Anicut Capital led Rs 10 Cr Series A funding secured by health & wellness brand Zingavita
Anicut Capital led pre-Series A funding round of Rs 10 crore was secured by health and wellness brand Zingavita. Venkat Krishnan, Puru Gupta, Vishesh Chandiok, Nikhil Bhandarkar, and other seasoned investors also took part in the round.
According to a press release from Zingavita, the money will be used to expand into new product development with a targeted nutrition focus.
Zingavita, a company that was co-founded in 2020 by Sachin Goel and Dheeraj Nagpal, specializes in providing a large selection of natural supplements that promote general wellbeing.
The Chandigarh-based company states that its goal is to concentrate on products that are free of harmful additives such as sugar, preservatives, artificial colors, and flavors. This will allow it to bring efficacy, transparency, and innovation to the market. Zingavita states that more than 25 products in its portfolio are offered on well-known e-commerce sites like Amazon, Flipkart, and Tata 1mg.
Companies like Dozee, What’s Up Wellness, Breath Well-being, Peping, Healthkart, Saveo, and others may be direct or indirect competitors of Zingavita.
Grand Anicut Fund 3 and Anicut Angel Fund are the two debt funds that Anicut Capital presently oversees. Together, it invests in early- and growth-stage start-ups to manage an AUM of Rs 1,600 crore. Brands like Wow! Momo, Bira, Sugar Cosmetics, Earth Rhythm, Wingreens, Blue Tokai, and ShareChat are just a few of the companies it represents.
