Bengaluru, NFAPost: Onelife Nutriscience, which owns the consumer healthcare brand Onelife has raised funding from Wipro Consumer Care – Ventures, the venture capital arm of Wipro Consumer Care & Lighting.
Onelife has a diverse set of offerings focusing on wellness, immunity, and overall nutraceutical segment. The company will use the funds for its next level of growth.
The Company was founded in 2019 by Gaurav Aggarwal, who has over 20 years of experience in the Nutrition Industry. Hailing from a family who are one of the leading producers of Vitamin B3 in the world, this is a natural progression for Gaurav to leverage his extensive experience and depth of knowledge to develop a promising B2C Healthcare Brand.
Commenting on the capital raised, Onelife Founder Gaurav Aggarwal said the company is delighted to have Wipro Consumer Care – Ventures as investors, and welcome them to the Onelife family.
“We could not have hoped for a better choice of investor who understands the consumer so well and from whom we can get a lot of value. We look forward to working closely with Wipro over the coming years as we build Onelife into a formidable player in the Nutrition and wellness space,” said Gaurav Aggarwal
Gaurav Aggarwal also pointed out that Wipro Consumer Care – Ventures backing is a great value addition to the growth plans in India as well as globally. “The Nutraceuticals Industry is looking at growing exponentially, and we are excited to increase our market presence through innovative products,” said Onelife Founder Gaurav Aggarwal.
Commenting on the development, Wipro Consumer Care –Venture Managing Partner Sumit Keshan said Wipro is excited at becoming part of Onelife in its growth journey.
“They have robust R&D capability, strong product knowledge, and a mature & passionate team. Health and immunity are on top of every consumer’s mind today. They are increasingly getting conscious of the benefits of preventive health too. These offer immense growth potential for the company, and Onelife intends to address all these requirements of consumers in a holistic way,” said Sumit Keshan.
Wipro Consumer Care and Lighting, an over $1 billion business, is among the fastest-growing FMCG businesses. Wipro Consumer Care’s businesses include personal wash products, toiletries, personal care products, wellness products, electrical wire devices, domestic and commercial lighting and modular office furniture.
The company has a strong brand presence with significant market share across segments in India, South East Asia, the Middle East and Africa. It has 16 manufacturing units in China, India, Indonesia, Malaysia, Philippines, South Africa and Vietnam and has state of the art R & D facilities in five countries.