About Wellversed
Wellversed is a company based in Gurugram (India) founded in 2018 by Ripunjay Chachan, Aditya Seth, and Aanan Khurma.. Wellversed has raised $1.84 million across 5 funding rounds from investors including Angel List, Klub and Wellfound. The company has 108 employees as of March 31, 2024. Wellversed operates in a competitive market with competitors including Swiggy, Bigbasket, Blinkit, Dunzo and Otipy, among others.
- Headquarter Gurugram, India
- Employees 108 as on 31 Mar, 2024
- Founders Ripunjay Chachan, Aditya Seth, Aanan Khurma
- Stage Minicorn
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Sectors
Retail
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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 Wellversed Health Private Limited
- Date of Incorporation 10 Aug, 2017
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$4.11 M (USD)179.45as on Mar 31, 2023
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Net Profit
$-985.96 K (USD)-60.27as on Mar 31, 2023
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EBITDA
$-1.38 M (USD)-118.63as on Mar 31, 2023
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Total Equity Funding
$1.84 M (USD)
in 5 rounds
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Latest Funding Round
$1.49 M (USD), Seed
Sep 22, 2021
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Investors
Angel List
& 35 more
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Employee Count
108
as on Mar 31, 2024
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Funding Insights of Wellversed
Wellversed has successfully raised a total of $1.84M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $1.49 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 Total Funding
- Total Rounds 5
- Last Round Seed — $1.5M
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First Round
First Round
(21 Dec 2018)
- Investors Count 36
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Seed - Wellversed | Valuation | Jubilant FoodWorks | |
| Aug, 2020 | Amount | Seed - Wellversed | Valuation | Yuvraj Singh , Ramchandran Srinivasan | |
| Sep, 2019 | Amount | Seed - Wellversed | Valuation | Unicorn Infinity |
| 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 Wellversed
Wellversed has secured backing from 36 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Angel List, Klub and Wellfound. 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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Early stage venture capital investments are provided by Huddle Ventures.
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Founded Year | Domain | Location | |
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Operator of restaurant franchise
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Founded Year | Domain | Location | |
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Full-service corporate advisory firm
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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 Wellversed
| 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 - Wellversed
| 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 |
Wellversed Comparisons
Competitors of Wellversed
Wellversed operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Swiggy, Bigbasket, Blinkit, Dunzo and Otipy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Food and grocery items are ordered via an online network.
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| domain | founded_year | HQ Location |
Personal and household products are delivered via an e-commerce platform.
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| domain | founded_year | HQ Location |
Instant delivery of groceries and essentials is facilitated online.
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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| domain | founded_year | HQ Location |
Grocery products are provided via an online digital storefront.
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| domain | founded_year | HQ Location |
Provider of online platform offering grocery, household items, cakes, and flowers
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| 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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Latest news on Wellversed
Frequently Asked Questions about Wellversed
When was Wellversed founded?
Wellversed was founded in 2018.
Where is Wellversed located?
Wellversed is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Wellversed?
Aanan Khurma is the current CEO of Wellversed. They have also founded this company.
Is Wellversed a funded company?
Wellversed is a funded company, having raised a total of $1.84M across 5 funding rounds to date. The company's 1st funding round was a Seed of $249.16K, raised on Dec 21, 2018.
How many employees does Wellversed have?
As of Mar 31, 2024, the latest employee count at Wellversed is 108.
What is the annual revenue of Wellversed?
Annual revenue of Wellversed is $4.11M as on Mar 31, 2023.
What does Wellversed do?
Wellversed was established in 2018 in Gurugram, India, as an online retailer in the nutritional products sector. A diverse catalog is maintained, encompassing proteins, creatine, omega-3 fish oil, ayurvedic items, pre- and post-workout supplements, and sugar substitutes. Operations focus on e-commerce delivery across India, with leadership provided by co-founders including Aanan Khurma as CEO.
Who are the top competitors of Wellversed?
Who are Wellversed's investors?
Wellversed has 36 investors. Key investors include Angel List, Klub, Wellfound, Jubilant FoodWorks, and Sarcha Advisors.
What is Wellversed's valuation?
The valuation of Wellversed is $4.85M as of Sep 2021.
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