Startup Funding News: HyugaLife, a health and wellness e-commerce startup, has announced raising funds. The company said that it has raised Rs 100 crore in a Series A funding.
The funding round led by venture capital firm IvyCap Ventures.
HyugaLife said that the funding round also saw participation from First Bridge Fund.
HyugaLife is an e-commerce startup specialising in health, nutrition, and wellness products. HyugaLife was founded in 2022.
HyugaLife said that the funds raised will be used to strengthen the it I-powered personalisation capabilities. Besides, money will also be used for the expansion of its dark store network for faster deliveries.
HyugaLife said that it also has plans to establish an offline retail presence.
HyugaLife claims hat cricketer KL Rahul is one of its key investors.
HyugaLife currently has over 10,000 products from more than 450 brands.
HyugaLife sources directly from brands-eliminating third-party sellers-and conducts independent lab tests for nutrition and heavy metals.
