Power Gummies Raises $6 Million In Series A Funding
Power Gummies, a health supplement startup, has raised $6 million in a Series A funding round led by 9Unicorns, with participation from Vcats, DSG Consumer Partners, Sharpp Ventures (Marico Family office), WIPRO Consumers, and NB Ventures.
The startup plans to use the raised funds for marketing purposes, build a larger team, and launch more variants of dietary supplements.
Power Gummies | Health Powered By Happiness & Backed By Science
Founded by Divij Bajaj, Power Gummies is a New Delhi-based health supplement startup exclusively focused on offering health and wellness solutions to meet today’s lifestyle.
Launched in November 2018, the startup claims to have unique formulations backed by World Health Organisation (WHO) standard clinical trials, creating products through robust R&D while following sustainable manufacturing practices.
Speaking on the development, Divij Bajaj said,
“Power Gummies is all set to mark its space at global nutraceutical industry podium with this newly raised funding round. We are extremely excited to roll out new projects such as introducing new variants and expanding overseas.”
Power Gummies aims to revolutionise the nutraceutical market in India to expand it locally as well as internationally. The health supplement startup credits its innovation to its belief in an extensive study, where each product is subjected to several clinical studies to prove its worth.
Their gummies are FSSAI and FDA compliant and manufactured with vegan-based ingredients, no sugar or gelatin, gluten-free, contains no pesticides, no artificial colour, and are 100% vegetarian. Additionally, the supplements have also been lab-verified for purity, clinically assessed, and scientifically supported by biotin-based research published in European Food and Safety Association publications.
Its products are available through its website and on eCommerce marketplaces, such as Amazon, Flipkart, and Nykaa.
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