Fullife Healthcare, the parent company of Fast&Up, a brand that caters to the nutritional supplements for athletes, on Thursday raised Rs 50 crore in a funding round from new and existing investors. They have brought on board Singapore-based Amansa Capital as a new investor. Including the latest round, the Rakesh Jhunjhunwala-backed company has raised an estimated Rs 100 crore so far and Existing investors including Jhunjhunwala and Sixth Sense Ventures also participated. Mumbai-based Fullife Healthcare was founded in 2011.
Fulllife will use the funds to expand its presence and ramp up its product portfolio, as reported by ET. In 2018, the company had raised around Rs 15 crore (~$2 million) from Sixth Sense Ventures, and around Rs 30 crore (~$4 million) from Jhunjhunwala. Fullife Healthcare launched Fast&Up in 2015 to offer nutritional supplements for athletes. Its portfolio includes around 20 products which target fitness, immunity and wellness. The company sells their products both online and offline. They recently launched an app for customers to access their products with ease.
The company has two plants in Maharashtra and Himachal Pradesh. Apart from its home market, the company has also launched Fast&Up in the United Arab Emirates, Europe and the UK, and expects to launch in the United States over the next few months.
“I am a firm believer in partnering with brands which are future-proof and show vast potential for growth. 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,” Prakash said to ET
Prakash, who is the CEO of Amansa Capital, served as director of investments, India, for Temasek, the investment company backed by the Singapore government. He had also spent six years at GIC, the sovereign wealth fund of the island nation, as a portfolio manager, focused on US, Pan-Asian and Indian investment portfolios.
Fast&Up had recently introduced their ‘Terra’ range of products which comprises of Plant Protein and Active Greens.