Funding Alert
Nutraceutical Startup Power Gummies Bags $6 Mn To Add More Products Line
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BySaksham Daga | January 10, 2022
Neutracutical startup Power Gummies has raised $ 6 million in a Series A round led by 9 Unicorns. Vcats, DSG Consumer Partners, WIPRO Consumers, Sharpp Ventures and NB Ventures also participated in this round. Founded by Divij Bajaj in March 2018, Power Gummies manufactures a variety of chewable dietary supplements that are said to offer a variety of health benefits, including gummies that are said to help hair and nail growth. increase. According to startup information, the gum is FSSAI (Indian Food and Drug Administration) and FDA (US Food and Drug Administration) compliant, 100% free of sugar, gelatin, gluten, pesticides and artificial colors. vegetarian.
Use the newly injected capital for marketing costs, build larger teams and add more products to the dietary supplement line.
“If you understand the need for time, I really believe that you are a change of time. Divij Bajaj, Founder and Chief Executive Officer of PowerGumi, said.
According to an analysis by , the best-selling D2C Daily Consumer Goods (FMCG) brand in 2008 was an online dietary supplement retailer called HealthKart, one of the channels Power Gummies uses to sell its products.
The global dietary supplement market is estimated to be $ 417,660 million in 2020 and is projected to grow at an annual growth rate of 8.9% from 2020 to 2028. Dietary supplements and functionality. Food demand is expected to continue to grow as people become more health conscious.
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Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
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