Nutraceutical Startup Power Gummies Bags $6 Mn To Add More Products Line

• 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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