How Wellversed Achieved 2x Revenue Growth in 1 Year?
₹6.5 Cr+
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Wellversed
Wellversed operates a diverse range of nutrition brands, including Sportfit, Rimoy Naturals and Ketofy, striving to enhance human wellness through transparency and sustainability. Positioned as a consumer brand roll-up aggregator, it aims to empower individuals to achieve better health by bringing together digital-first wellness brands.
Challenge
Wellversed operates a diverse range of nutrition brands, including Sportfit, Rimoy Naturals and Ketofy, striving to enhance human wellness through transparency and sustainability. Positioned as a consumer brand roll-up aggregator, it aims to empower individuals to achieve better health by bringing together digital-first wellness brands.
Solution
Wellversed addressed its financial needs by consulting a Recur Club capital consultant, completing due diligence for a 12-month capital roadmap in just 4 days, and got successfully onboarded in August 2022. They raised a total of ₹13.85 crores across 7 tranches since, enabling systematic utilization for their expansion. This approach allowed Wellversed to effectively allocate resources and progress towards its growth objectives.
Results
Wellversed achieved notable results through stocking up its inventory and boosting its sales, leading to a significant revenue growth of 184% to ₹36 crores in 2023. The company was able to delay its fundraising rounds, eventually securing funding at a higher valuation as a result of the company's enhanced market position and investor confidence.
Quote
“Wellversed achieved notable results through stocking up its inventory and boosting its sales, leading to a significant revenue growth of 184% to ₹36 crores in 2023. The company was able to delay its fundraising rounds, eventually securing funding at a higher valuation as a result of the company's enhanced market position and investor confidence.”
