About Wellness Forever
Wellness Forever is a company based in Mumbai (India) founded in 2008 by Mohan Ganpat Chavan, Gulshan Haresh Bakhtiani, and Ashraf Mohammed Biran.. Wellness Forever has raised $58.12 million across 7 funding rounds from investors including Serum Institute of India, Allana and ACG Group. The company has 11 employees as of January 30, 2025.
- Headquarter Mumbai, India
- Employees 11 as on 30 Jan, 2025
- Founders Mohan Ganpat Chavan, Gulshan Haresh Bakhtiani, Ashraf Mohammed Biran
- Stage Minicorn
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Wellness Forever Healthtech Private Limited
- Date of Incorporation 23 Jul, 2021
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$6.18 M (USD)29.56as on Mar 31, 2024
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Net Profit
$-1.65 M (USD)-1.62as on Mar 31, 2024
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EBITDA
$-745.79 K (USD)21.79as on Mar 31, 2024
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Total Equity Funding
$58.12 M (USD)
in 7 rounds
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Latest Funding Round
$18.27 M (USD), Series B
Nov 15, 2022
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Investors
Serum Institute of India
& 85 more
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Employee Count
11
as on Jan 30, 2025
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Funding Insights of Wellness Forever
Wellness Forever has successfully raised a total of $58.12M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $18.27 million completed in November 2022. 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 Total Funding
- Total Rounds 7
- Last Round Series B — $18.3M
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First Round
First Round
(10 Sep 2014)
- Investors Count 86
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series B - Wellness Forever | Valuation | Serum Institute of India | |
| Aug, 2020 | Amount | Series B - Wellness Forever | Valuation | Allana , Rising Sun Holdings | |
| May, 2019 | Amount | Series A - Wellness Forever | Valuation | Rising Sun Holdings |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wellness Forever
Wellness Forever has secured backing from 86 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Serum Institute of India, Allana and ACG Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment management and wealth services for family offices in India.
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Founded Year | Domain | Location | |
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Electronic valves, tubes, and components are manufactured by the company.
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Founded Year | Domain | Location | |
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Venture capital investments in technology, consumer, and fintech platforms across India and beyond.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wellness Forever
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Wellness Forever
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wellness Forever Comparisons
Competitors of Wellness Forever
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Wellness Forever
When was Wellness Forever founded?
Wellness Forever was founded in 2008 and raised its 1st funding round 6 years after it was founded.
Where is Wellness Forever located?
Wellness Forever is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Wellness Forever?
Yogesh Yadav is the current CEO of Wellness Forever.
Is Wellness Forever a funded company?
Wellness Forever is a funded company, having raised a total of $58.12M across 7 funding rounds to date. The company's 1st funding round was a Series A of $7.91M, raised on Sep 10, 2014.
How many employees does Wellness Forever have?
As of Jan 30, 2025, the latest employee count at Wellness Forever is 11.
What is the annual revenue of Wellness Forever?
Annual revenue of Wellness Forever is $6.18M as on Mar 31, 2024.
What does Wellness Forever do?
Wellness Forever was established in 2008 in Mumbai, India, as a chain of pharmacies within the retail sector. A range of pharmaceutical, nutraceutical, lifestyle, and wellness products is offered, including medicines, personal care items, and pets and baby care essentials. Operations are conducted through an omnichannel and hyperlocal retail network to serve customer needs across the region.
Who are Wellness Forever's investors?
Wellness Forever has 86 investors. Key investors include Serum Institute of India, Allana, ACG Group, RAAY Global Investments, and Pivot Ventures.
What is Wellness Forever's valuation?
The valuation of Wellness Forever is $211.07M as of Nov 2022.