Wellcure Infotech Pvt Ltd received funding of total $200,000 (Rs 1.5 crore) in a seed funding from Inflection Point (IP) Ventures, the angel investment platform even during the lockdown.
The investment marks the 10th bet on a startup by IP Ventures since March even during the pandemic crisis and economic crisis in the market.
The startup was initiated in Gurgaon in 2017 by Sumeet Kapur https://www.linkedin.com/in/sumeetkapur1/who was also a co-founder of Groupon- and Sequoia-backed Nearbuy. Along with Shekhar Kapur, Anchal Kapur https://www.linkedin.com/in/anchal-kapur-48290413/ and Ankur Bhatia are also the co-founders of Well Cure.
WellCure startup aims to provide a platform for all those who want to live a healthy and natural way of life. The company focuses on fostering physical and mental health through curated content as well as offerings including recipes, e-books, and online programmes. The company aims to inspire people to take up a healthy lifestyle and implement it in their day to day lives. The company will provide natural ways of living for people to overcome mental and physical stress. The mission of the company is to create the largest natural health community.
” We will also connect you to the ecosystem of natural health (through coaches, learning modules, vendors and products) so that making daily assured choices around health is easier
Wellcure is a platform where people can share & empower each other’s health journey. The community talks about natural remedies, food habits & healthier kitchen practices. Don’t just read but get simple easy methods to implement natural laws to lead a healthy, vegan and medicine-free lifestyle” read the site of the company.
The amount of funding received by Wellcure will be used for increasing scale operation with a goal of Rs 5 crore in sales during this financial year. Currently, it has around one lakh subscribers. By using the funding correctly, the company aims to reach to maximum possible people.
Other investments by Inflection
The inflection point has a vision of encouraging budding startups. It was founded in 2017 as a by-invitation-only network. The initiative makes most of its bets at an early stage to pre-Series A levels.
There are few investments they have done apart from pre-series A levels. It invested around Rs 42 crore in a funding round in hyperlocal grocery delivery startup Milkbasket.
It also promised to 1.14 crore to Edvizo Media Pvt Ltd, which acts as a marketplace for competitive examination institutes.
Last month, it invested in citizen’s safety technology platform DROR along with the US-based entrepreneur and investor Gopi Latpate.