Total amount raised
$10.7 Million
Latest funding date
01/01/2023
Location
Wellversed has successfully raised funding over 9 rounds, with the latest being a Series A round. The company is backed by 13 investors, including Peaceful Progress and Jubilant FoodWorks.
Keep reading to explore the intricacies of Wellversed's fundraising journey and the investors backing this innovative platform.
What Is Wellversed?
Wellversed is a private company based in Delhi, India, specializing in fitness, health care, nutrition, and wellness. The company operates a portfolio of nutrition and supplement brands aimed at maximizing human potential. It has an employee count ranging from 51 to 100.
Founded in Gurgaon, Haryana, Wellversed offers a wide range of bodybuilding and gym supplements. The company emphasizes the quality and authenticity of its products, ensuring they are formulated with the finest ingredients and top-notch quality control standards.
How Much Funding Has Wellversed Raised?
- Series A
- Amount Raised: USD 7,500,000
- Date: January 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion in the nutrition and supplement market.
- Corporate Round
- Amount Raised: USD 1,500,000
- Date: September 2021
- Lead Investors: Jubilant FoodWorks
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their portfolio and facilitate acquisitions.
- Debt Financing
- Amount Raised: USD 200,000
- Date: April 2021
- Lead Investors: Vector NXG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and growth initiatives.
- 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.
- Seed
- Amount Raised: USD 100,000
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial product offerings and market entry.
- Seed
- Amount Raised: USD 1,000,000
- Date: October 2020
- Lead Investors: YWC Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up product reach and health transformation programs.
- Debt Financing
- Amount Raised: USD 100,000
- Date: June 2020
- Lead Investors: Klub
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and growth initiatives.
- Angel
- Amount Raised: USD 250,000
- Date: September 2019
- Lead Investors: Huddle
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial product offerings and market entry.
- Angel
- Amount Raised: USD 50,000
- Date: December 2018
- Lead Investors: Govind Rajan
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial product offerings and market entry.
Total Amount Raised: USD 10,950,000. Current Valuation: Not publicly disclosed.
Key Investors
- Peaceful Progress
- Details: Peaceful Progress is a venture capital firm that has participated in multiple Series A funding rounds for Wellversed.
- Investment Focus Areas: Technology, health care, consumer products.
- Notable Investments: Series A funding for Wellversed.
- Jubilant FoodWorks
- Details: Jubilant FoodWorks is a leading food service company in India, known for operating the Domino's Pizza and Dunkin' Donuts franchises in the country.
- Investment Focus Areas: Food and beverage, quick-service restaurants, consumer goods.
- Notable Investments: Series A funding for Wellversed.
- Yuvraj Singh
- Details: Yuvraj Singh is a renowned cricketer and philanthropist who has acquired a significant stake in Wellversed.
- Investment Focus Areas: Health and wellness, nutrition products.
- Notable Investments: Wellversed, through his foundation and brand YWC.
- Vector NXG
- Details: Vector NXG is an investment firm that participated in the debt financing round for Wellversed.
- Investment Focus Areas: Technology, health care, financial services.
- Notable Investments: Debt financing for Wellversed.
- Huddle
- Details: Huddle is a startup accelerator and investment firm that participated in the angel funding round for Wellversed.
- Investment Focus Areas: Technology, consumer products, health care.
- Notable Investments: Angel funding for Wellversed.
What's Next for Wellversed?
Wellversed is poised to capitalize on the growing demand for health-based and dietary-specific products. With a 250 percent increase in product shipments and a presence across 25 e-commerce channels, the company is well-positioned to scale up its reach and expand its health transformation program. Leveraging Yuvraj Singh's role as a brand ambassador, Wellversed aims to strengthen its supply chain and enhance its market presence.
Future fundraising opportunities appear promising, given the company's significant growth and recent investments. These funds could support further expansion and operational scaling. However, Wellversed may face challenges such as managing rapid growth, maintaining product quality, and navigating competition in the health and nutrition market.
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