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Plix, a clean plant-based nutrition brand for daily wellness and strength, said it has raised $5 million in Series A funding from Guild Capital and RPSG Capital Ventures.
The funds will be used for launching products in the nutraceuticals segment tackling key health concerns. Over 85 SKUs are planned for launch in the next 12 months. The company is also looking to hire new senior leadership talent, reinforce their R&D team and enter new markets.
The wellness market is estimated at $1.5 trillion globally and $10 billion in India. Awareness about health and wellness is a megatrend that has emerged
