Nutrizoe Raises INR 3 Crore in Bridge Round Led by Inflection Point Ventures
- ByStartupStory | July 13, 2023
Nutrizoe, a women’s nourishment brand, has secured INR 3 crore in a Bridge round of funding led by Inflection Point Ventures (IPV). The capital infusion will enable Nutrizoe to expand and enhance its Lactobite portfolio, following the successful completion of clinical trials. The primary focus will be on further developing the product line to cater to a wider range of needs and preferences.
The company plans to utilize the funds not only for product expansion but also to enter international markets, including the United Arab Emirates (UAE). This strategic move will help Nutrizoe extend its reach beyond India and provide its innovative solutions to women globally. Additionally, a portion of the funds will be allocated to research and development initiatives aimed at creating new product formulations that align with Nutrizoe’s mission of offering effective and cutting-edge solutions in the health and wellness domain.
Founded by Richa Pendake and Saanket K, a dynamic married couple with over 25 years of combined corporate experience, Nutrizoe aims to address women’s wellness and health concerns. The company introduced its initial product, lactation bars, in November 2020, driven by Richa’s deep passion for promoting women’s well-being.
Speaking about the investment, Richa Pendake, Founder and CEO of Nutrizoe, expressed her excitement, stating, “With growing apprehension around processed foods and the lack of clean labels, our vision at Nutrizoe is to address health issues through functional and nutraceutical food as an alternative to medicines. We are thrilled to have IPV support us in our goal of creating healthy moms and healthy babies. With the varied experience, network, and portfolio companies of IPV, we look forward to an upward learning journey and beyond.”
Vikram Ramasubramanian, Partner at Inflection Point Ventures, emphasized the importance of providing optimal nutrition during various stages of a woman’s life. He stated, “The female body experiences constant changes throughout every stage of life. Despite being aware of the body’s needs, these requirements are often overlooked for various reasons. One crucial phase that requires utmost attention is pregnancy and postpartum recovery. During this time, the body requires significantly more nutrition than usual to maintain the health of both the mother and the baby. Nutrizoe is an essential source of nourishment for women as these scientifically formulated products are enriched with all the necessary natural ingredients and are easily consumable. At IPV, we strongly identify with the brand’s vision of introducing revolutionary products that alleviate the challenges faced by women.”
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