D2C health-tech startup Good Health Company (GHC) which is based in Hyderabad has raised USD 10 million in Series A funding led by Left Lane Capital. Existing investors such as Khosla Ventures, Quiet Capital, and Weekend Fund also participated in this round. With a focus on raising awareness about health and wellness, the startup provides a full stack solution for patients with conditions like hair fall, sexual health, and weight loss, amongst others.
In the next few months, the company plans to use the fresh funds to introduce more product categories, focus on product innovation and expand the existing team. Starting its operations in January 2021, GHC initially focused on the personal care market for Men. The founder – Samarth Sindhi, wanted to bridge the gap between unmet demands of skin and hair challenges that men faced. Their male vertical – Mars by GHC provided a full-stack solution for men facing problems like hair fall, sexual health, weight loss, skincare, etc. Following the brand’s success, the company also recently launched Saturn by GHC – a full-stack solution for females.
Commenting on the announcement, Samarth Sindhi, Founder of GHC, said, “Our aim, right from the first day, was to provide a scientifically proven solution to the unmet healthcare care needs of our consumers. In the last few months, we have worked towards expanding the product categories and introducing informative content to raise awareness about men’s self-care needs. We are happy to have achieved our targets and are thrilled by the trust displayed by our investors as we move to the next step of wellness in India.”
“The global health and wellness industry is a $1.5 trillion market growing steadily at 5-10% annually, with the Indian market contributing to it at an exponentially increasing rate. 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. We are honored to be along for the journey and look forward to helping GHC bring quality health products to underserved markets.” says Vinny Pujji, Managing Partner at Left Lane Capital.