Mom's Belief Parent Raises Rs 2.3 Cr in Pre-IPO Round at Rs 622 Cr Valuation

• Rays of Belief, parent company of Mom's Belief, secured Rs 2.3 crore from Myong Zin Park in a pre-IPO round on March 24.
• The funding values the company at Rs 622 crore, with 79,732 equity shares allotted at Rs 290 per share.
• The company filed an Updated Draft Red Herring Prospectus in February 2026 for an IPO of 60 lakh fresh shares.
• IPO proceeds will fund new centers, lease payments for existing centers in India and USA, and brand awareness.
• Mom's Belief provides child development and therapy services for neurodevelopmental disorders, operating 136 centers in India and 3 in the USA.