Good Health Company raises $10 million in Series A funding

Existing investors including Khosla Ventures, Quiet Capital and Weekend Fund also participated in the round.

Good Health Company plans to use the proceeds to introduce more product categories, focus on product innovation and expand its existing team, it said in a statement on Wednesday.

The startup was founded by Samarth Sindhi in January 2021. It provides solutions for patients with conditions such as hair loss, sexual health and weight loss.

Good Health Company’s men’s vertical ‘MARS’ is focused on the personal care market for men. The company recently launched the ‘Saturn’ vertical, focusing on products that address women’s issues.

Vinny Puzzi, Managing Partner, Left Lane Capital, said, “The global health and wellness industry is a $1.5 trillion market growing at a rate of 5-10% annually, with the Indian market growing rapidly.

“Good Health Company’s rapid growth rate in the last 18 months is a testimony to the fact that India’s population is hungry for scientifically proven, medical-grade health and wellness products. Their D2C model, in which they provide free health consultations to patients humbly addressing one of the biggest health challenges.”

The startup last raised a $5.2 million round led by Khosla Ventures, with participation from Quiet Capital, W Health Ventures, Weekend Fund and other angels. Since its inception, the company said, it has helped more than 10 million customers with free consultations, courses of treatment and delivery of products. It has introduced several categories including hair care, skin care, sexual health and weight loss.

“Our aim, from day one, was to provide scientifically proven solutions to the healthcare needs of our consumers,” Sindhi said. “Over the past few months, we have worked towards expanding product categories and introducing informative content. To raise awareness of men’s self-care needs.”