Fitspire, a company that sells vegan health and beauty products, has raised an undisclosed sum of money in a pre-Series A round of financing. Sukhbir Singh, a well-known singer, and the creators of the alternative investment fund LC Nueva were among the investors who spearheaded the funding. The Jaipuria Family Office took part in the investment round as well, with Ruchirans and Anuraag Jaipuria serving as their representatives.
The business stated that it also plans to grow and further its purpose of supporting organic health and wellness, as reported by Entrepreneur.com
“This investment will help us expand our product range and reach global markets, bringing our plant-based products to more people. We are excited to take Fitspire to new heights and positively impact people’s well-being along the way,” said Vipen Jain, founder and CEO, Fitspire.
“The demand from consumers for plant-based protein options is experiencing exponential growth, both in domestic and international markets. The company has meticulously crafted distinctly differentiated products, boasting a high gross margin structure and embracing an omnichannel distribution approach. We take immense pride in joining forces with Fitspire on this journey, as they undertake the ambitious endeavour of creating a product that offers one of the purest forms of protein. With a robust team and visionary founder, we firmly believe that Fitspire is positioned for a sustained presence within the Indian Fitness and Wellness segment,” said Sohil Chand, CIO for LC Nueva.
The apex of wellness innovation is represented by Fitspire, which was formed in 2020 by visionary IIM Lucknow alumnus Vipen Jain and renowned co-founders Nidhi Jain and Hinah Sawhney. Fitspire, which is run by Delhi-based StarCap Wellness Pvt. Ltd., has attracted considerable attention and received pre-seed funding from prestigious Angel Investors.