Bengaluru-based nutrition and health foods marketplace Cora Health has raised Rs 4.6 crore in seed funding led by angel investors Vishnuraj Kunjur, KRS Jamwal, and Ajay Upadhyaya from Indian Angels Network (IAN).
Tholons Capital, Family Office of Apurva Parekh (Executive Director, Pidilite Industries Limited) and Kushagra Pant (MD, Nomura) also participated in the round. The company had also raised Rs 1.95 crore in a pre-Seeds round earlier this year.
The startup plans to utilize the fresh funds to improve its tech and engineering capabilities that will help in expanding the customer base.
Speaking on the development, Snigdha Kumar, co-founder, Cora Health, said, “Health needs are individualistic, and therefore, at Cora, we are building a guided marketplace with the goal of simplifying healthy living. We are helping customers choose products that suit their dietary preference, lifestyle and health goals. We are adding a new leaf in our journey by building our core team to reach 10 million users in the next three years. We are on track to grow our revenue by 3-4 times by next year. This fundraise will further enable us to achieve our goals in health and nutrition e-commerce.”
The D2C marketplace which offers healthy and nutritious food products from over 100 brands across multiple categories, was launched back in 2020 by Snigdha Kumar and Shriji Venkatesh. The brand was also a part of 100X.VC’s Class 03 portfolio.
The startup is now planning to reach 10 million users in the next 3 years along with revenue growth of 3-4x by next year.
Vijay is an entrepreneurship evangelist & editor at Bizztor, With a aim to empower startup and try to provide them a platform from where they share their stories, collaborate & scale up their businesses. He also writes for Entrepreneur, Forbes, Yourstory and now, Bizztor.