
Vitonnix raises first seed round
By Abha Lohia ·
- Vitonnix makes under-the-tongue nutritional sprays, developed in the UK with research and manufacturing based in India
- Inflection Point Ventures led its first institutional seed round, joined by doctors and film figures such as Riteish Deshmukh and Boman Irani
- Funds will strengthen leadership, build consumer growth, widen distribution and enter new international markets
What happened
- Seed round led by Inflection Point Ventures.
- Angels include Riteish Deshmukh, Boman Irani, Jaspinder Narula and Madhu Mantena.
- Amount was not disclosed.
Why it matters
- It is the company's first institutional money.
- Cash targets distribution and overseas entry.
The business
- Its SubliSpray range delivers nutrients through the mouth lining.
- Three clinical studies are complete.
- Patents are filed for bottle designs.
The founders
DP
Dr Prashant Jindal
Founder- Refractive eye surgeon
DD
Dr Deepti Jindal
Founder- Dermatologist
DR
Dr Rajesh Handa
Founder- Oral surgeon
Who put in money
Terms in this story
- Funding stage: Startups raise money in steps called funding stages: pre-seed, seed, Series A, B, C and later, ending in a stock-market listing or a sale. Each step is larger than the last and asks for more proof.
- Seed round: Pre-seed and seed are the first money a startup raises from outside investors. The difference is mostly how much has been built when the cheque arrives: pre-seed backs an idea, seed backs an early product.
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