Funding · Commerce & Consumer Brands
D2C nutrition brand Good Monk raises ₹33 Cr at ₹175 Cr valuation
By Startup Enthusiast ·
- Date
- Company
- Good Monk
- What it does
- D2C nutrition brand
- Kind
- Funding
- Amount
- ₹33 Cr
- Stage
- pre-Series A
- Based in
- Bengaluru
- Founded
- 2022
What they do
Good Monk is a D2C nutrition brand that sells dietary supplements and drink mixes focused on gut health, immunity, and weight loss
What happened
The company raised ₹33 Cr in a pre-Series A funding round at a valuation of ₹175 Cr, led by RPSG Capital Ventures with participation from Sharrp Ventures,…
Why it matters
The brand aims to expand into tier II and III markets and is exploring new formats to introduce nutrition into everyday diets
The details
- Good Monk, a D2C nutrition brand, raised ₹33 Cr (about $3.6 Mn) in a pre-Series A funding round at a valuation of ₹175 Cr (about $19.5 Mn).
- The round was led by RPSG Capital Ventures, with participation from Sharrp Ventures, Hyperscale Ventures, and the families of cofounders.
- The company offers dietary supplements focused on gut health, immunity, and weight loss, along with drink mixes and plant-based protein powders.
- Good Monk aims to become a daily part of home-cooked food by fortifying existing diets through its mixes that add a layer of nutrition without changing the taste of the dishes.
- The brand currently sells its products through its website and e-commerce platforms like Amazon and Flipkart, with plans to increase its digital footprint across other platforms.
The bigger picture
- Good Monk has seen 25X growth in the last 18 months, indicating strong market demand for its products.
- The company is exploring new formats to introduce nutrition into everyday diets, showing its intent to expand its product offerings.
- The brand is operated by foodtech platform SuperFoods Valley, which also owns WhatsYourNiq, a personalized food recommendation app.
About the business
- Good Monk is a D2C nutrition brand that sells dietary supplements and drink mixes focused on gut health, immunity, and weight loss.
- The company offers plant-based protein powders and drink mixes that aim to fortify existing diets without changing the taste of the dishes.
- Good Monk sells its products through its website and e-commerce platforms like Amazon and Flipkart.
- The brand is operated by foodtech platform SuperFoods Valley, which also owns WhatsYourNiq, a personalized food recommendation app.
- Good Monk aims to expand into tier II and III markets through increased brand awareness and distribution.
What happens next
- Good Monk plans to increase its digital footprint across other platforms.
- The brand is exploring new formats to introduce nutrition into everyday diets.
The deal
- Type
- funding
Investors
- RPSG Capital Ventures (lead) — A venture capital firm focused on early-stage investments in India.
- Sharrp Ventures (participated) — A venture capital firm investing in health and wellness startups.
- Hyperscale Ventures (participated) — A venture capital firm focused on scalable tech and health startups.
- families of cofounders (participated) — Personal investors from the founders of Good Monk.
Founders
- Amarpreet Singh Anand, co-founder
- Sahiba Kaur, co-founder
About Good Monk
- Product
- Nutrition mixes, multivitamins, probiotics, fiber supplements, and plant protein products.
- Customers
- Indian consumers, including children, adults, and seniors.
- How it makes money
- Sells consumer nutrition products directly under a D2C brand.
- What sets it apart
- Products are designed to blend into daily meals without altering taste or smell and are positioned as clinically validated.
- Operations
- Expands distribution into Tier II and Tier III markets while investing in R&D and new product formats.
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