Mahesh Babu invests in Hyderabad-Based nutrition brand Fitday

Mahesh Babu’s involvement brings increased credibility and visibility to Fitday, the company said

e4m by e4m Staff
Published: Sep 9, 2024 12:29 PM  | 2 min read
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Fitday, a nutraceutical startup in India, has announced a strategic investment from Mahesh Babu’s firm, GMB Entertainment.

“With a presence in over 10,000 stores, Fitday has established a strong foundation in the retail market. Mahesh Babu’s investment will help amplify Fitday’s retail footprint and support its expansion into new markets. This partnership not only reaffirms Fitday’s commitment to promoting health and wellness but also highlights the brand’s potential for growth and innovation within the nutraceutical industry. Mahesh Babu’s involvement brings increased credibility and visibility to Fitday, attracting a wider audience and driving potential growth in a competitive market,” stated a press release.

His personal dedication to health and fitness has influenced this investment, reflecting his values and commitment to the brand's mission. India’s nutraceutical sector has seen significant growth, driven by a shift in consumer behaviour. A report by Avendus has forecasted that India is the fastest growing health food market, expanding at 20% CAGR, which is 3x the global average. It is set to become a ₹ 2.5 lakh crore market opportunity by 2026. This growth is supported by rising health awareness, increasing disposable incomes, and favorable government policies, stated the release.

Expressing his enthusiasm about the partnership, Mahesh Babu said, “I’m thrilled to support Fitday's pioneering work in the nutrition, snack, and nutraceutical markets. Their commitment to innovation and quality deeply resonates with my values. I believe their new product line will set industry standards. This investment reflects my strong belief in their vision and their ability to impact health and wellness across India.”

Fitday’s Founder and CEO, Suresh Raju, added, “We’re grateful to have earned the trust of superstar Mahesh Babu. While we've received numerous investment proposals, we’ve been strategic in choosing the right opportunities, always prioritizing partnerships that align with our vision.”

Published On: Sep 9, 2024 12:29 PM