India: Fullife Healthcare raises $6.6m from Rakesh Jhunjhunwala, others

Rakesh Jhunjhunwala, Partner, Rare Enterprises, speaks during an interview with Reuters in Mumbai, India November 14, 2017. REUTERS/Shailesh Andrade

Fullife Healthcare Pvt. Ltd, which sells sports nutrition supplements under the brand Fast & Up, has raised about $6.6 million (Rs 50 crore) in a fresh funding round from a clutch of new and exiting investors, per an announcement.

Existing investors Rakesh Jhunjhunwala and consumer-focused venture capital firm Sixth Sense Ventures took part in the financing while Akash Prakash, founder of Singapore-based Amansa Capital, came on board as a new investor.

The startup will use the funding to expand its operations into new markets, including the USA and Europe, and in introducing new product lines, it said in a statement.

“This year, we are going to focus on increasing our product portfolio while catering to the required expanded capacity to cater to growing demand as well,” Fullife co-founder Varun Khanna said.

Founded in 2011, the Mumbai-based company launched Fast&Up in 2015 to offer nutritional supplements for athletes. Its portfolio includes around 20 products which target fitness, immunity and wellness, and are sold offline, as well as online. Fast&Up is  currently in the process of adding a new range of plant-based protein and super greens products to its portfolio.

According to a report in The Economic Times, Fullife has garnered a total of Rs 100 crore in funding to date. It last raised $2 million from Sixth Sense Ventures in 2018.

“Fast&Up is undoubtedly getting it right with their focus on accessible high-quality nutrition products. Nutraceuticals is a sector which as-a-whole has immense scope and Fast&Up has an impressive track record of proven success via their unique business model, being run by a passionate young founding team,” Prakash said.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.