Sugar Watchers Raises Undisclosed Funding From Mumbai Angels Network, FAAD Network
Mumbai Angels Network and FAAD Network have invested an undisclosed amount in Sugar Watchers, an FMCG brand aimed at managing diabetes and obesity.
As per the startup, the freshly raised funds will be deployed to bolster its marketing, working capital and product development capabilities.
Sugar Watchers | Low Glycemic Index (GI) Staples
Founded by Treman Singh Ahluwalia, Sugar Watchers offers low Glycemic Index (GI) staples. The brand claims to offer 100% natural and clinically tested food alternatives that taste similar to regular foods.
Speaking about the development, Treman Singh Ahluwalia, Founder of Sugar Watchers, said,
“We are glad to have closed this bridge round with Mumbai Angels and Faad Networks, which will help us focus on launching new products and expand to newer geographies like UAE and USA.”
Operated by Good Brands for a Healthy Life Pvt. Ltd, Sugar Watchers is on a mission to reduce the spread of diabetes in India. It delivers its products pan India via its website and other channels.
Commenting on the development, Nandini Mansighka, co-founder and chief executive officer of Mumbai Angels, said,
“With rising awareness and preference for healthy food alternatives, consumers today are squirming for quality and affordable healthy options. India being the diabetic capital of the world, players like Sugar Watchers have an opportunity to tap into this huge need.”
Headquartered in Mumbai, Mumbai Angels Network is a private investment platform for early-stage venture investments. The firm has scouted over 7,500 deals, launched over 50 co-investment partnerships and expanded its investor base across the globe.
The network has one of the strongest portfolios in the country with 200+ companies and 100+ exits. Mumbai Angels has divested from Exotel with 19X returns, AdOnMo with 9X returns, ZingHR with 7x returns, Vahdam Teas (7X), and Goodera (7X).
Follow us and connect with us on Instagram, Facebook, Twitter, and LinkedIn.
Note: If you are a budding entrepreneur and require assistance in startup compliance services, new company registration or other startup related legal services, contact us.