Silicon Canals
No Result
View All Result
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • AI and chatbots
    • FinTech
    • Business Wire
    • Travel & Mobility
    • Coin Canals
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Amsterdam
    • Community partners
    • Remote: Tech Talent Report
    • Guest Contributions
  • Find a job
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Sign up for our newsletter!
    • Contribute your content
    • Team
    • About us
  • Partner with us
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • AI and chatbots
    • FinTech
    • Business Wire
    • Travel & Mobility
    • Coin Canals
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Amsterdam
    • Community partners
    • Remote: Tech Talent Report
    • Guest Contributions
  • Find a job
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Sign up for our newsletter!
    • Contribute your content
    • Team
    • About us
  • Partner with us
No Result
View All Result
Silicon Canals
No Result
View All Result

London-based Gravitiq secures €48.69M to acquire and operate health-related Amazon brands

Vishal Singh by Vishal Singh
November 19, 2021
in (Crowd)funding, News
Gravitiq

Gravitiq Co-founders Dr. Adam Gunasekara (left), Sachin Srivastava (middle), Dr. Saurabh Srivastava (right) | Image credit: Gravitiq

LinkedInTwitterWhatsAppFacebook
Read this article in:

London-based Gravitiq, a healthcare brand aggregator founded and led by doctors, announced that it has raised $55M (approx €48.69M) in its Seed round of funding. 

Gravitiq is building an e-commerce healthcare portfolio. It acquires and scales top health and personal care brands on Amazon with an intent to help individuals globally take better control of their health.

Investors and capital utilisation

The investment came from CoVenture, an asset management firm investing across the capital stack of tech-enabled companies, and Crossbeam Venture Partners, a venture capital firm backing startups building the next generation economy.

Dr. Saurabh Srivastava, co-founder of Gravitiq, says, “Improving the consumer healthcare industry starts with growing and improving individual companies and businesses. With the support of CoVenture and Crossbeam we will be able to greatly expand our reach, lending our medical and e-commerce expertise to more businesses.”

The proceeds from this round will help the company acquire additional companies and expand its portfolio of e-commerce healthcare brands. The funds will also be used to scale Gravitiq’s team across the US, Europe, and Asia.

“As a team of medical professionals, we have the unique ability to enhance current product offerings, allowing us to scale our brands effectively and stand out from the competition. Improving consumer experience is at the heart of what we do,” adds Dr. Adam Gunasekara, co-founder of Gravitiq.

Mission driven doctors turned healthcare entrepreneurs

Founded by Dr. Adam Gunasekara, Sachin Srivastava, and Dr. Saurabh Srivastava, Gravitiq aims to improve the overall consumer healthcare space. It is a Fulfillment-by-Amazon (FBA) aggregator that acquires and scales healthcare brands on Amazon.

As medical doctors, Adam and Saurabh saw the negative effects of poor health in hospitals and clinics. They noticed that by prioritising physical and mental well-being on a day-to-day basis, whether by strengthening muscles, monitoring blood, nourishing skin, or other active and preventative methods, people could all lead healthier lives.

With these principles, they claim to have built an 8-figure e-commerce healthcare brand, becoming expert Amazon operators. The company claims that their medical-focused approach to e-commerce has so far helped over 2 million individuals alleviate the impact of common debilitating diseases.

Sachin Srivastava, who began his career at Latham & Watkins, heads up Gravitiq’s acquisition process, targeting high quality, reputable healthcare brands. The company’s M&A team combines professionals with backgrounds in investment banking, private equity, and strategy consulting, including in McKinsey, Citigroup, and JPMorgan.

Tags: fundinghealthtechnews
ShareTweetSendShare

Partner content | Partner with us

Bunq’s Ali Niknam receives ‘Businessman of the Year’ award: Know more

Belgium’s Fortino Capital closes second PE fund at €377M; backs Amsterdam-based SpeakUp

Amsterdam-based Return unveils second €100M investment to drive energy transition in Europe

Amsterdam’s Rockstart launches its second AgriFood fund; plans to invest in 50 startups in five years

Amsterdam’s Farmless raises €4.8M to free protein production from animals and agricultural land

Silicon Canals | Find a job

Top news | from Amsterdam

Check out the Amsterdam startups that raised funding in November; 5 of them are hiring

Amsterdam-based startups that are fundraising right now

Dutch-Swiss startup Cradle raises €21.9M for pioneering Generative AI in protein design

Germany’s Sastrify expands market reach; acquires Amsterdam-based Pengu and raises fresh funds

Amsterdam’s LAYCO raises €300K to make healthcare more sustainable and accessible

  • About Silicon Canals
  • Partner with Silicon Canals
  • Impressum
  • Contact us
  • Sign up for our newsletter!
  • Find a job
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

No Result
View All Result
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • AI and chatbots
    • FinTech
    • Business Wire
    • Travel & Mobility
    • Coin Canals
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Amsterdam
    • Community partners
    • Remote: Tech Talent Report
    • Guest Contributions
  • Find a job
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Sign up for our newsletter!
    • Contribute your content
    • Team
    • About us
  • Partner with us

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

X
X