Existing investors including Khosla Ventures, Quiet Capital, and Weekend Fund also backed the company
New York-based venture capital firm Left Lane Capital has led Series A funding round in Direct-to-consumer startup Good Health Company (Clinic). The startup has raised $10 in the recent funding round. Existing investors including Khosla Ventures, Quiet Capital, and Weekend Fund also backed the company.
Good Health Company plans to use the proceeds to introduce more product categories, focus on product innovation and expand the existing team, it said in a statement on Wednesday.
The startup was founded in January 2021 by Samarth Sindhi. It provides solutions for patients with conditions like hair fall, sexual health, and weight loss, among others.
“The global health and wellness industry is a $1.5 trillion market growing steadily at 5-10 per cent annually, with the Indian market contributing to it at an exponentially increasing rate,” said Vinny Pujji, managing partner at Left Lane Capital.
He further added, “Good Health Company’s rapid growth rate these past 18 months is testament that India’s population is hungry for scientifically proven, medical-grade health and wellness products. Their D2C model, in which they offer free health consultations to patients, humbly addresses one of the largest healthcare challenges.”
Earlier to the recent fund raises, the startup had last raised a $5.2 million round led by Khosla Ventures, with participation from Quiet Capital, W Health Ventures, Weekend Fund among other angels. Since its launch, the company said, it has helped over 10 million customers in free consultation, course of treatment, and delivery of products. It has multiple categories, including hair care, skin care, sexual health and weight loss.