Good Well being Firm raises $10 million in Sequence A funding
Hyderabad-based direct-to-consumer (D2C) startup Good Well being Firm (Clinic) has secured $10 million in a Sequence A funding spherical, led by New York-based enterprise capital agency Left Lane Capital.
Current buyers together with Khosla Ventures, Quiet Capital, and Weekend Fund additionally participated on this spherical.
Good Well being Firm plans to make use of the proceeds to introduce extra product classes, deal with product innovation and increase the present group, it stated in an announcement on Wednesday.
The startup was based in January 2021 by Samarth Sindhi. It supplies options for sufferers with situations like hair fall, sexual well being, and weight reduction, amongst others.
Good Well being Firm’s male vertical ‘Mars’ centered on the non-public care marketplace for males. The corporate just lately launched ‘Saturn’ vertical specializing in merchandise addressing female-related issues.
“The worldwide well being and wellness business is a $1.5 trillion market rising steadily at 5-10% yearly, with the Indian market contributing to it at an exponentially rising price,” stated Vinny Pujji, managing associate at Left Lane Capital.
“Good Well being Firm’s speedy progress price these previous 18 months is testomony that India’s inhabitants is hungry for scientifically confirmed, medical-grade well being and wellness merchandise. Their D2C mannequin, through which they provide free well being consultations to sufferers, humbly addresses one of many largest healthcare challenges.” he added.
The startup had final raised a $5.2 million spherical led by Khosla Ventures, with participation from Quiet Capital, W Well being Ventures, Weekend Fund amongst different angels. Since its inception, the corporate stated, it has helped over 10 million clients in free session, course of therapy, and supply of merchandise. It has launched a number of classes, together with hair care, skincare, sexual well being and weight reduction.
“Our goal, proper from the primary day, was to offer a scientifically confirmed answer to the unmet healthcare care wants of our customers,” stated Sindhi. “In the previous couple of months, we’ve labored in the direction of increasing the product classes and introducing informative content material to boost consciousness about males’s self-care wants.”
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