Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jul, 27 2018

Wellness portal AyurUniverse secures $1 mn in fresh funding

The platform also offers a panel of doctors and yoga experts who offer online consultation with regard to Ayurveda.

Wellness portal AyurUniverse secures $1 mn in fresh funding

AyurUniverse, an online aggregator for ayurveda and yoga centres, said on Thursday that it had raised $1 million (around Rs 6.9 crore) in fresh funding.

In a statement, AyurUniverse said the Ladhani family, which also backs regional airline Air Deccan, had pumped in the money.

AyurUniverse was founded by Vijay Kumar Karai in 2016. The firm’s online platform lets users search for and book wellness packages.

It provides customised ayurveda and yoga packages for treating ailments, wellness and training.

The platform also offers a panel of doctors and yoga experts who offer online consultation with regard to Ayurveda.

AyurUniverse says it uses advanced artificial intelligence-based analytics to give its customers unbiased user ratings of wellness centers.

Karai said the fresh capital would go towards developing artificial intelligence and virtual reality technology to boost customer experience.

The firm currently offers 2,500 wellness packages across 300 verified wellness centres in India, Sri Lanka and Nepal. It claims to have clientele from more than 190 countries.

“This market includes two types of wellness tourists: those who take trips entirely for wellness purposes and those who seek to engage in wellness activities as a part of their trip,” said founder and chief executive officer Karai.

According to the statement, India’s wellness travel industry is estimated to be a $2.54 billion industry and will double in size by 2020.

In a recent development in the space, NirogStreet, an online platform that connects ayurveda doctors with patients, acquired Brahm Ayurved, a 60,000 member-strong community of ayurvedic doctors.

Last month, NirogStreet raised $300,000 (Rs 2 crore) in a seed round led by Japanese venture capital firm Spiral Ventures.

In January this year, KivaShots, an ayurvedic healthcare beverages startup, secured angel funding from several wealthy individuals.

VCCircle had reported in November last year that wellness firm VLCC Health Care Ltd, an established player in the slimming and beauty services space, was planning to aggressively ramp up its ayurvedic products portfolio.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Education Supplies
    Twig2tree Akademia - a venture of Think Zenith Pvt Ltd..
    Locations looking for expansion Haryana
    Establishment year 2013
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Ice Creams & Yogurt Parlors
    About Us: Michael’s Icecream Burger is the first of its kind,..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Karnataka
  • Furniture/Home Decor & Furnishing
    Established in 1993, ASIS a division of Mumbai-based Shirdi Industries..
    Locations looking for expansion Haryana
    Establishment year 1993
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Ethnic Stores
    Franchise Owned Company Operated with Minimum Guarantee from India's leading..
    Locations looking for expansion Delhi
    Establishment year 1986
    Franchising Launch Date 2020
    Investment size Rs. 50lac - 1 Cr.
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities