PE-VC Fund Investments
Nutrition supplement brand Good Monk raises Rs.25-Cr led by RPSG Capital
Bengaluru-based Good Monk, the flagship brand of Superfoods Valley , has raised INR 25 crore (USD 2.7 million) in an extension of its pre-Series A funding round. The investment was led by existing investor RPSG Capital Ventures, with participation from Sharrp Ventures, Aashray Family Trust, and angel investors Manmohan Singh, Srivar Harlalka, and Narinder Sawhney.Founded in 2021 by Amarpreet Singh Anand and Sahiba Kaur, Good Monk offers nutrition products, including multivitamin and probiotic mixes and fibre supplements for kids and adults. The company retails its products through its own website and various e-commerce platforms, such as Amazon, Flipkart, Blinkit, and Zepto.The new funds will be allocated towards scaling operations and expanding the business.
Between Mar 2023 and Nov 2024, Superfoods Valley had attracted about USD 3.84 M from Multiply Ventures, RPSG Capital Ventures, Sharrp Ventures, Thinkuvate, and others.For FY24, Superfoods Valley had reported about INR 0.84 Cr in Operating Income and about INR 5.93 Cr in Net Loss.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
