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Investments

2

Portfolio Exits

1

About Satish Khanna

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Latest Satish Khanna News

Consumer focused VC fund Sixth Sense puts Rs 15 crore in Fullife Healthcare

Jun 21, 2018

Consumer focused VC fund Sixth Sense puts Rs 15 crore in Fullife Healthcare Founded by Satish Khanna, the former group president of healthcare firm Lupin, Fullife Healthcare sells sports nutrition supplements with a focus on innovative delivery patented formats. Supraja Srinivasan  |  ET Bureau  |  June 21, 2018, 10:38 IST Marking its first investment in the nutrition and healthcare space, consumer focused venture capital fund, Sixth Sense Ventures has invested about $2 million (between Rs 10-15 crore) in Fullife Healthcare which sells sports nutrition supplements. The investment will see Sixth Sense pick up a 10% stake in the 5-year-old company which also counts veteran market investor Rakesh Jhunjhunwala as its angel investor. Jhunjhunwala had invested about Rs 25-30 crore in the firm about 3 years ago. Founded by Satish Khanna , the former group president of healthcare firm Lupin, Fullife Healthcare sells sports nutrition supplements with a focus on innovative delivery patented formats. The firm sells its products across 20 countries and has been scaling its growth in India in the emerging ‘active life’ segment under the brand ‘Fast & Up’. “Fullife is among the first players in the nascent category of sports nutrition in India. While globally the market is about $45 billion, in India it is less than $400 million. The capability to be a first mover in such a market offers Fullife the opportunity to grow to an Rs 500-700-crore business over the next 3 years,” said Nikhil Vora , CEO of Sixth Sense Ventures. Post this investment, the promoters along with Rakesh Jhunjhunwala and Sixth Sense Ventures will be the lead shareholders in the firm. Currently, non-Indian markets form the bulk of Fullife Healthcare’s revenues with products being marketed globally. However, the firm has also been building its distribution channels in India through nutrition shops and organised pharma chains to enable steady supply of its products here. This will aid the firm to reach its target revenue of Rs 75-80 crore in FY19 having clocked about Rs 50 crore in FY18. Currently, products under Fast & Up are being used by the Indian Cricket team even as the firm has begun approaching global soccer leagues for usage of its supplements. RELATED

Satish Khanna Investments

2 Investments

Satish Khanna has made 2 investments. Their latest investment was in Fitternity as part of their Series A on April 4, 2018.

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Satish Khanna Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/2/2018

Series A

Fitternity

$2M

Yes

3

12/14/2017

Angel

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10

Date

4/2/2018

12/14/2017

Round

Series A

Angel

Company

Fitternity

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Amount

$2M

New?

Yes

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Co-Investors

Sources

3

10

Satish Khanna Portfolio Exits

1 Portfolio Exit

Satish Khanna has 1 portfolio exit. Their latest portfolio exit was Fitternity on February 09, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/9/2021

Acquired

7

Date

2/9/2021

Exit

Acquired

Companies

Valuation

Acquirer

Sources

7

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