The Mahuwa, Gujarat-based startup intends to utilize the funds for business growth, aiming to double its operations before pursuing a series A funding round.
Started on 2021 by Takki Zain and Shivansh Jain, Dr Mantra offers Ayurved based treatment to people suffering from lifestyle diseases such as kidney stones, piles, obesity, sexual wellness & PCOS, using 3x scientific approach, Ayurvedic products, diet plan, doctor support. The startup website reads "60% faster treatment with personalised ayurvedic approach with 93% success rate".
In a LinkedIn post, Dr Mantra Co-founder, Takki Zain, said — "After being backed by 100X.VC in Jan 2023, we scaled the revenue to 3x in just 6 months, we are again back to positive unit economics at 60 Lakhs MRR, which caught the eyeballs of Deep Bajaj."
On investment in Dr Mantra, Deep Bajaj, said - "The conviction of the founders to build this profitably is what captivated me. Those are the kind of companies which are built on customer love & trust and any team working on this is bound to be successful"
Zain further said, "...we have already impacted the lives of more than 20,000 patients & found a win-win. I am proud to say that I am a part of a purpose-driven brand that not only talks the talk but walks the walk. Thanks to our dedicated team without whom this wouldn't have been possible."
This week, Ayurvedic babycare firm BabyOrgano also raised $150K in pre-seed funding from DevX Venture Fund.
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