Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jun, 21 2018

Sixth Sense Ventures bets on Rakesh Jhunjhunwala-backed sports nutrition firm

According to a press statement, Sixth Sense has picked up 10% stake by investing around Rs 10-15 crore ($1.4-2 million) in the Mumbai-based firm.

Sixth Sense Ventures bets on Rakesh Jhunjhunwala-backed sports nutrition firm

Consumer-oriented venture capital firm Sixth Sense Ventures has marked its foray into the healthcare sector by investing in Fullife Healthcare Pvt. Ltd, which sells sports nutrition supplements under the brand Fast & Up.

According to a press statement, Sixth Sense has picked up 10% stake by investing around Rs 10-15 crore ($1.4-2 million) in the Mumbai-based firm.

Fullife, which sells its products in 20 countries, also counts ace investor Rakesh Jhunjhunwala among its backers. Jhunjhunwala had invested an undisclosed amount in 2013 and holds 25% stake in the firm, as per the news outlet.

“Fullife is amongst the first players in the nascent category of sports nutrition in India and we feel sports, health, active living will be the centre stage for future of healthcare,” said Nikhil Vora, founder and chief executive of Sixth Sense.

Fullife was started in 2009 by Satish Khanna, the former group president of drugmaker Lupin.

The company had posted net sales of Rs 18.2 crore in the financial year 2016-17, a tad higher than the Rs 17.6 crore it recorded the year before that, acoording to the reports.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Robotics & Technical Training
    IndiaFIRST® ROBOTICS - a name known for India’s First ever Modular robots..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2013
    Investment size Rs. 50 K - 2lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Pizzeria
    Bon Pizza is an opportunity to start your own business by..
    Locations looking for expansion Gujarat
    Establishment year 2013
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
  • Professional Education Colleges
    About Us: Lakhotiacollege of design has entered into a collaboration with..
    Locations looking for expansion Delhi
    Establishment year 1991
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Aviation & Hospitality Training Institute
    About Us: Indira Gandhi Institute of Aeronautics has carved a niche..
    Locations looking for expansion Delhi
    Establishment year 2003
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities