OZiva raises $5mn in round led by Matrix Partners India
OZiva will use the fresh funds for research and development, technology building, and for expanding its team and customer base.
Plant based nutrition brand OZiva raised $5 million, as part of Series A round, led by early-stage venture capital firm Matrix Capital India. Existing investor Titan Capital also participated in the round.
Mumbai based OZiva will use the fresh funds for research and development, technology building, and for expanding its team and customer base.
Founded in 2016 by Aarti Gill and Mihir Gadani, OZiva provides everyday fitness, skin, and hair nutrition products. The company’s target audience comprise women in the 18-55 age group.
Aarti Gill, co-founder, OZiva, said: “Having a strong digital ecosystem and personalised consultations has helped us in delivering more than just the product and has reflected in our growing numbers as well as unit economics.”
“We will keep investing and creating solutions focusing around three pillars of fitness – nutrition, workouts and mental wellness,” she further added.