Gurugram headquartered fitness and nutrition brand The Healthy Company witnessed its top line dwindling 26% to Rs 1.26 crore in the fiscal year ending March 2023. The firm registered a revenue of Rs 1.7 crore in FY22.
Its revenue from operations followed with a similar drop to over Rs 1.2 crore in FY23 from Rs 1.6 crore the preceding fiscal.
Set up by Ackshay Jain and Devansh Jain, the platform manages user’s diet and lifestyle through its mobile app- Eva: Health Coach.
It provides health transformation plans, expert consultations, and a community for health focused individuals. The offerings come with a plan that guides the user through their day-to-day nutritional requirements.
The six year old firm last secured over Rs 2 crore in an extended Seed round led by FirstPort Capital. Post the infusion of the fundraise, founders Devansh Jain Nawal and Ackshay Jain held equal shares of about 31% each. Stakeholder Beacon Trusteeship has close to 8% of the company’s shares.
A year prior to this, the firm has raised an undisclosed amount for its Seed round led by DSG Consumer Partners and GetVantage in early 2021.
As for expenses, The Healthy Company spend over 24% on employee benefits and over 23% on advertisements and promotional costs. Legal and professional charges took up more than 16% the same year.
This pushed its overall expenditure to Rs 3.5 crore, a 12% growth as compared to FY22’s Rs 3.2 crore.
The firm saw it losses rising 60% to Rs 2.3 crore the same year from the preceding fiscal’s Rs 1.4 crore. Its current EBITDA margin dropped to -180.08% and ROCE dwindled to -244.87%.