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Cora Health, a Bengaluru-based health and wellness marketplace, has reportedly secured an undisclosed amount during a funding round that saw participation from various angel investors.
These investors included KRS Jamwal (ED, Tata Industries), Apurva Parekh (ED, Pidilite Industries Limited), Kushagra Pant (Nomura MD), Dhanpal Jhaveri (VC, Everstone Group), and Amit Chaudhary (Lenskart Founder) among others.
Started by former Flipkart colleagues Shrijit Venkatesh and Snigdha Kumar, CORA Health was launched in May 2020 with a capital of around USD 2 million. It is a portfolio company of 100X.VC. and essentially help customers discover healthy foods as per their medical conditions.
The co-founder of Cora Health, Snigdha Kumar, was quoted saying that the company intends to revolutionize the current food store of over 20 million families with healthier alternatives by 2023. The fresh funds accrued will be used to improve the finance technology, hiring, and adding new categories to the platform.
Talking about the announcement, Lenskart founder Amit Chaudhary mentioned that Snigdha and Shrijit views on vertical solutions for health and nutrition is a game-changer for the consumer tech. Cora Health is likely to emerge as a prominent entity in the health & wellness business space.
Ninad Karpe, a Partner at 100X.VC mentioned that health is the main concern for everyone and that they are pleased to be the first investor in the Bengaluru-based health and wellness marketplace. With its exclusive contribution and positioning, Cora Health will be a game-changer in the expanding health and wellness space, he added.
Cora Health has been working with more than 10 courier partners to serve 27,000 postcodes across India. The company has managed to record a 200% annual growth rate and is intends to generate around USD 1billion by 2022 end.
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