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Healthtech start-up, K&L Wellness Technology Pvt. Ltd (also known as RESET Tech), has raised a seed round of ₹30 crore from angel investors Vimal Kedia and Surendra Kedia of Manjushree Ventures and Narendra Firodia of Sohamm Group.
Founded by serial entrepreneur Karan Talreja and lifestyle coach Luke Coutinho, the company provides therapeutic-based health solutions to lifestyle diseases, using natural, sustainable and traditional methods of yoga and meditation. The duo also runs a health and fitness brand called RESET Life, out of Mumbai and Bengaluru.
The investment was led by Narendra Firodia, Vimal Kedia and Surendra Kedia. Narendra Firodia is renowned for his diversified role in telecommunications, real estate and the hospitality industry. Vimal Kedia and Surendra Kedia founded and led a successful packaging company called Manjushree Technopack until they sold their stake in the business to a global private equity company, Advent Intl. They have invested in a variety of consumer-led business start-ups with specific focus on health, wellness and nutrition. This focus has led them to invest in K&L Wellness Technology.
The funds will be invested to launch and scale its healthtech platform. The platform will blend ancient therapeutic research with its cutting-edge technology to offer sustainable methods, solutions and practices. Additionally, the company will also look to expand its team and build strong and scalable infrastructure.
Commenting on the investment, Managing Director, Manjushree Technopack Ltd, Vimal Kedia said, “We see this as a good opportunity, given the demand being generated in the health sector. We see value and potential in traditional therapeutic methods like yoga and meditation, as a means for health care in future.”
Narendra Firodia, founder, Sohamm Group said, “We’re always on the lookout for exciting ventures to invest in. Providing top notch services in healthcare through therapeutic means is the need of the hour. We resonate with the company’s vision and are bullish on the expansion plans.”
Adding to this, co-founder of K&L Wellness Technology, Karan Talreja said, “We are glad that our investors are aligned with our vision to spread the importance of health care through yoga and meditation. The company will utilise the funds to create a robust wellness technology platform by early next quarter.”
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