Marque Angel Investors Pick Up Stake In Wellbeing Nutrition
Published on 26th Sept, 2020 | 1 min read
MUMBAI: Wellbeing Nutrition, a startup founded by Mumbai based Avnish Chhabria, has raised angel funding from marquee investors to scale up operations in the fast growing startup. The investors include Ashutosh Valani and Priyank Shah, the co-founders of Beardo, who had recently sold their company to Marico, family office of Nikhil Gandhi, TikTok India CEO, and well known angel investors Harsh Vardhan Bhandari and Jeenendra Bhandari. “The investors have bought a minority stake in the startup. The funds would be utilised to launch new products, scale up its existing product volumes and to acquire talent,” said a person aware of the development. A spokesperson for Gandhi Investments Pvt. Ltd, the family office of the TikTok India head, responding to an ET query said, “We refrain from divulging any details on our family investments. You may connect with Wellbeing Nutrition for more details. But we can confirm we have made the investment.” The investment comes at a time when many well known angel investors are looking at trends amidst Covid pandemic.
