The funds will be utilized for expanding the Lactobite portfolio, exploring export opportunities and developing new product formulations
Nutrizoe, a Mumbai-based women’s nourishment brand raised INR 3 Cr in a Bridge round led by Inflection Point Ventures. The funds will be utilized for the expansion and enhancement of Nutrizoe’s Lactobite portfolio following the completion of clinical trials. The focus will be on further developing the product line to cater to a wider range of needs and preferences.
Additionally, the company aims to export its products to international markets, expanding its reach beyond India including UAE. Funds will also be allocated towards research and development to create new product formulations that align with Nutrizoe’s mission of providing innovative and effective solutions in the health and wellness domain.
Nutrizoe excels as a pioneering brand in the domains of pregnancy, postpartum, and lactation, introducing new and distinct categories.
Richa Pendake, Founder & CEO, Nutrizoe says, “With growing apprehension around processed foods / Lack of clean labels at “Nutrizoe” our vision is addressing problems through functional & nutraceutical food as an alternative to medicines. Identifying the gap through extensive research and developing products that are science and evidence-based. We are excited to have IPV backing us in this goal to create healthy moms and healthy babies.”
Industry data indicates that the global market for women’s nutrition is projected to reach a value of $ 43 billion by 2025. Mintel reports suggest that the Indian dietary supplement industry is estimated to reach 10.19 billion INR by FY 2026.