Vegan Wellness brand Fitspire raises undisclosed pre-series A funding
Fitspire, a vegan health-wellness brand, said it has secured an undisclosed amount of funding in a pre-Series A round. The funding was spearheaded by investors such as the founders of LC Nueva, an alternate investment fund, and renowned singer Sukhbir Singh. Additionally, the family office of Jaipurias, represented by Ruchirans Jaipuria and Anuraag Jaipuria, also participated in the funding round.
«This investment will help us expand our product range and reach global markets, bringing our plant-based products to more people. We are excited to take Fitspire to new heights and positively impact people's well-being along the way,» said Vipen Jain, founder and CEO of Fitspire. The funding round also attracted investors such as Ivor Braganza from Next5 Ventures Oman, Dheeraj Jain from Redcliffe London, and existing investors Amit Singhal, Fitspire also previously got invested by Rajesh Sud ( MD Financial services Bharti Enterprises), Simmar Pal Singh, CEO, Cofco International, and Jay Ukani, Director at Ban Labs.
The Delhi-based nutrition startup, which addresses contemporary lifestyle concerns, had previously raised approximately $1 million in seed and bridge rounds. With the new funding, the company aims to enhance the HPC ecosystem, expand its market presence in Tier II and Tier III cities in India and globally, introduce additional products, and establish new sources of revenue. Founded in 2020 by Vipen Jain, an alumnus of IIM Lucknow, Fitspire's sales have increased by ten times every year.
The company has set a revenue target of Rs300 crore within the next three years. Fitspire’s growth can be attributed to the company's presence in the rapidly expanding health, personal care and nutraceuticals market. Globally, the
. Read more on economictimes.indiatimes.com
