About Wellness Forever
Wellness Forever is a Healthcare company based in Mumbai (India) founded in 2008 by Mohan Ganpat Chavan, Gulshan Haresh Bakhtiani, and Ashraf Mohammed Biran. It operates as a healthcare and wellness products are distributed via pharmacy chains. 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. Wellness Forever was last valued at $211.07 million in November 2022. Its chief executive is Yogesh Yadav. Its website wellnessforever.com draws about 481 thousand monthly visits. Its Indian entity Wellness Forever Healthtech Private Limited reported revenue of ₹11.81 Cr. Its focus areas include Pharmacies and Diversified.
Company details
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.
- Headquarters Mumbai, India
- Employees 11
- Founders Mohan Ganpat Chavan, Gulshan Haresh Bakhtiani, Ashraf Mohammed Biran
- Stage Minicorn
- SectorsHealthcare
- Website category Finance · Investing
- Email••••••••
- Phone•••• ••••
- Website wellnessforever.com
- Social LinkedIn X Facebook
- Legal Name Wellness Forever Healthtech Private Limited
- Date of Incorporation 23 Jul, 2021
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹11.81 Cr
FY 2025 · -78% YoY
- Net Loss-₹9.54 Cr
FY 2025 · -81% margin
- EBITDA-₹1.67 Cr
FY 2025 · -14% margin
- Total Equity Funding$58.12M (USD)
in 7 rounds
- Latest Funding Round$18.27M (USD), Series B
Nov 2022
- InvestorsSerum Institute of India
& 85 more
- Employee Count11
Associated legal entities of Wellness Forever
Wellness Forever operates through Wellness Forever Healthtech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Wellness Forever Healthtech Private Limited CIN U52311MH2021PTC364475 | Active | 23 Jul 2021 | Mumbai, Maharashtra | ₹11.8 Cr | 11 | 5 | View details |
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 $58.12M
- Total Rounds 7
- Last Round Series B — $18.27M
- First Round $4.27M
(Sep 2014)
- Investors Count 86
All 7 funding rounds of Wellness Forever with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2022 | $18.27M | Series B | $211.07M | Serum Institute of India | |
| Aug 2020 | $17.5M | Series B | $207.82M | Allana, Rising Sun Holdings | |
| May 2019 | $7.91M | Series A | $••••• | Rising Sun Holdings | – |
| Nov 2017 | $2.67M | Series A | $••••• | Serum Institute of India | |
| Jun 2016 | $7.29M | Series A | $••••• | Serum Institute of India | |
| Apr 2015 | $208,360 | Series A | $••••• | Laxmi Investments | |
| Sep 2014 | $4.27M | Series A | $••••• | RS Estate Agents, Ahmed Ali Nalwala |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2022 | $211.07M | •••••••• |
| Aug 2020 | $207.82M | •••••••• |
| May 2019 | $••••• | •••••••• |
| Nov 2017 | $••••• | •••••••• |
| Jun 2016 | $••••• | •••••••• |
| Apr 2015 | $••••• | •••••••• |
| Sep 2014 | $••••• | •••••••• |
Full valuation and stage history of Wellness Forever
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $211.07M (Nov 2022). 86 investors in total: 19 institutional and 67 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment management and wealth services for family offices in India. | 2002 | raayinvestments.com | Mumbai, India | |
Electronic valves, tubes, and components are manufactured by the company. | – | photophonecomel.tcc.mode | Mumbai, India | |
Venture capital investments in technology, consumer, and fintech platforms across India and beyond. | 2020 | pivotventures.in | Mumbai, India | |
Vaccines and immuno-biological drugs for infectious diseases are manufactured. | 1966 | seruminstitute.com | Pune, India | |
Food processing, export of agro commodities, and production of branded products in India. | 1865 | allana.com | Mumbai, India | |
A private investment group focused on funding tech start-ups. | 2001 | rshinc.com | New York, United States | |
Phoenicia Maritime Shipping Services is engaged in ship management and maritime consultancy. | 2004 | phoenicia-group.com | Aqaba, Jordan | |
- | – | riddhhymictechnologies.tcc.mode | - | |
- | – | laxmiinvestment.tcc.mode | - | |
Manufacturer & supplier of solid dosage products, pharmaceutical machinery and equipment, and packaging solutions | 1961 | acg-world.com | Mumbai, India |
Investor details for Wellness Forever
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Wellness Forever Healthtech Private Limited (Wellness Forever)
Wellness Forever Healthtech Private Limited is the primary company behind Wellness Forever. The board of Wellness Forever Healthtech Private Limited currently have 4 directors; the longest-serving is Mohan Ganpat Chavan, appointed in 2021. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mohan Ganpat Chavan DIN 00249979 | Director | 23 Jul 2021 | 5 yrs 2 mo | Wellness Forever Healthtech Private Limited |
| Gulshan Haresh Bakhtiani DIN 00172374 | Director | 23 Jul 2021 | 5 yrs 2 mo | Wellness Forever Healthtech Private Limited |
| Ashraf Mohammed Biran DIN 01716606 | Director | 23 Jul 2021 | 5 yrs 2 mo | Wellness Forever Healthtech Private Limited |
| Jistion John Joseph DIN 03088953 | Company Secretary | 16 Dec 2024 | 1 yr 9 mo | Wellness Forever Healthtech Private Limited |
People of Wellness Forever
4 people are tracked at Wellness Forever (4 in leadership); the tracked headcount is 11.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder & Owner | Leadership | |
Yogesh Yadav | CEO | Leadership |
Complete people profiles for Wellness Forever
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Wellness Forever
Figures of Wellness Forever Healthtech Private Limited, the primary company behind Wellness Forever, for FY 2025. Revenue was ₹11.81 Cr (-78% year on year). Net loss was -₹9.54 Cr (-81% margin). EBITDA was -₹1.67 Cr (-14% margin). Revenue has grown at a compounded annual rate of -15% over three years.
