as a fast-moving consumer goods company, with its products available in over 10,000 retail locations throughout the Philippines. This extensive distribution network highlights HDC's reach within the market, catering to a growing demand for healthcare and wellness solutions among Filipino consumers.
Industry Overview in the Philippines
The healthcare and wellness industry in the Philippines has been experiencing significant growth, largely driven by an increasing consumer awareness of health and wellness products. Consumers are progressively prioritizing their health, leading to a surge in demand for high-quality, accessible healthcare products. This trend has been further accelerated by shifts in lifestyle choices and a growing preference for preventive healthcare.
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According to market reports, the Philippine health and wellness market is expected to expand at an impressive rate, presenting lucrative opportunities for companies operating in this secto
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GMA Ventures Inc.
invested in
Hofer Development Corporation
in 2024
in a Other VC deal