Nutraceutical startup Power Gummies has raised $6 Mn in a Series A funding round led by 9Unicorns. Vcats, DSG Consumer Partners, WIPRO Consumers, Sharrp Ventures, and NB Ventures also participated in the round.
Founded in March 2018 by Divij Bajaj, Power Gummies makes many different chewable dietary supplements that supposedly offer different health benefits, including gummies that are supposed to help hair and nail growth.
According to the startup’s claims, its gummies are FSSAI (Food Safety and Standards Authority of India) and FDA (The United States’ Food and Drug Administration) compliant, contain no sugar, gelatin, gluten, pesticides or artificial colour and are 100% vegetarian.
It will utilise the freshly infused capital towards marketing spends, building a larger team and adding more products to its line of dietary supplements.
– Power Gummies makes many different chewable dietary supplements that supposedly offer different health benefits
– The startup will utilise the freshly infused capital towards marketing spends, building a larger team and adding more products
– The global nutraceuticals market size was valued at $417.66 Bn in 2020 and is expected to grow at a CAGR of 8.9% from 2020 to 2028
You can read more here: https://inc42.com/buzz/nutraceutical-startup-power-gummies-bags-6-mn-in-series-a-funding
https://www.sharrpventures.com/events/investment-in-power-gummies/
