Good Health Company (GHC), a healthtech startup, has raised $10 million in a Series A funding round led by Left Lane Capital. The funding round also saw participation from Khosla Ventures, Quiet Capital and Weekend Fund.
The latest investment will be used to expand the product offerings, hire new talent and scale the product innovation.
Thr funding comes at a time when India’s Health-tech industry will likely touch $9-12 billion gross merchandise value (GMV) by 2025 and $40 billion GMV by 2040, a clear indication of a remarkable market opportunity for the players in this space.
Vinny Pujji, Managing Partner at Left Lane Capital said, “The global health and wellness industry is a $1.5 trillion market growing steadily at 5-10% annually, with the Indian market contributing to it at an exponentially increasing rate. Good Health Company’s rapid growth rate these past 18 months is testament that India’s population is hungry for scientifically proven, medical-grade health and wellness products."
They also added that the startup offer free health consultations to patients, humbly addresses one of the largest healthcare challenges and Left Lane Capital is honored to be along for the journey and look forward to helping GHC bring quality health products to underserved markets.
The company was founded in January 2021 by Samarth Sindhi with the aim to bridge the gap of personal care for men.
Samarth Sindhi, Founder, GHC, said, “Our aim, right from the first day, was to provide a scientifically proven solution to the unmet healthcare care needs of our consumers. In the last few months, we have worked towards expanding the product categories and introducing informative content to raise awareness about men’s self-care needs. We are happy to have achieved our targets and are thrilled by the trust displayed by our investors as we move to the next step of wellness in India.”