- ₹11.81 CrRevenue · FY 2025 · -78% YoY
- -₹9.54 CrNet loss · -81% margin
- -₹1.67 CrEBITDA · -14% margin
- ₹1 LakhPaid-up capital
- 11Employees (provident fund records)
- -15%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Wellness Forever Healthtech Private Limited are on its company page.
Detailed financial statements for Wellness Forever
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Wellness Forever
4 dated milestones of Wellness Forever across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Wellness Forever is founded.
- Funding First funding round of $4.3M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $18.3M.
Web traffic of Wellness Forever
The website of Wellness Forever (wellnessforever.com) receives about 480.8K visits a month and ranks #74,529 among all websites worldwide, #4,699 in Investing.
- Monthly visits480.8K
▲ 0.6% vs previous month
- Unique visitors267.9K
per month
- Global rank#74,529
among all websites
- Category rank#4,699
Finance · Investing
- Bounce rate48%
- Pages per visit5.8
- Average visit3 min 08 sec
- DevicesDesktop 13% · Mobile 87%
Websites whose visitors overlap most with Wellness Forever. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| truemeds.in | 100% | 5.5M | #12,844 | View details | |
| supertails.com | 95% | 1.4M | #47,713 | View details | |
sheopals.com | sheopals.com | 94% | – | #1,194,639 | – |
| zeno.health | 93% | 69.1K | #270,027 | View details | |
| eris.co.in | 93% | 35.5K | #776,236 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 30 similar websites and full traffic analytics for Wellness Forever
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 30 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Pharmaceuticals & Distribution
10 companies that operate in the same segment as Wellness Forever (Pharmaceuticals & Distribution), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Pharmaceutical products are manufactured and marketed worldwide. | 1891 | Kenilworth, Warwickshire, United Kingdom | – | USD 64.93 B | 781 | |
Therapeutics for neurology, oncology, rare, and endocrinology diseases are developed. | 2014 | New York, New York, United States | USD 1.3 B | USD 8.26 M | 750 | |
Developer of pharmaceutical products for treating multiple diseases | 1980 | Thousand Oaks, California, United States | – | USD 33.23 B | 28,000 | |
Biopharmaceutical research and drug development are conducted globally by AbbVie. | 2012 | Chicago, Illinois, United States | – | USD 61.16 B | 55,000 | |
Traditional pharmaceutical medicines are developed for multiple health fields. | 1876 | United States | – | USD 65.18 B | 47,000 | |
Developer of medicines to treat HIV/AIDS, liver diseases, cancer & others | 1987 | Foster City, California, United States | – | USD 29.45 B | 17,600 | |
Novel therapeutics are discovered using an AI-enabled drug platform. | 2013 | New York, New York, United States | USD 456.66 M | USD 74.68 M | – | |
Treatments for anemia and fibrosis by exploiting connective tissue growth factor (CTGF) and hypoxia-inducible factor (HIF) biology. | 1993 | San Francisco, California, United States | USD 215.5 M | USD 29.62 M | 225 | |
Developer of medical devices, generic pharmaceuticals, and nutrition products | 1888 | Libertyville, Illinois, United States | – | USD 44.33 B | 3,710 | |
Medicines and health products are retailed through pharmacy outlets. | 2006 | Hyderabad, Telangana, India | USD 268.78 M | USD 734.57 M | 25,010 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Wellness Forever
Complete news archive for Wellness Forever
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Wellness Forever
Wellness Forever was founded in 2008 and raised its 1st funding round 6 years after it was founded.
Wellness Forever is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Yogesh Yadav is the current CEO of Wellness Forever.
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 $4.27M, raised on Sep 2014.
Wellness Forever has 11 employees.
The primary company behind Wellness Forever, Wellness Forever Healthtech Private Limited, reported revenue of ₹11.81 Cr for FY 2025, down 78% year on year.
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.
Wellness Forever has 86 investors. Key investors include Serum Institute of India, Allana, ACG Group, RAAY Global Investments, and Pivot Ventures.
The valuation of Wellness Forever is $211.07M as of Nov 2022.
Wellness Forever operates through Wellness Forever Healthtech Private Limited.
The legal entities of Wellness Forever currently have 5 directors, including Jistion John Joseph, Mohan Ganpat Chavan, Gulshan Haresh Bakhtiani and others.
The website of Wellness Forever receives about 481 thousand visits a month and ranks #74,529 among all websites worldwide.