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OneLife raises Rs 5 crore in Pre-Series A Funding

IBEF:  November 20, 2019

Consumer healthcare brand 'Onelife - Live it right', which is owned by Onelife Nutriscience recently has raised Pre-Series A funding of Rs 5 crore (US$ 0.72 million) from a group of High Net worth Individuals (HNIs) from pharmaceuticals & healthcare and chemicals industry.

The funds will be used for geographical expansion, online and offline expansion, marketing and team building, it said in a statement.

"The funds raised will help us strengthen our product range, expand geographies, increase online and offline presence, invest in marketing and brand building and add further talent. We are targeting to achieve three times growth over next 18 months," Onelife Founder Mr. Gaurav Aggarwal said.

The company has around 100 products in the nutrition, wellness and beauty space with its presence in more than 15 cities across West and North India.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.