Nutrition Tech Platform Ripsey raises INR 1.0 CR through ah! Ventures Angel Platform in their ongoing INR 2.0 CR Pre-Series Round
Ripsey, a deep tech platform focused on health food delivery founded by two women entrepreneurs has raised INR 1.0 CR from a U.S. based investor in its ongoing Pre-Series Round of INR 2.0 CR through ah! Ventures angel platform. This is Ripsey’s second round of funding, having raised a INR 1.0 CR Seed Round in May 2019. This is ah! Ventures 58th investment taking its total investment portfolio to USD 26 MN with 9 exits till date.
Founded in July 2018, Ripsey is a nutrition tech platform that helps its customers in developing a sustainable healthy eating lifestyle. It operates through Subscription and On-demand revenue channels and is eyeing Retail as another revenue path. The company currently operates in Mumbai Metropolitan region.
“When I was working, I had trouble maintaining a healthy weight in spite of visiting numerous doctors and dieticians. I was also very active but nothing was helping me to take care of myself on an everyday basis. At Ripsey, we are solving this by providing a full stack solution – we plan, cook, deliver the meals and track the consumer’s progress. Subscribing to Ripsey is the answer for how to eat healthy and stay fit”, said Silky Singh – Founder, Ripsey.
“Food is a personal emotion for most of us, we eat what we wish to, almost never what we need to. At Ripsey, we are aiming to solve this conundrum of ‘Eat what you wish to’ by offering a multi-cuisine menu that encompasses both variety and taste. We are building a technology platform that is relevant to the consumers wherein they can not only track their food diary, but also their clinical profiles such as their blood sugar levels, hormone profiles etc alongside their fitness activity through a multitude of integrations. This elaborate consumer profiling is what we will base our Artificial Intelligence (AI) engine on. We believe there is a large market opportunity, not just in India but in the overseas markets as well”, said Alekhya Boora – Founder, Ripsey..
“While many firms claim to offer healthy food, most of them adopt ‘one size fits all’ approach, which gets boring and unsustainable over a period. And then there is always the ‘healthy but not tasty’ problem. Ripsey works like an ‘individualised health food tech’ platform, through which, you can subscribe for meal plans based on your different health goals, enjoy different cuisines and also track the progress. The founding team has carefully put together all these aspects successfully with the help of technology. Given the current tense environment due to COVID-19, the focus on eating and staying healthy is gaining more prominence and Ripsey is well poised to benefit from the same as well as benefit those who are seeking a healthy lifestyle”, said Atul Javeri, Ripsey Deal Lead and Venture Partner – ah! Ventures.
Ripsey is looking to utilise the funds to build their technology platform, as well as fund their next leg of growth and expansion to other metros and Tier I cities in India.