Ayurveda Brand Gynoveda Raises $10 Million

Mar 15, 2023•almost 3 years ago

Amount Raised

$10 Million

MumbaiHealth Care

Investors

GynovedaFireside VenturesAlteria CapitalDharampal SatyapalRpg VenturesWipro EnterprisesIndia Alternatives Fund

Description

Ayurvedic female-tech brand Gynoveda on Wednesday said it has raised $10 million in a Series A round of funding led by India Alternatives Fund. Other participating investors included Wipro Enterprises, RPG Ventures, Dharampal Satyapal and Alteria Capital.Existing investor Fireside Ventures, which had earlier invested $1 million as seed capital in October 2019, also participated in the round.Gynoveda was founded in 2019 by the husband-wife duo Rachana Gupta and Vishal Gupta alongwith gynecologist Dr. Aarati Patil with an aim to democratise Ayurveda-enabled, curative self-care solutions for gynaecological and lifestyle-related disorders women face from puberty to menopause.“Gynoveda has so far improved the health of 3 lakh women residing in 20,000 pincodes of India. This led to the company tripling its revenue year-on-year between FY20 and FY23 to reach ₹100 crores annual revenue run rate within 3 years of its inception,” co-founder and CEO Vishal Gupta said.The company aims to use the fresh capital to double down on strengthening research and development, formulating new ayurvedic offerings, onboarding talent, expanding distribution channels and increasing brand awareness

Company Information

Company

Gynoveda

Location

Mumbai, Maharashtra, India

About

Gynoveda.com is the world's 1st Ayurveda FemTech, started in 2018 with a vision to combine Content, Technology, Ayurveda medicines ready-to-buy online for women to experience healthy periods, lifelong! Gynoveda, award winner of Times Brand Icon 2021 as India's Leading Ayurvedic Women Healthcare Brand, is headquartered in Mumbai. Husband-wife duo Rachana & Vishal Gupta partnered with a dream to make Ayurveda the world’s first choice for menstrual healthcare & wellness. Because... Over 600 million women, globally silently suffer from menstrual disorders like PCOS, irregular periods, PMS, painful periods, menopause and abnormal white discharge yet they dread visiting a gynaecologist for 3 major reasons: 1. Fear of physical examination or surgery 2. Lack of access to the right gynecologist 3. Social prejudices and anxiety of being judged Imagine this.... Women experience on an average 400 menstrual cycles and 2 pregnancies during her lifespan. Women were born to have healthy periods, lifelong...! But they’re told that period abnormalities like PCOS, period pain, irregular period cycles & flow are necessary evils in life. Universally, the dominant advice is to grin and bear the pain. Women globally are unaware that Ayurveda has the power to treat menstrual abnormalities like irregular periods, PCOS, scanty or heavy flow, vaginal white discharge or itching. Gynoveda founders are on a mission to evangelize Ayurveda for healthy periods and make it the world's 1st choice to solve period problems. In 2019, early-stage investor Fireside Ventures pumped in $1 million to share their vision and help the business grow.

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