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OneLife – Live it right raises Pre-Series A funding of Rs 50 mn from HNIs
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Our Bureau, Mumbai
November 21 , 2019
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Onelife Nutriscience Pvt. Ltd. (”Onelife”), which owns the consumer healthcare brand “Onelife – Live it right,” has raised Pre-Series A funding of Rs 50 million from a group of HNIs from pharma / healthcare & chemicals industry.
Onelife has over 100 products in the nutrition, wellness and beauty space with presence in more than 15 cities across West and North India. Onelife is geared up for its next level of growth post this round of capital. It will leverage the infused funds for geographical expansion, online & offline expansion, marketing and team building.
The company is founded by Gaurav Aggarwal who has over 20 years of experience in the nutrition industry. Hailing from a family who has been one of the leading producers of Vitamin B3 in the world, this is a natural progression for Gaurav to leverage his extensive experience and network to develop a promising B2C Healthcare Brand.
Commenting on the capital raised, Gaurav Aggarwal, founder, Onelife, said, “We are very happy to have experienced an early acceptance of our products from the customers at a time when the nutraceuticals industry is looking at an exponential growth. The funds raised will help us strengthen our product range, expand geographies, increase online & offline presence, invest in marketing & brand building and add further talent. We are targeting to achieve 3x growth over next 18 months from our current levels.”
Mumbai based Nyuleaf Advisors were the exclusive advisors on this transaction.
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