Get All Access for $5/mo

Welly Raises $400,000 In Seed Round The funds will be utilized to expand the product portfolio, increase the customer base and grow the team

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

New Delhi-based health and wellness brand, Welly, has raised $400,000 in a Seed round from Anthill Ventures. The funds raised will be utilized by Welly to expand the product portfolio, increase the customer base and grow the team among others.

This round saw participation from Roshan Abbas, prominent angel investor and Allu Sneha Reddy.

"In an increasingly competitive environment, Welly stands out with its excellent product, unique formulations and great unit economics. Furthermore, their focus on the burgeoning sleep science ecosystem sets them as leaders in a massive and relatively untapped market. Anthill is proud to support Welly," said Kabir Kochhar, partner Anthill Ventures.

"We are excited to be the only gummy brand to receive institutional funding within six months from launch. With this round, we plan to grow our team and expand our product offerings within the nutraceutical space. I am proud of what we've achieved in such a short span of time with a small team and only three products. The support from Anthill Ventures will now help us scale exponentially," said Urvi Raghbeer, founder and CEO at Welly.

This category has received a lot of traction lately as health and wellness has become important for consumers post Covid. As per research, The Indian Dietary Supplement market is a $3.9 billion opportunity, with the vitamins and minerals category making up for 40 per cent of it, estimating it at a $1.5 billion market size, said a statement.

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 
Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Leadership

How to Master the Art of Delegation — Lessons From Andrew Carnegie's Legacy

Here's what Andrew Carnegie can teach today's entrepreneurs about leadership, teamwork and effective delegation.

News and Trends

Talent, Digital Infra, Policy, and Startups Driving India's GCC Ecosystem

By leveraging its demographic dividend and evolving policies, India is uniquely positioned to become the preferred choice for global enterprises seeking scalability, resilience, and a future-ready operational base.

Business News

'I'm Not Trying to Land on Mars': Mark Cuban Takes Dig at Elon Musk to Explain Why His Online Pharmacy Isn't Trying to Make More Money

Mark Cuban Cost Plus Drug Co. is an online pharmacy co-founded by Cuban and radiologist Alex Oshmyansky.

News and Trends

Key Cybersecurity Trends to Track as Threats Evolve

India has lost INR 11,333 crore to cyber fraud in just the first nine months of 2024. Nevertheless, with increasing cyber threats and public awareness, companies are taking proactive steps to safeguard their networks and devices

News and Trends

India Moves Towards AI Regulation: IT Minister Highlights Need for Balanced Approach

Union Minister for Electronics and Information Technology, Ashwini Vaishnaw, emphasized the importance of addressing fake news while upholding freedom of speech