“Health is wealth”. We have grown up listening to this quote. And there is no doubt about the authenticity of this quote. But, do we care about health? We all know the answer to this question very well. Unfortunately, the majority of us don’t think much about health.
We do exercises or take health seriously due to three major reasons. First, our body has started giving signals that something is wrong internally. In most cases, the outer structure of the body will also start telling us about how unhealthy we are. Second, the doctor has told us to take care of health after diagnosing certain diseases. Third, it is compulsory to take care of the health for survival.
In the current technological era, it is quite easy to follow healthy routines due to a chunk of valuable information available at our fingertips. You will find the penalty of health-based blogs and startups that are solely dedicated to such cause. Wellversed Health Private Limited is one such startup that has grown exponentially within a short time.
Wellversed started in 2018, has created a niche for itself in the field of the Health sector by its unique offerings. It is a Gurugram based Indian startup founded by Aanan Khurma, Aditya Seth, and Ripunjay Chauhan. Within three years, the startup has found enough investors and supporters that have helped it to grow further.
Wellversed offers ketogenic and low-carbohydrate dietary products to its users. The firm is also known for selling vegan food products like vegan meats. Sugar disease is very common in India. To help sugar patients in living a healthy life, Wellversed has started manufacturing products based on zero calories, and zero sugar.
Keto cookies, keto sweeteners, and keto dark chocolate are other low calories products for a healthy life. The startup is also offering natural products like green tea and ayurvedic coffee for its customers. In big cities, the startup offers health-related coaching to users.
Wellversed Exponential Growth
Wellversed received $50k as the seed round funding led by Govind Rajan. One year later, Tejinderpal Miglani, the co-founder of the famous Indian financial services group Indiabulls, invested in Wellversed. Other than Miglani, the startup also welcomed other investors including Alok Mittal, the co-founder of Indifi Technologies Private Limited, and Rohit Chanana, the founder cum Managing Partner of Sacha Advisors. After that, the company never looked back and kept growing exponentially.
Wellversed prime objective is to aware the Indians about healthy products. The firm clocked a 250% growth in 2019 due to the exponential demand for its food products. Wellversed claimed that it sold 50000 products unit in a month. Last year, the company saw a surge in its online traffic due to the demand for online health exercises and dietary products.
To strengthen its operations further, Wellversed acquired Rimoy Naturals in 2018 itself. Nimoy Naturals is a Private Limited Company founded on 8th February 2018 and is located in Kolkata. They are engaged in the production, processing, and preservation of meat, fish, and vegetables.
In August 2020, the startup received funding from KLUB Works, a financial innovation start-up from Delhi which has big investors and supporters. After the KLUB investment, Wellversed valuation reached $75000.
Yuvraj Singh Joins Wellversed
On 29 October 2020, Wellversed closed one of the biggest deals in its short history when the startup welcomed Yuvraj Singh on board. Yuvraj, the dynamic ex-cricketer of the Indian team, not only invested in Wellversed but also became the brand ambassador of the health startup.
YWC Venture, founded by Yuvraj Singh, invested in Wellversed and it surged the startup valuation to Rs 100 crore.
Talking about his association with Wellversed, Yuvraj said:
“Through my foundation and our brand YWC, we always are motivated to make people’s lives better, whether it’s food or treatment. Wellversed has a very catchy name. Their products are health-based. We have good synergy and together we can develop good products.”
Wellversed CEO and founder Aanan Khurma also looked happy due to Yuvraj association with his startup. He said:
“The fresh funding from YWC will help in scaling up the reach of products. We also have a program on health transformation to guide people on their health condition which will also be scaled up. Yuvraj will also help in research and development of the product.”
He further talked about the supply chain growth in the future. He said:
“We will also strengthen our supply chain. We are present across around 25 e-commerce channels. There is huge headroom for scaling up online based on our target segment.”
Later, Wellversed acquired Sport fit, Delhi based startup known for its one one health counseling and dietary sessions. Wellversed also claims that it has helped over 120000 customers in their health transformations during the Covid-19 pandemic. In 2021, the company plans to have 100+ staff
and it also wants to welcome more than 1 lakh paid subscribers on its platform.