Nutrizoe, a brand dedicated to women’s nourishment, has recently obtained INR 3 crore in a Bridge funding round. This round was spearheaded by Inflection Point Ventures (IPV). With this significant capital injection, Nutrizoe is poised to grow and elevate its Lactobite portfolio, building upon the successful completion of clinical trials. The primary objective of the company is to advance the product line, ensuring it meets an even broader spectrum of needs and preferences.
The company’s intention is to utilize the funds for both product expansion and international market entry, specifically targeting the United Arab Emirates (UAE). This strategic decision aims to enable Nutrizoe to expand its presence beyond India and offer its innovative solutions to women worldwide. Furthermore, a portion of the funds will be dedicated to research and development endeavors, focused on developing new product formulations that align with Nutrizoe’s mission of providing effective and state-of-the-art solutions in the field of health and wellness.
Founded by Richa Pendake and Saanket K, Nutrizoe is a company dedicated to addressing women’s wellness and health concerns. With a combined corporate experience of over 25 years, this dynamic married couple brings a wealth of expertise to their venture. Nutrizoe made its debut in November 2020 with the introduction of its first product, lactation bars, driven by Richa’s deep passion for promoting women’s well-being.
Speaking about the investment, Richa Pendake, Founder and CEO of Nutrizoe, expressed her excitement, stating, “With growing apprehension around processed foods and the lack of clean labels, our vision at Nutrizoe is to address health issues through functional and nutraceutical food as an alternative to medicines. We are thrilled to have IPV support us in our goal of creating healthy moms and healthy babies. With the varied experience, network, and portfolio companies of IPV, we look forward to an upward learning journey and beyond.”
Vikram Ramasubramanian, Partner at Inflection Point Ventures, emphasized the importance of providing optimal nutrition during various stages of a woman’s life. He stated, “The female body experiences constant changes throughout every stage of life. Despite being aware of the body’s needs, these requirements are often overlooked for various reasons. One crucial phase that requires utmost attention is pregnancy and postpartum recovery. During this time, the body requires significantly more nutrition than usual to maintain the health of both the mother and the baby. Nutrizoe is an essential source of nourishment for women as these scientifically formulated products are enriched with all the necessary natural ingredients and are easily consumable. At IPV, we strongly identify with the brand’s vision of introducing revolutionary products that alleviate the challenges faced by women.”
