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Fitspire, a vegan and plant-based personal wellness brand, has entered the $17 billion global skincare market by launching plant-based biotin, collagen, and omega products. The brand aims to cater to Indian consumers seeking vegan, natural, clean, and cruelty-free products. The Indian vegan cosmetic market is expected to grow above 7.17% CAGR from 2023 to 2028.
The funding round also attracted investors such as Ivor Braganza from Next5 Ventures Oman, Dheeraj Jain from Redcliffe London, and existing investors Amit Singhal , Fitspire also previously got invested by Rajesh Sud ( MD Financial services Bharti Enterprises) , Simmar Pal Singh, CEO, Cofco International, and Jay Ukani, Director at Ban Labs.
Fitspire, a vegan health-wellness brand, has raised an undisclosed amount in a pre-Series A funding round led by investors such as LC Nueva, Sukhbir Singh, and the family office of Jaipurias. The Delhi-based nutrition start-up, which focuses on contemporary lifestyle concerns, aims to enhance market presence, expand its product range and introduce additional products with the new funding.