About Growthwell
Growthwell is a Consumer company based in Singapore (Singapore) founded in 2019 by Justin Chou Zhi Qi. Plant-based protein alternatives and ready-to-eat dishes are developed in Singapore. Growthwell has raised $30 million across 2 funding rounds from investors including Temasek, Brandify and DSG Consumer Partners. Growthwell offers products and services including HAPPIEE!, EPIC’C™, and Growthwell Food Services. Its focus areas include Food and Agriculture Tech, Food Tech, Novel Foods and Food Products. Its legal entity is GROWTHWELL GROUP PRIVATE LIMITED. Its competitors include Next Gen Foods, Fattastic Technologies and Shandi Global; 2 of its 3 listed competitors have raised funding.
Company details
Growthwell was established in 2019 in Singapore as a developer in the plant-based food sector. Various products are offered, including Chickp as a protein alternative, Gomama for ready-to-eat meals, and Okk for egg-free sauces. Private label development services are provided to support customized food solutions. Operations focus on sustainable, plant-derived options within the alternative protein industry.
- Headquarters Singapore, Singapore
- Founders Justin Chou Zhi Qi
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website growthwellfoods.com
- Social LinkedIn Facebook Instagram
- Legal Name Growthwell Group Private Limited
- Annual Revenue$8 M (USD)72as on Dec 31, 2022
- Net Profit-$20.61 M (USD)-345as on Dec 31, 2022
- EBITDA-$19.52 M (USD)-366as on Dec 31, 2022
- Total Equity Funding$30M (USD)
in 2 rounds
- Latest Funding Round$22M (USD), Series A
Sep 2021
- InvestorsTemasek
& 8 more
Products & Services of Growthwell
Growthwell offers a comprehensive portfolio of products and services, including HAPPIEE!, EPIC’C™, and Growthwell Food Services.
Provides plant-based alternatives for meat and seafood in Southeast Asia.
Offers nutritionally superior alternative proteins for daily consumption.
Supplies inventive plant-based ingredients for businesses and chefs.
Funding Insights of Growthwell
Growthwell has successfully raised a total of $30M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $22 million completed in September 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $30M
- Total Rounds 2
- Last Round Series A — $22M
- First Round $8M
(Apr 2020)
- Investors Count 9
All 2 funding rounds of Growthwell with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
9 investors in total: 8 institutional and 1 angel.
Investors in Growthwell
Growthwell has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Temasek, Brandify and DSG Consumer Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investing in and supporting insurgent consumer brands in India and Southeast Asia. | dsgcp.com | |||
Tech and offline sectors are invested in globally by Creadev. | creadev.com | Paris, France | ||
An investment platform is provided for diverse sectors and geographies. | 1974 | temasek.com.sg | Singapore, Singapore | |
Venture capital is invested in cybersecurity, fintech, and AI startups. | ggvc.com | Menlo Park, United States | ||
Venture debt firm focused on multiple sectors | irisvc.co | Kuala Lumpur, Malaysia | ||
Venture capital services and app-based platform requiring JavaScript. | insignia.vc | |||
Venture capital investments are made in early-stage global companies. | genesisventures.vc | Santiago, Chile | ||
Location-based digital marketing tools are offered for multi-location brands. | 2008 | brandify.com | Anaheim, United States | |
KB Koh Boon Hwee | Singaporean investor, ex-SingTel chairman, active in Indian startups | unknown_3a305fbc09354f5db |
Investor details for Growthwell
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Growthwell
3 people are tracked at Growthwell (3 in leadership).
| Name | Role | Group |
|---|---|---|
Justin Chou Zhi Qi | Founder & Executive Director | Leadership |
Tommy Lai | Vice President Of Operations & Supply Chain | Leadership |
H'Ng S. | Chief Supply Chain Officer | Leadership |
Complete people profiles for Growthwell
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Timeline of Growthwell
3 dated milestones of Growthwell across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Growthwell is founded.
- Funding First funding round of $8.0M.
- Funding Latest funding round, Series A, of $22.0M.
Competitors of Growthwell
Growthwell has 3 listed competitors in our database, 2 of them funded. They include Next Gen Foods, Fattastic Technologies and Shandi Global.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nextgenfoods.sg | 2020 | Singapore | $132.2M | Plant-based meat alternatives are developed to mimic animal products. | ||
| fattastic.tech | 2022 | Singapore | Plant-based meat alternatives are produced using fermentation technology. | |||
| shandiglobal.com | 2018 | Singapore | $700,000 | Plant-based chicken alternatives are offered through Shandi Global's platform. |
Detailed competitors of Growthwell
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Related news about Growthwell
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Frequently Asked Questions about Growthwell
Growthwell was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Growthwell is headquartered in Singapore, Singapore.
Growthwell is a funded company, having raised a total of $30M across 2 funding rounds to date. The company's 1st funding round was a Series A of $8M, raised on Apr 2020.
Annual revenue of Growthwell is $8M as on Dec 31, 2022.
Growthwell was established in 2019 in Singapore as a developer in the plant-based food sector. Various products are offered, including Chickp as a protein alternative, Gomama for ready-to-eat meals, and Okk for egg-free sauces. Private label development services are provided to support customized food solutions. Operations focus on sustainable, plant-derived options within the alternative protein industry.
Growthwell's top competitors include Next Gen Foods, Shandi Global and Fattastic Technologies.
Growthwell offers HAPPIEE!, EPIC’C™, and Growthwell Food Services.
Growthwell has 9 investors. Key investors include Temasek, Brandify, DSG Consumer Partners, CreaDev, and GGV Capital.
Growthwell operates through Growthwell Group Private Limited.