Zingavita secures funds to venture into the Ayurveda wellness domain
17-Jan-24 04:56:17

Zingavita, a health and wellness startup, has successfully raised Rs 10 crore in a Pre-series A funding round led by Anicut Capital. This injection of funds is set to propel Zingavita into the Premium Ayurvedic Supplement space through new product development with a focus on targeted nutrition. 

The round has garnered support from prominent investors in the Pharma and FMCG sectors, including Venkat Krishnan, Puru Gupta, Vishesh Chandiok, Nikhil Bhandarkar, and other seasoned angel investors.

Dheeraj Nagpal’s recent appointment as a co-founder at Zingavita signals a strategic move for the company, and the infusion of funds will play a pivotal role in its growth and marketing initiatives. The startup aims to maintain its commitment to producing products free from harmful additives such as sugar, preservatives, artificial colors, and flavors. This emphasis on transparency, innovation, and efficacy is central to Zingavita’s mission.

Ashvin Chadha, Co-Founder and CEO of Anicut Capital, expressed confidence in Zingavita’s potential impact on the industry, stating, “We deeply believe in Zingavita’s ability to bring a revolution in the industry, given their differentiated offerings and strategic approach towards addressing the growing nutraceuticals market. Their strong commitment to quality and clean nutrition, along with a sharp focus on the Indian market’s unique needs, makes them an exceptional partner.”

SOURCE & CREDIT: STARTUP STORY