Direct to consumer health-tech startup Good Health Company has raised $10 million in Series A funding led by Left Lane Capital, along with participation from existing investors such as Khosla Ventures, Quiet Capital, and Weekend Fund.
Recently, the Hyderabad-based company raised a seed round of $5.2 million led by Khosla Ventures.
The proceeds will be utilised to introduce more product categories, foray into product innovation and expand the existing team, Good Health said in a press release.
Founded in 2021 by Samarth Sindhi, Good Health provides free consultations and a course of treatment for any skin, hair and sexual health problems for both men and women. The company claims to have helped over 10 million customers in free consultation, course of treatment, and delivery of products.
Good Health is a subsidiary of Digi-Prex which also raised $5.5 million in seed round from Khosla Ventures in 2019. The startup was shortlisted for Y Combinator’s Demo Day in August 2019. The company competes with the likes of BareAnatomy which raised $2.5 million led by 72 Ventures, the family office of KKR India advisor Sanjay Nayar and others in September last year.
Direct-to-consumer brands in India, especially in the beauty and personal care space, have been gaining ground at a fast clip. The segment saw the emergence of brands such as MamamEarth, Bella Vita, Wow Skin, mCaffine, Juicy Chemistry and several others.