Women nourishment brand Nutrizoe raises Rs 3 crore
Mumbai-based women nourishment brand Nutrizoe on Thursday said it has raised Rs 3 crore in a bridge round for expanding its Lactobite portfolio after conducting clinical trials and subsequently look at export opportunities.
The latest round was led by Inflection Point Ventures (IPV), according to a statement by Nutrizoe, a lactation-aiding bar manufacturing company that is engaged in creating nourishing products such as over-the-counter food items and nutraceuticals.
Richa Pendake, Founder & CEO, Nutrizoe said, “We are excited to have IPV backing us in this goal to create healthy moms and healthy babies. With the varied experience, network and portfolio companies of IPV we look forward to a learning journey upwards and beyond.”
Richa Pendake and Saanket K, a married couple, are the founders of Nutrizoe, bringing with them a combined experience of over 25 years in the corporate sector. Nutrizoe was founded by them in Nov 2019.
Driven by their deep passion for women’s wellness and health, they introduced their initial product, lactation bars, in November 2020.
Vikram Ramasubramanian, Partner, IPV, said, “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.”
Inflection Point Ventures is an angel investing platform with over 7400 CXOs, HNIs, and Professionals to together invest in startups. The firm supports new-age entrepreneurs by providing them with monetary & experiential capital and connecting them with a diverse group of investors, according to the statement.