Lifechart is a gut health-tech startup that raised 360k USD in its extended seed funding round for its gut health brand, Guttify. The funding round was led by Prajay Advisors, the family office of Unichem Lab founders, Jayendra Shah and Prakash Mody. The startup plans to use these fresh proceeds to scale its operations, enhance its products, expand its network, and develop a market presence. The company will use some of this investment to improve its product manufacturing and offer innovative solutions.

The startup also has a gut health brand named Guttify, which uses a diagnosis-first approach and serves tier I and III cities. The brand provides DIY at-home gut testing kits and clinically validated solutions. The firm combines modern science with herbal methods to produce healthcare products. Lifechart aims to provide top healthcare solutions to empower Indian healthcare with accurate, personalized, and accessible gut health solutions. 

Lifechart and Guttify want to revolutionize healthcare by creating a gut wellness ecosystem to address the urgent gut health crisis across India. This Gurugram-based startup has raised around 700k USD across three funding rounds since its inception, including $500k secured during its seed funding round from Expert DOJO, Agility Ventures, government seed schemes, and other investors. The firm offers ayurvedic remedies and medicines for various health issues and develops ayurvedic healthcare solutions. The company allows users to place orders and make payments through its online platform.

The startup currently provides medicines for issues related to weight loss, piles, gastric problems, IBS, and fatty liver. The company also offers products including herbal powder, laxatives, capsules, supplements, and others. This investment will enable the health-tech startup to enhance its online platform and boost its product development while developing new healthcare solutions. The company launched its PH saliva testing kit to test acidity. More kits will be launched in the coming months at an affordable price of Rs 99 per set. 

The investment shows the Investor’s trust in Lifechart’s market potential and business model. This startup provides the best gut healthcare solutions and helps patients treat them by diagnosing at early stages. The research highlighted that the Indian gut wellness market is expected to reach $18 billion, with over 60 percent of Indians suffering from digestive problems. The company faces competition from other healthtech companies in the same market segment, including Patanjali Ayurveda, Upakarma, and Varco leg care. The startup aims to become a leading player in the health-tech industry.

Conclusion:

The gut healthtech startup Lifechart secured 360,000 USD for its gut health brand Guttify during its extended seed round. The funding round saw the participation of Prajay Advisors and the family office of Unichem founders. This health tech startup intends to use this fresh capital to empower the Indian gut wellness market and enhance its platform while developing gut wellness solutions. 

The firm aims to empower the Indian healthcare sector by offering accessible, accurate, and personalized health solutions. The company has raised around $700k to date, excluding the recent funding round, and it competes with companies like Patanjali Ayurveda.