The funds will be mainly used to build the tech platform and support accelerated growth for its core business including expanding the recently launched iThrive Academy
Founded in 2019 by Mugdha Pradhan, this Pune-based healthcare start-up helps people reverse chronic lifestyle disorders and rare health conditions using science backed Functional Medicine methodologies. iThrive is affiliated to some of the best Nutrition Institutions such as the Institute of Functional Medicine-USA, Integrative and Functional Nutrition Academy, USA and The Nutrition Society, UK..
Apart from its flagship service of personalised, online 1-1 consulting for treating and reversing lifestyle conditions, iThrive recently launched two new verticals: The iThrive Academy & iThrive Essentials. iThrive shares that it completed a pre-Series A bridge funding of 350k USD amount from a group of investors led by Rajesh Ranavat, Executive Director at Fung Strategic Investments and Neelesh Bhatnagar Managing Director at NB Ventures
The funds will be mainly used to build the tech platform and support accelerated growth for its core business including expanding the recently launched iThrive Academy- a single stop education platform for courses on Health, Wellness and Nutrition & iThrive Essentials- an extensive line of researched, pure and potent supplements to cover nutritional needs of every aspect of life.
The business has shown strong growth with customer numbers increasing by 214% and revenue growing by 271% compared to last year.
Rajesh Ranavat commented that “ iThrive has gained significant traction in the last 12 months and is now well positioned for its next phase of accelerated growth with the launch of the online iThrive Academy and the iThrive Essentials supplements vertical”
Neelesh Bhatnagar added, “in the last two years iThrive has uniquely become a category creator in the Functional Nutrition space in iIndia, and is rapidly growing into becoming India’s No.1 Functional Medicine Ecosystem with consulting services, online academy and supplements vertical. The brand is full of life and opportunities.”
iThrive’s Founder and CEO Mugdha Pradhan shared, “Our vision To create healthier, happier, lifestyle-disease free communities across the world every single day. I love how we are reversing and curing chronic illnesses with a combination of science backed Functional Medicine guidelines while harnessing ancient wisdom from traditional medical systems and creating an entire community of health warriors. Also, one of our biggest differentiators is that we are able to create permanent and sustainable changes for our clients thanks to our 5-star rated coaches who go deep into creating mental frameworks that rewire both conscious and subconscious unhealthy patterns and trigger permanent behavioral changes towards good health for our clients. I look forward to accelerated growth for iThrive and scaling all three verticals using technology with the infusion of funds from this bridge round.
Source: Business World
