# Wellness Forever Medicare

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wellness-forever-medicare

- Industry: Internet
- Headquarters: Mumbai, India
- Website: www.wellnessforever.com
- Total disclosed funding: $4.9M
- Latest round: Seed (Sep 10, 2014)
- Investors on record: 1

## About

Wellness Forever Medicare Ltd. is a prominent healthcare company in India, providing a wide range of pharmacy and medical retail services, including a comprehensive online platform for easy access to medications and wellness products.Founded in 2008, Wellness Forever Medicare Ltd. operates in Mumbai, India, specializing in pharmacy and medical retail. The company has made six significant deals, with the most recent being on August 22, 2020, when it raised INR 1290.84 million in a Series A funding round led by Allana Group and Rising Sun Holdings Pvt Ltd. The founders, Ashraf Biran and Gulshan Bakhtiani, have a background in retail and pharmacy, contributing to the company's strategic direction and growth.Wellness Forever offers an extensive range of healthcare products and services, featuring over one lakh quality medicines, nutraceutical supplements, and wellness essentials. Their user-friendly online platform allows for easy ordering and home delivery, catering to families and individuals in urban and semi-urban areas across India, primarily in metropolitan cities and towns. The company focuses on quality sourcing from reputable manufacturers and authorized distributors, ensuring adherence to safety and efficacy standards.For the year 2023, Wellness Forever reported a revenue of INR 173,195,851.20 with an EBITDA of INR 11,984,288.50, generated through direct consumer sales from both its online pharmacy platform and physical retail locations. The company offers prescription medicines, over-the-counter pharmaceuticals, and health supplements, benefiting from competitive pricing and promotional discounts to attract customers.With the most recent funding of INR 1290.84 million from the Series A round concluded in August 2020, Wellness Forever plans to expand its store presence and strengthen its private label brands. The strategy includes launching new product lines and extending its market reach into additional geographic regions, although specific markets for this expansion have not been detailed. The company aims to utilize the funding efficiently to support these initiatives, enhancing its operational capabilities and product offerings.

## Funding rounds

- Seed, Sep 10, 2014, $4.9M — Singapore Angel Network

## Investors

- Singapore Angel Network (https://capitalatlas.ai/funds/singapore-angel-network) — Seed