Jubliant FoodWorks leads Rs 11 crore funding in Wellversed
Startup

Jubliant FoodWorks leads Rs 11 crore funding in Wellversed

The global wellness market is valued at more than US $ 1.5 trillion, with annual growth of 5-10 per cent

  • By IPP Bureau | September 30, 2021

India’s largest food services company, Jubilant FoodWorks has led Rs 11 crore investment in wellness D2C platform Wellversed.

Gurugram based Wellversed operates leading wellness and nutrition brands across several categories like ketogenic, vegan, gluten-free, low-carb, weight management, diabetes care, intermittent Fasting, sugar-free and plans to scale further as a platform that enables wellness and nutrition D2C brands.
 
Wellversed was founded in 2018 by Stanford Biodesign alumnus and third-time founder, Aanan Khurma along with Aditya Seth and Ripunjay Chachan (also a Stanford Biodesign alumnus).
 
The team also brought Aaris Kalra onboard as a founding team member via Wellversed’s acquisition of wellness counselling Company Sport fit in 2020. It is also backed by former cricketer Yuvraj Singh who is also an investor.
 
The global wellness market is valued at more than US $ 1.5 trillion, with annual growth of 5-10%. 

According to Aanan Khurma, CEO of Wellversed,  said, "The strategic alliance with one of India’s commercial giants gives Wellversed a disproportionate advantage to serve millions of people through our wellness brands. This partnership will augment our existing digital expertise with massive offline distribution capabilities.
 

Wellversed began its journey as an enabler of food alternatives for people with lifestyle health conditions. The brand was discovered and supported in the early months by Huddle Accelerator and later on by angel investors like Govind Rajan, Alok Mittal, Tejinderpal Miglani, Rohit Chanana & Shankar Narayanan.
 
Wellversed brands are available across 25 online channels including their own website, Amazon, LBB, Big Basket, 1MG, Healthkart, Qtrove, Milk Basket and more.

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