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

Actor-Director Sathish Kaushik Died of a Heart Attack at the Age of 66March 09, 2023
Soleus Push-Ups: A Laziest Exercise to Lower Blood Sugar LevelsMarch 09, 2023
World Kidney Day 2023: Be Aware of Kidney DiseasesMarch 09, 2023
Sushmita Sen reveals about suffering from a severe heart attack recently and Addison's disease in 2014March 06, 2023
A significant increase in influenza A H3N2 patients that are accompanied by severe coughing and feverMarch 06, 2023
Is AIDS or HIV curable in Ayurveda?March 03, 2023
Artificial Sweetener Erythritol Raises the Possibility of Heart Attack.March 01, 2023
Difference between HIV and AIDS - When to give antiretroviral therapy?March 01, 2023
Zero Discrimination Day: Let's Raise the Voice Against DiscriminationMarch 01, 2023
International Women’s Day 2023 – Embrace EquityFebruary 28, 2023
Brain Tumors - Types, Symptoms and Risk FactorsFebruary 28, 2023
World Rare Disease Day: End Stigma Against Rare Diseases.February 28, 2023
National Science Day 2023 - Global Science for Global WellbeingFebruary 28, 2023
Eating disorders - Types and their complicationsFebruary 27, 2023
The condition that took away the life of Malayalam filmmaker, Joseph ManuFebruary 27, 2023
World NGO Day 2023 - We make a living by what we get, but we make a life by what we giveFebruary 27, 2023
Functions and Problems of SerotoninFebruary 25, 2023
Arthritis management – Tips to manage arthritis effectivelyFebruary 25, 2023
Apple has undertaken a project of no-prick blood sugar monitoring feature for its watch.February 24, 2023
Bird flu – Jharkhand on alert, know its prevention and symptoms in humansFebruary 24, 2023