The Health Company is a Gurugram based startup that raised $350,000, in its first institutional round. The round includes investment from marquee investors from Venture Catalysts, Kushal Bhagia as part of First Cheque, 9Unicorns, Beardo founders – Ashutosh Valani and Priyank Shah, Amit Waiker, Vaibhav Karnavat, and Udtara Ventures.
The company says, in a statement, the investment funds would be allocated in its goals to further help users lose weight and better manage their lifestyle conditions like diabetes, thyroid, and PCOD.
Speaking about the development, Co-founder of The Healthy Company, Ackshay Jain said, “The incubation at Huddle has been a perfect fit culturally for our lean team comprising young graduates aged between 21-23 with an entrepreneurial bent of mind and the perseverance to execute our vision to maximize the average human lifespan through personalized health”.
He added, “As engineering undergraduates, we invested in R&D to create proprietary blends and recipes in the form of tasty convenient foods such as our Lean Bar & the Lean Green Tea and leveraged our background in artificial intelligence to develop EVA eCommerce platform, all in-house as an effective bootstrapped team with razor-sharp focus.”
It was founded in 2018 by Devansh Jain Nawal and Ackshay Jain, and backed and accelerated by Gurgaon-based Huddle, the venture claims to have helped customers across India lose over 1,20,000 kilos naturally with over 94 percent success rate in healthy reduction of Body Mass Index (BMI) and immensely improved the quality of life.