HomeInsightFUNDING NEWS- Newly Funded Startups 2024 Goodveda Plans to Raise $1 Mn to Fund Growth Plans

[Funding News] Goodveda Plans to Raise $1 Mn to Fund Growth Plans

Goodveda, a direct-to-consumer (D2C) venture that provides a variety of wellness programs, ayurvedic remedies, supplements, and snacks, anticipates a substantial increase in revenue and customer base, which will be facilitated by the desire for healthy and convenient snack options.

Additionally, Goodveda intends to raise USD one million this year to finance its expansion plans, he stated.

Abhishek Gaggneja, the founder and CEO of Goodveda, stated that the company is presently earning Rs 1.9 crore in revenue and anticipates a turnover of Rs 12 crore in the current fiscal year.

Goodveda’s monthly revenue increased to Rs 87.8 lakh in July of this year, and it presently has a user base of over 20,000. It generated Rs 1.74 crore in revenue during the June quarter.

Read also – Top 10 Funding Wrap of the Week – August 19 – August 23, 2024

Gaggneja informed PTI that the organization’s objective is to establish itself as a prominent nutritional food brand in India by broadening its product line and distribution network.

At present, the D2C brand offers 12 SKUs that are primarily targeted at the treatment of diabetes, obesity, liver health, and cardiac disease.

About Goodveda

Founded in 2023 by Abhishek Gaggneja, GoodVeda, is where ancient Ayurvedic wisdom meets modern science.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.

Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.

Team VS

RELATED ARTICLES
- Advertisment -

Most Popular

- Advertisment -

Also Read

- Advertisment -