Good Monk raises $2M pre-Series A led by RPSG Capital Ventures
What's the deal? Good Monk, a Bengaluru-based food and nutrition tech startup, has raised $2 million in a pre-Series A round led by RPSG CapitalDealroom has a profile for this one. Try Dealroom → Ventures. Multiply VenturesDealroom has a profile for this one. Try Dealroom →, Sharrp VenturesDealroom has a profile for this one. Try Dealroom →, and ThinKuvateDealroom has a profile for this one. Try Dealroom → also took part. The company, operated by Superfoods Valley, had earlier raised about $841,000.
What does it do? Founded in 2021 by Amarpreet Singh Anand and Sahiba Kaur, Good Monk sells multivitamins, probiotics, fiber supplements, and more than 50 nutrition mixes for children, adults, and people over 50. Its products are sold on its own website and on Amazon and Flipkart.
What's the money for? The funds will go toward research, development, and building new nutrition products. Good Monk also plans to grow its online presence.
Why now? The raise follows an appearance on Shark Tank India Season 4, where the company secured a deal with Vineeta Singh, co-founder of SUGAR Cosmetics. Good Monk says it has grown 11 times in the past year.
The signal: RPSG Capital Ventures has backed other health-focused brands, including Plix, True Elements, and Nutrabay — a sign of investor appetite for India's fast-growing health and wellness market. Good Monk, which donates part of its sales to mid-day meal programs, is positioning science-backed products and clean labels as its edge in a crowded field.
Read more: StartupRise
