Wellbeing Nutrition raises USD 10 Million in Series B Funding from Hindustan Unilever Limited and Fireside Ventures.

Wellbeing Nutrition offers a range of nutraceuticals, organic as well as non-genetically modified vitamins and minerals and aims to make nutrition related products accessible all over the world.

Wellbeing Nutrition raises USD 10 Million in Series B Funding from Hindustan Unilever Limited and Fireside Ventures. 

D2C nutrition Brand, Wellbeing Nutrition, has raised INR 85 Crore in a Series B round led by Hindustan Unilever Limited and Fireside Ventures. The company will use the new funds to launch and extend its product categories, strengthen its expert channel network, and strengthen its R&D. 

Wellbeing Nutrition was founded in 2019. The current Wellbeing Nutrition team led by Avnish Chhabria and Saurabh Kapoor will continue to operate all functions of the business. The company has a presence in D2C, and digital marketplaces and are increasing in offline retail channels to over 5000+ retail touchpoints. 

Avnish Chhabria and Saurabh Kapoor of Wellbeing Nutrition said, “We are very excited to welcome Hindustan Unilever as a strategic Investor. Fireside Ventures continued backing and further investment have been a great encouragement. With the new funding, we aim to reach 100 million people over the next year by driving awareness through digital aggressively, as well by making use of HUL’s capabilities. We believe this partnership will help scale Wellbeing Nutrition and become a lifestyle wellness brand of choice for all.” 

Wellbeing Nutrition offers a range of nutraceuticals, organic as well as non-genetically modified vitamins and minerals like Melts (Oral Thin Strips), Slow (Slow-Release 2-in-1 capsules with beadlet in oil technology) Korean Marine Collagen peptides for beauty, Daily Fiber for digestion and Vegan Protein for fitness and everyday health. 

Ritesh Tiwari, CFO, HUL, said, “HUL has a successful track record of building categories through market development. We are excited to work with the founder of Wellbeing Nutrition to grow the businesses further by leveraging our complementary expertise and capabilities.”  

Kannan Sitaram, Fireside Ventures, said, " We are excited by how the partnership with HUL can build on this culture of innovation and create enormous potential for growth."

(Edited by Rajeev Pillai)

 

Tags : #fundingalert #Wellbeingnutrition #nutrition #nutraceuticals #organic #medicircle #smitakumar

About the Author


Rajeev Pillai

Rajeev Pillai has accumulated extensive experience in the Electronics and Telecom Service Industry with global companies in the Middle East. Being a continuous learner with a lifelong passion for writing, Rajeev writes on topics such as Healthcare, Finance, Travel and Technology.

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

Why are key populations on the blindspot in the global HIV response?July 20, 2024
Exploring the Link Between Tinnitus and Body Composition: What Recent Research RevealsJuly 20, 2024
Surge in Brain Infections in India During Monsoon: A Growing ConcernJuly 20, 2024
We have more infection-prevention options now but are they actual choices for the people?July 19, 2024
New humidity-driven membrane to remove carbon dioxide from the airJuly 19, 2024
Introducing the World's First Consent-Based Data-Sharing Framework Built on Open Standards: The Affinidi Iota Framework July 19, 2024
The Power of Green Spaces: Evidence That Parks May Delay Cognitive DeclineJuly 19, 2024
Strengthening Healthcare in India: The Push for Better Coverage with Ayushman BharatJuly 19, 2024
SARV Events & Celebrations Shines at "Edu-Bizz Leadership Summit & Awards 24July 18, 2024
UAE launches global initiative to build 10 hospitals to address critical healthcare gaps as part of Zayed Humanitarian Legacy InitiativeJuly 18, 2024
Geetanjali Homestate Expands Global Presence with the Launch of Geetanjali GlobalJuly 18, 2024
Changes projected in marine fish communities due to climate changeJuly 18, 2024
Understanding the Chandipura Virus Outbreak in Gujarat: A Critical OverviewJuly 18, 2024
Landmark Study Links Severe Endometriosis to Increased Risk of Ovarian CancerJuly 18, 2024
Equipping Healthcare Professionals for Global Opportunities: GIMS Partners with NSDCJuly 18, 2024
Hormone Modulating Therapy for Breast Cancer and Its Link to Lower Alzheimer’s RiskJuly 18, 2024
Multipl Secures $1.5 Million in Additional Funds, Led by Blume Ventures and MIXI Global Investments, JapanJuly 17, 2024
FedEx to empower youth with digital skilling programJuly 17, 2024
Putting people first means following Gandhi's TalismanJuly 17, 2024
American Oncology Institute (AOI) Launches #BreaktheHabit Campaign to Raise Awareness on Head & Neck cancerJuly 17, 2024