Nutrabay raises $5 M series a fundraising news
The $5 million Series A fundraising round headed by RPSG Capital Ventures and including participation from Kotak Alternate Asset Managers Limited has been secured by the direct-to-consumer retail brand Nutrabay. This is the company’s first institutional fundraising round; it is situated in Gurugram.
Nutrabay stated in a press statement that the money will be utilised to accelerate the development of new products and expand the omni-channel business.
Divya Prakash Jain, Sharad Jain, and Shreyans Jain co-founded Nutrabay in 2017. It is a direct-to-consumer multi-brand retail store that carries over 100 brands in addition to its private-label goods under the Nutrabay brand. The D2C website, all well-known eCommerce platforms, and physical supplement stores sell the private-label brand items
The goal of Nutrabay is to create a single, expansive horizontal brand that encompasses the three main markets of sports nutrition, VMS, and healthy food and beverages.
The company claims to have more than 70 products in stock and to have grown by 80% in FY24 compared to FY23. By the conclusion of the following fiscal year, it plans to have over fifty new goods in the portfolio.
From a profit of Rs 32.41 lakh in FY22, its losses grew to Rs 5.8 lakh in FY23. As per The Kredible, Nutrabay’s working wage expanded by 4.66 times to Rs 89.53 crore in FY23 from Rs 19.24 crore in FY22.
In the same category as other competitors is Nutrabay; these include HealthKart, Optimum Nutrition, My Protein, and MuscleBlaze.
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| Date | Amount | Round | Investor | Valuation |
| 02/09/2024 | $ 5000000 | Series A | RPSG Capital | Undisclosed |
