D2C Startup Good Health Company (GHC) Raises $10 Mn in Series A Funding Led by Left Lane Capital
One-stop destination to receive a free consultation, course of treatment, and delivery of products every month – GHC has impacted over 10 million consumers in a short span of 18 months
In the last 12 months, the company introduced multiple categories, including hair care, skin care, sexual health and weight loss and an entirely new vertical focused on women’s health (Saturn by GHC)
Hyderabad-based D2C health-tech startup Good Health Company (GHC) raised USD 10 million in Series A funding led by Left Lane Capital. Existing investors such as Khosla Ventures, Quiet Capital, and Weekend Fund also participated in this round. With a focus on raising awareness about health and wellness, the startup provides a full stack solution for patients with conditions like hair fall, sexual health, and weight loss, amongst others.
In the next few months, the company plans to use the fresh funds to introduce more product categories, focus on product innovation and expand the existing team. Starting its operations in January 2021, GHC initially focused on the personal care market for Men. The founder – Samarth Sindhi, wanted to bridge the gap between unmet demands of skin and hair challenges that men faced. Their male vertical – Mars by GHC (ghc.health) provided a full-stack solution for men facing problems like hair fall, sexual health, weight loss, skincare, etc. Following the brand’s success, the company also recently launched Saturn by GHC (saturn.health) – a full-stack solution for females.
|Samarth Sindhi, Founder of GHC|
As per a Redseer report, India’s Health-tech industry will likely touch $9-12 billion gross merchandise value (GMV) by 2025 and $40 billion GMV by 2040, which is a clear indication of a remarkable market opportunity for players in this space.
“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. Their D2C model, in which they offer free health consultations to patients, humbly addresses one of the largest healthcare challenges. We are honored to be along for the journey and look forward to helping GHC bring quality health products to underserved markets.” says Vinny Pujji, Managing Partner at Left Lane Capital.
After raising the seed round of $5.2 million led Khosla Ventures in June 2022, GHC aimed to expand into more categories to help people with scientific and medical solutions for personal care problems from the comfort of their homes. Mars by GHC (ghc.health) and Saturn by GHC (saturn.health) provide free consultations and a course of treatment for any skin, hair and sexual health problems for both men and women. The experts on the platform prescribe the clients a course of treatment after the client fills up a questionnaire. The products prescribed by the experts are available on the GHC website for home delivery across India. The startup has also developed and published informational and educational content via blogs and videos to educate their probable consumers.
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