Total amount raised
$10.7 Millions
Latest funding date
01/01/2023
Location
Wellversed has successfully raised $7.5 million in a Series A funding round, backed by investors such as Peaceful Progress and Jubilant FoodWorks. The company operates a portfolio of nutrition and supplement brands aimed at maximizing human potential.
Keep reading to explore the intricacies of Wellversed's fundraising journey and the investors backing this innovative platform.
What Is Wellversed?
Wellversed, founded on March 1, 2018, by Aanan Khurma, Aditya Seth, and Ripunjay Chachan, is headquartered in Delhi, India. The company operates a portfolio of nutrition and supplement brands aimed at maximizing human potential. With a team of 51-100 employees, Wellversed offers a range of products in the fitness, health care, nutrition, and wellness industries.
How Much Funding Has Wellversed Raised?
- Angel Round
- Amount Raised: $50K
- Date: December 2018
- Lead Investors: Govind Rajan
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
- Angel Round
- Amount Raised: $250K
- Date: September 2019
- Lead Investors: Huddle
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the product line and increase market reach.
- Debt Financing
- Amount Raised: $100K
- Date: June 2020
- Lead Investors: Klub
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and manage cash flow.
- Seed Round
- Amount Raised: $1M
- Date: October 2020
- Lead Investors: YWC Venture Capital
- Valuation at Round: Rs 100 crore
- Motivation Behind the Round: To scale up product reach and health transformation programs.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and market their product offerings.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: February 2021
- Lead Investors: The Circle Founders Club
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To gain strategic support and mentorship.
- Angel Round
- Amount Raised: $100K
- Date: February 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and product development.
- Debt Financing
- Amount Raised: $200K
- Date: April 2021
- Lead Investors: Vector NXG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage operational expenses and expand the business.
- Corporate Round
- Amount Raised: $1.5M
- Date: September 2021
- Lead Investors: Jubilant FoodWorks
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and market presence.
- Series A
- Amount Raised: $7.5M
- Date: January 2023
- Lead Investors: Peaceful Progress
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand into new markets.
Total Amount Raised: $10.7M
Current Valuation: Not publicly disclosed
Key Investors
- Peaceful Progress
- Details: Peaceful Progress is a venture capital firm known for investing in early-stage companies. They focus on providing strategic support and capital to help startups scale.
- Investment Focus Areas: Technology, Health and Wellness, Consumer Goods
- Notable Investments: Not publicly disclosed
- Jubilant FoodWorks
- Details: Jubilant FoodWorks is a leading food service company in India, operating well-known brands like Domino's Pizza and Dunkin' Donuts. They are part of the Jubilant Bhartia Group.
- Investment Focus Areas: Food and Beverage, Quick Service Restaurants, Consumer Goods
- Notable Investments: Domino's Pizza, Dunkin' Donuts, Hong's Kitchen
- Vector NXG
- Details: Vector NXG is a private equity firm that specializes in providing growth capital to mid-sized companies. They focus on sectors with high growth potential.
- Investment Focus Areas: Technology, Healthcare, Consumer Services
- Notable Investments: Not publicly disclosed
- Yuvraj Singh
- Details: Yuvraj Singh is a renowned cricketer and philanthropist. He is known for his foundation and brand YWC, which focuses on improving people's lives through various initiatives.
- Investment Focus Areas: Health and Wellness Products, Dietary Regimes, Health Transformation Programs
- Notable Investments: Wellversed
- Huddle
- Details: Huddle is an accelerator and incubator that supports early-stage startups. They provide mentorship, strategic guidance, and access to a network of investors.
- Investment Focus Areas: Technology, Consumer Goods, Health and Wellness
- Notable Investments: Not publicly disclosed
What's Next for Wellversed?
Wellversed is poised for significant growth, leveraging its recent funding to scale product reach and health transformation programs. With a 250 percent increase in product shipments and a presence across 25 e-commerce channels, the company is well-positioned to capitalize on the rising demand for health-based products.
Future fundraising opportunities seem promising, given the company's rapid growth and the strategic support from investors like Yuvraj Singh. This momentum could attract further investments to support continued expansion and enhance supply chain capabilities.
However, Wellversed may face challenges in managing rapid growth, maintaining product quality, and navigating competition in the health and nutrition market. Effective supply chain management will be crucial to sustaining their upward trajectory.
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