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D2C brand Wellness Nutrition raises debt

EntrackrEntrackr · 11m ago
D2C brand Wellness Nutrition raises debt
Medial

Wellbeing Nutrition, a D2C health & wellness startup, is raising Rs 25 crore (approximately $3 million) in debt funding led by pharma company ACG-Capsules with the participation of Maheshwari Investors Pvt Ltd, MGB Advisors, and Atmos Finance. The board at Wellbeing Nutrition passed a special resolution to issue 2,500 optionally convertible debentures (OCDs) at an issue price of Rs 1,00,000 each to raise Rs 25 crore or $3 million, its regulatory filing accessed from the Registrar of Companies (RoC) shows. ACG led the round with Rs 10 crore investment while Maheshwari Investors, MGB Advisors, and Atmos Finance will be contributing Rs 5 crore each. According to filings, the company will utilize these funds for general business operations, including capital and working capital expenditures. Founded by Avnish Chhabria, Wellbeing Nutrition is a whole-food nutrition company specializing in plant-based ingredients to promote overall wellness. Its product range includes solutions for daily wellness, sleep, headaches, gut health, hair loss, and skincare. According to startup data intelligence platform TheKredible, the D2C company has raised close to $14 million to date, including a $10 million Series B round raised from Fireside Ventures and Hindustan Unilever (HUL) in December 2022. For the fiscal year ended March 2024, Wellbeing Nutrition reported Rs 70 crore in operating revenue while incurring a loss of Rs 32 crore during the same period.

Moxie Beauty raises Rs 17.3 Cr led by Fireside Ventures

EntrackrEntrackr · 1y ago
Moxie Beauty raises Rs 17.3 Cr led by Fireside Ventures
Medial

D2C haircare brand Moxie Beauty has raised Rs 17.3 crore or $2.1 million in a new round led by Fireside Ventures. The round also saw participation from a group of angel investors, including Samir Singh (ex Unilever CMO Personal Care, Chair Unilever Asia), Arjun Purkayastha, Suhasini Sampath (founder, Yoga Bar), Navin Parwal and Sangeet Agrawal (founders, Mokobara). In April last year, the Gurugram-based startup had raised $669K in its seed round from Amplify Partners, OTP Venture Partners and others. The new proceeds will be used towards product innovation and research, hiring talent, and expanding distribution channels. Launched by Nikita Khanna and Anmol Ahlawat, Moxie Beauty makes salon-quality hair care products that are tailored for Indian hair textures. Besides essentials like shampoo and conditioner, it offers leave-in products and styling products that help tackle dryness and frizz.

RAS Luxury Skincare raises $7.5 Mn in Series B led by Dabur Ventures

EntrackrEntrackr · 9d ago
RAS Luxury Skincare raises $7.5 Mn in Series B led by Dabur Ventures
Medial

Snippets RAS Luxury Skincare raises $7.5 Mn in Series B led by Dabur Ventures Skincare brand RAS Luxury Skincare has raised $7.5 million in a Series B funding round led by Dabur Ventures, with participation from Unilever Ventures. The Raipur-based company had previously raised over $6.5 million. Skincare brand RAS Luxury Skincare has raised $7.5 million in a Series B funding round led by Dabur Ventures, with participation from Unilever Ventures. The Raipur-based company had previously raised over $6.5 million in funding, including a Series A round led by Unilever Ventures. The proceeds will be used to accelerate its omnichannel expansion across digital and offline formats, including its D2C platform, e-commerce and quick commerce marketplaces, Exclusive Brand Outlets (EBOs), HORECA partnerships, and curated retail presence, RAS Luxury Skincare said in a press release. Founded in 2021 by Shubhika, Suramya and Sangeeta Jain, RAS Luxury Skincare operates a vertically integrated model spanning the cultivation of botanicals on family-owned farms, in-house R&D, and small-batch manufacturing. The company offers products such as face elixirs, serums and moisturisers, formulated with essential oils and plant-based actives. RAS Luxury Skincare plans to invest in brand-building and marketing initiatives to deepen consumer engagement in the premium luxury segment. It also plans to expand its team across key functions, including product development, marketing and operations, to support its next phase of growth. RAS claims to have demonstrated strong growth momentum, with a three-year revenue CAGR of approximately 75%, an ARR of about Rs 100 crore, and high gross margins. The company has a consumer base exceeding 5,00,000 unique customers and a strong multi-channel presence spanning its D2C platform, e-commerce and quick commerce marketplaces, and premium offline retail. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here.

