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Records 50% M-O-M growth, raises $ 100,000 seed funding, and expands operations in US
Mumbai-based Ayurveda and holistic wellness startup, LYEF Wellness has achieved remarkable success within a short span since its launch in August 2022. In partnership with Keraleeya Ayurveda Samajam, LYEF Wellness has experienced exponential sales growth, expanded market presence, and established key partnerships. The brand has witnessed 50% month-on-month growth.
To fuel its growth, LYEF Wellness successfully raised $ 100,000 in seed funding, enabling the company to expand. This remarkable achievement underscores the strong demand for Ayurvedic products and LYEF Wellness; ability to meet health-conscious consumers’ evolving needs.
According to Suresh Raja, Managing Director, LYEF Wellness and Former South India Head – Clearance and Gateway Operations, FedEx, “In the last quarter, we have expanded our product and service line to include a broader range of Ayurvedic supplements, and wellness services. Our goal is to become a global leader in the wellness industry, inspiring individuals to prioritize their health and well-being through Ayurvedic principles.”
Recognizing the immense potential of the global wellness market, LYEF Wellness has opened up its US operations, positioning itself to tap into the $ 450 billion industry. With the Ayurveda market in the US alone valued at $ 14.9 billion, LYEF Wellness is poised to make a significant impact and capture a share of this rapidly growing sector.