"We have launched 13 products within five broad categories, vision, liver, heart, diabetes, and gut and will focus on online marketing and promotion. Looking at the growth prospects, we are expecting to clock Rs 100 crore revenues by 2021," Setu Wellness CEO Nihaal Mariwala told PTI here.
Besides India, the startup has a partner in the product space in the US. After six months, Setu hopes to expand its product portfolio. In the initial phase, it is focussed on big metros such as Tier 1 and Tier 2 cities, Mariwala said adding that the age group it is targeting is 30-45 years of age.
Setu is a homegrown, digitally native online brand that aims to provide with high-quality, scientifically validated, natural solutions that can significantly enhance the quality of life. Our aim is to not only to address new age problems but also provide consumers with the knowledge that they would need to make an informed choice about their health, Mariwala said.
OmniActive Health Technologies, the parent company, is an ingredient supplier across the dietary supplement and functional foods across the world, he added.
OmniActive is also looking at more strategic acquisitions in the domestic as well as foreign markets and has drawn up capital expenditure plans of around Rs 150 crore in the next three years period for expansion and R&D programme.