Nutrition-based healthcare startup Wellversed has raised an undisclosed amount in a pre-series A funding round led by cricketer and entrepreneur Yuvraj Singh. The investment from Singh’s YWC Ventures values the two-and-a-half-year-old startup at INR 100 Cr, according to the company statement.
With the capital, the company plans to expand its geographical reach, upgrade technology, and strengthen the company’s supply chain and research and development. It also plans to raise a Series A round of investments in early 2021.
The company claims to achieve over 250% in the last year and further said that 40% of its revenue comes from direct to consumers selling through its website.
Founded by Aanan Khurma, Aditya Seth, Ripunjay Chachan in 2018, Wellversed has now scaled across all nutrition regimes including intermittent fasting, vegan, diabetes, gluten-free, high-protein, immunity regimes, and more. It provides more than 12,000 health transformation plans for weight loss, skin health, hair care and sexual health.
Speaking on the development, Aanan Khurma, cofounder & CEO, Wellversed said, “Yuvraj Singh has high synergy with our brand in terms of the change that we aim to bring to the society at large… Having gone through his own unique journey as an elite athlete as well as a cancer survivor, Yuvraj understands the role nutrition plays in health and wellness, thereby bringing the much-needed knowledge and energy to the team.”
Initially incubated by Huddle, Wellversed received angel investment by investors such as Alok Mittal, Govindarajan Parthasarathy, Shankar Narayanan, Tejinderpal Miglani, Rohit Chanana, Amit Choudhary and others.
Wellversed competes with other brands such as Forbidden Foods Epigamia, 23BMI, Namhya Foods, Storia and many others.
“Wellversed is redefining the way nutrition and food products are crafted. It is not just another nutrition brand to me, it’s a technological innovation that paves the way for a fundamental change in the entire nutrition ecosystem,” said Yuvraj Singh, founder of YouWeCan.
There has been a recent trend where cricketers have started investing in various startups. Recently Kapil Dev invested an undisclosed amount in a deeptech startup Harmonizer. He had also invested in online grocery startup PeopleEasy.com and a Mumbai based cab aggregator VAOO.
Cricketers like Virat Kohli, MS Dhoni, Sachin Tendulkar, Robin Utthappa and many others have invested in various startups.