Nutrabay Retail Private Limited, a sports nutrition and wellness brand, raised $ 5 million in Series A funding round led by RPSG Capital Ventures with participation from Kotak Alternate Asset Managers Limited.
“We are thrilled to garner support from RPSG and Kotak PE and excited to leverage this partnership to drive our next phase of growth. We are committed to providing high quality products, at an affordable pricing to make the brand accessible to all enthusiasts across all consumer segments,” Shreyans Jain, founder and executive director, Nutrabay, said.
From what is understood, Dexter Capital Advisors acted as the exclusive financial advisor for the transaction to the company.
“We have strong conviction in nutrition, health and wellness as a space and have constantly backed companies in this category such as Plix and True Elements. Nutrabay has demonstrated impressive growth and a strong commitment towards product quality. We believe in their vision and are excited to partner with them as they continue to disrupt the sports nutrition market in India.”Abhishek Goenka, managing partner, RPSG Capital Ventures, said.