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SuperCluster Pi, a House of Brands (HoB) startup, has raised $2 million within the Seed funding spherical led by Bobby Balachandran of Exterro Inc with participation from marquee angel networks comparable to Inflection Point Ventures (IPV), Hyderabad Angels, Faad Network and AngelBay. Key social influencers together with Bhuvan Bam, Ranveer Allahbadia of Beer Biceps, Praful Billore (MBA Chaiwala), Arvind Arora (A2) amongst others have additionally invested within the spherical. The startup intends to make use of 70% of the contemporary funds to make acquisitions and the remainder to gas the expansion of the manufacturers, develop its group and improve its model advertising and marketing actions.
“SuperCluster Pi is on a mission to make India more healthy by curating all entrepreneurial efforts within the proactive wellness sector collectively. We are dedicated to creating a wholesome life-style doable, accessible and sustainable. Our group is thrilled to be backed by traders with capital, help and steering early on in our journey. The startup will proceed to develop and purchase manufacturers within the proactive wellness sector in order that our mission of constructing a more healthy tomorrow turns into a actuality,” mentioned Vishnu Prasath Devrajan, founding father of SuperCluster Pi.
SuperCluster Pi is focusing on acquisitions of 6 to eight D2C manufacturers over the subsequent 12 months, and aiming for $20 million in annualized gross merchandise worth (GMV) run-rate. The startup has acquired a complete of three D2C manufacturers over the past 6 months, reaching greater than 30,000 shoppers each month. Backed by a workforce of over 100 group members with experience in digital advertising and marketing and scaling manufacturers, the HoB acquires and scales up D2C manufacturers which are client centric, drawback fixing and socially aware, claimed by the corporate in an announcement.
“SuperCluster Pi is exclusive in its proposition of constructing the society – folks and enterprise – work in direction of a standard purpose of a more healthy tomorrow. Their group has proven immense potential with the prevailing portfolio of D2C manufacturers by taking them sooner and nearer to digital first shoppers. We are extraordinarily bullish on the imaginative and prescient and the sustainable enterprise mannequin of SuperCluster Pi,” mentioned Rathnakar Samavedam, funding director at Hyderabad Angels.
Founded in 2021 by Vishnu Prasath Devarajan, SuperCluster Pi is a D2C House of Brands within the wellness house.