Wellness Startup Wellversed Raises INR 11 Cr Funding Led By Jubilant FoodWorks The Gurugram-based platform plans to scale further as a platform that enables wellness and nutrition D2C brands
Opinions expressed by Entrepreneur contributors are their own.
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
Food services company, Jubilant FoodWorks recently announced to have led an INR 11 crore investment in wellness D2C platform Wellversed.
Gurugram-based Wellversed operates 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.
"Today's consumers view wellness across all six dimensions - Better Health, Better Fitness, Better Nutrition, Better Appearance, Better Sleep, and Better Mindfulness," said Annan Khurma, chief executive officer, Wellversed. "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 was founded in 2018 by Stanford Biodesign alumnus and third-time founder, AananKhurma along with Aditya Seth and RipunjayChachan (also a Stanford Biodesign alumnus).
Wellversed is also backed by the world cup winner, cricket legend, Yuvraj Singh, who turned into an active investor and a wellness ambassador after his recovery from his life-threatening health condition.
"What stands apart about Wellversed is the absolute commitment of its founders to the cause of healthspan maximization through Wellness brands. I think of Wellversed as more of an ideology that will completely redefine the wellness space in this decade. Having Jubilant on our team will significantly accelerate the pace of our growth," shared cricketer Yuvraj Singh.
The team also brought AarisKalraonboard as a founding team member via Wellversed's acquisition of wellness counseling Company Sport fit in 2020.
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, and Shankar Narayanan.
"Even in my preliminary interactions with Aanan, I had understood that his unrelenting pursuit of healthspan maximization will make him one of the key stakeholders in the Wellness Industry. We have personally seen his vision strategically taking shape over the last few years. This investment by the commercial giant Jubilant is a validation of the leadership being created in this segment by Wellversed," commented SanilSachar, co-founder and partner, Huddle.
The global wellness market is valued at more than $1.5 trillion, with annual growth of 5-10 per cent.
"I was convinced to work with Wellversed even before going into the details of the business. Aanan's vision, confidence, and passion to redefine wellness in this decade were sufficient to convince me to spend disproportionately more time with them as their exclusive financial advisor," added SushantoMitra, founder and chief executive officer, Lead Angels.
Wellversed brands are available across 25 online channels including their own website, Amazon, LBB, Big Basket, 1MG, Healthkart, Qtrove, Milk Basket, and more.