D2C luggage brand uppercase raises $9 Mn led by Accel

EntrackrEntrackr · 1y ago
D2C luggage brand uppercase raises $9 Mn led by Accel
Medial

D2C luggage brand Uppercase (Acefour Accessories) has raised $9 million in a Series B round led by venture capital firm Accel. As per uppercase, it has raised the new round at a post money valuation of $60 million. In 2022, the company had raised $7 million in apPre-Series A funding round led by Sixth Sense Ventures, with participation from Volrado Venture Partners. The funding will support business expansion, aiming to increase its customer base across India, uppercase said in a press release. Founded by Sudip Ghose, uppercase sells travel gear online and through 1,800 multi-brand stores across India. Its products are priced in the range of Rs 3,500-5,000. The Mumbai-based company aims to achieve its Rs 500 crore goal by adding 250 exclusive retail stores over the next three years. Earlier this year, luggage brand Mokobara raised $12 million in a Series B funding round led by Peak XV Partners. Besides Mokobara, uppercase also competes with Assembly, Nasher Miles and EUME. While Nasher miles raised $4 million in July, EUME bagged $1.7 million in June. As per startup data intelligence platform TheKredible, uppercase reported an operating revenue of Rs 10.65 crore in FY23 with Rs 21 crore loss. The company is targeting to more than double its revenue to Rs 150 crore by FY25, up from Rs 70 crore in FY24.

Men’s health startup RxMen raises Rs 5 Cr in seed round led by IPV

EntrackrEntrackr · 6m ago
Men’s health startup RxMen raises Rs 5 Cr in seed round led by IPV
Medial

RxMen, a Delhi-based men’s health tech startup, has raised Rs 5 crore (around $570K) in its seed round led by Inflection Point Ventures (IPV). The round also saw participation from SPA Family Ventures, Ankit Goel, Seven Square Ventures, along with a grant from Prosus Group. The proceeds will be used for brand building, launching RxMen-branded products, and setting up co-branded clinics. The firm targets to achieve positive EBITDA by October 2025. Founded in 2023 by Shailja Mittal, RxMen is a full-stack, clinic-led men’s health platform. It focuses on root-cause treatment across sexual health, hormones, skin, stress, and sleep. Over the past 20 months, RxMen claims to have grown 100x in revenue and reported an MRR of $70,000 (Aug 2025), with an ARR projection of $1.7 million by FY26. It has delivered over 30,000 consultations and is handling 6,000 consultations monthly through a network of 30 specialists in urology, psychiatry, sexology, and therapy. RxMen has developed a Sexual Health Index (SHI), now under validation at IIT Jodhpur, built from 25,000 anonymized consultations. It reports a 95% success rate based on SHI outcomes. It will compete with Man Matters (Mosaic Wellness), Bold Care, and Traya.

Oziva records flat growth under Hindustan Unilever in FY24

EntrackrEntrackr · 1y ago
Oziva records flat growth under Hindustan Unilever in FY24
Medial

D2C nutrition brand Oziva, which was acquired by FMCG giant Hindustan Unilever (HUL) in 2022, posted a flat scale during the fiscal year ending March 2024. Following a 20% decline in sales during FY23, the D2C nutrition brand posted a flat scale with a modest 4% increase to Rs 104 crore in FY24, the annual report of its parent company HUL shows. HUL said that Oziva recorded Rs 44 crore loss in the last fiscal year. In FY23, the firm registered a net profit of Rs 58.8 crore due to one-time gain of Rs 95.5 crore. However, if we exclude that other income, its losses stood at Rs 45.8 crore in FY23. This implies, Oziva’s scale and loss remained flat in the last financial year (FY24). It’s worth noting that it is the first full fiscal year for Oziva under Hindustan Unilever. The six-year-old D2C firm sells plant-based nutrition products for health, skin, hair, and general wellness. The sale of health and nutrition products was the sole revenue driver for the company. The company has raised around $17 million to date with the backing of Matrix Partners, Eight Road Ventures, and Stride Ventures. In December 2022, HUL acquired 51% stake in Oziva with the first tranche at a cash consideration of Rs 264.28 crore ($32 million). As per the annual report, Oziva was valued at Rs 361 crore ($43.5 million) using the multi-period excess earnings method. At the same time, HUL also acquired 19.8% of the stake in Wellbeing Nutrition for a cash consideration of Rs 70 crore. Founded by Avnish Chhabria, Wellbeing Nutrition is a whole-food nutrition company that uses plant-based ingredients to deliver wellness to individuals. The company is yet to disclose its FY24 results.

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