Mumbai-based startup Onelife Nutriscience (”Onelife”) which deals in nutrition and wellness space, has raised Rs 50 million in Pre-Series A funding round from a group of HNIs from Pharma / Healthcare & Chemicals Industry.
The company, founded in 2015 by Gaurav Aggarwal who has over 20 years of experience in the Nutrition Industry, would use the fund for geographical expansion, online & offline expansion, marketing and team building.
Responding to the development, Gaurav Aggarwal, Founder, OneLife, said, “We are very happy to have experienced an early acceptance of our products from the customers at a time when the nutraceuticals industry is looking at exponential growth. The funds raised will help us strengthen our product range, expand geographies, increase online and offline presence, invest in marketing and brand building, and add further talent. We are targeting 3x growth over the next 18 months.”
The startup having a presence in more than 15 cities across west and north India, deals owns the consumer healthcare brand Onelife – Live it right, has over 100 products in the nutrition, wellness, and beauty space.