The new funds invested will be used to expand Online marketing , Offline Modern trades in India and Export to Western Globe ( US Markets).
Delhi based health wellness brand ‘Fitspire – Aspire to Fitness’, which provides access to various health wellness products in Nutritional side , has announced its 2nd round of funding through various angels in India and abroad in a FDI round by ( Amit Jain- Group CEO -Global Equity London , Jay Zukani – Ban Labs , Mohak Goel- Sheel Oils , Simmarpal Singh , Narendar Pal Singh , Amit Hooja , Siddharth – IDFC and Mukund Kela . According to Fitspire statement, the new funds invested will be used to expand Online marketing , Offline Modern trades in India and Export to Western Globe ( US Markets).
Growing awareness about animal health and cruelty in the food industry has been encouraging people to shift from animal-based food products to plant-based food products. This thing has inspired Fitspire to become India’s first focused vegan and vegetarian health wellness brand. Its formulations are manufactured in GMP & ISO certified facilities. Established in 2020 by Vipen Jain who is IIM Lucknow Alumni along with his wife Nidhi Jain led Fitspire supervised the nation by allotting nutritious, fortified and highest quality products that attain international safety values and tested in accordance with FSSAI standards.
Fitspire offers amalgamate cutting-edge modern research in progressive ingredients and ancient Indian knowledge of traditional herbs to create a gold standard products range of Sports Wellness , Health Wellness , Kids Wellness and Personal Wellness focusing on overall nutritional deficiency and Immunity of Human Being.
We are very excited to have Industry Specialist as our investors and partners. Learning from their professional and fitness journeys and access to the networks they command will certainly help us take the Fitspire to greater heights.” Vipen Jain, Founder & CEO Fitspire, added- If something stands between you and your health, aspire towards health and wellbeing. Never be denied towards it. I feel an endless requirement of people, to improve, to evolve, not only to look easy on the eyes, but to feel satisfied and fit within. Growing consumer demand in vegan and vegetarian health supplements in recent past has led Fitspire to expand its business over the forecast period. Fitspire has been witnessing key developments in terms of product innovation and portfolio expansion over the past few months.
Being Women centric and working on Made In India theme , In Covid times , the company claimed to have acquired around 500+ women influencers, 100+ trainers , 250+ fitness enthusiast to help people traine better on Onilne space .Our approach has helped us achieve astounding growth rates over months. We hope to make a difference in lives of many says Nidhi Jain- Co-Founder & Director -Fitspire .
“We plan to go very aggressive on Ecom and Modern trades , we saw a good customer repeat ratio of our products which make us more confident in expanding nationally and globally ”- says Hinah Sawhney – Director – Fitspire.
According to reports, the total retail market for health and wellness as a category is valued at Rs 4,579 crore, growing at 16–18 percent and estimated to cross Rs 7,000 crore by the end of this year. Moreover, modern retail is estimated at 28 percent of this total market and is expected to grow by 22–27 percent. It is being discussed widely that preventive healthcare is the need of the hour and fitness is the primary driver. The Indian fitness market is at an inflection point, primed to scale up to $7 Bn by 2022.
The global vegan food market size was valued at USD 12.69 billion in 2018 and will expand at a CAGR of 9.6% from 2019 to 2025.According to The Vegan Society, from the year 2017 the meat-free food demand grew by 987%. The product is googled three times more than non-vegetarian or gluten free diets.
This implies the rapidly growing popularity of vegan and vegetarian products across the globe. Rising awareness about various health benefits offered by vegan and vegetarian food products has increased the consumer base of this industry. They maintain blood pressure levels and lower the risk of heart disease, cholesterol, stroke, cancer, infertility, stress and premature death. Increasing awareness about vegan supplements and its benefits are the key factors responsible for the growth of this market. North America, Europe, and Asia have a large percentage of vegan population.
Source: Business World
