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Home News

Puro Wellness Raises Rs 250cr from Torrent Group

by Chinmay Bidkar
August 22, 2016
in News
Reading Time: 1 min read
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Puro Wellness Raises Rs 250cr from Torrent Group

Image : LinkedIn

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Puro Wellness
Image : LinkedIn

22 August 2016, India :

Former Torrent Pharma executive Ruchir Modi’s wellness startup Puro Wellness has raised Rs 250 crore from Gujarat-based conglomerate Torrent Group.

As per the executives cited earlier, the fund is for the venture’s five year growth plan, but a large chunk of it will be utilised in the first year of operations. The fund is mainly for a marketing blitzkrieg campaign, R&D and working capital.

Puro Wellness is developing nutritional supplements that are meal replacements for salt, sugar, spice, rice and other products.

Ruchir Modi, executive director at Torrent Pharma, recently quit the organisation after 13 years. At the time, Torrent Pharma said that Modi had decided to purse alternative business/professional opportunities.

Also read- 
LENDINGKART APPOINTS VISHAL CHOPRA AS CHIEF REVENUE OFFICER AND NIHIT NIRMAL AS SENIOR VP PRODUCTS
FORMER CEO SACHIN BANSAL ADMITS HIS REMOVAL WAS DUE TO LACK OF PERFORMANCE

 

Tags: fundingPuro WellnessTorrent group
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Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

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