SUMMARY
- The Wellness Co has secured Rs 60 crore from EasyMyTrip for a 30% equity stake in its parent company, Rollins International Pvt Ltd.
- This includes a 30% stake in Rollins International for Rs 60 crore and a 49% stake in Pflege Home Healthcare Center LLC for Rs 30 crore.
- The funding will allow The Wellness Co. to expand its presence in major cities across India and abroad.
Luxury wellness brand The Wellness Co has secured Rs 60 crore from the online travel aggregator EasyMyTrip for a 30% equity stake in its parent company, Rollins International Pvt Ltd.
EasyMyTrip’s parent entity, Easy Trip Planners, has given the green light for the acquisition of two companies, bringing the total deal value to Rs 90 crore. This includes a 30% stake in Rollins International for Rs 60 crore ($7.15 million) and a 49% stake in Pflege Home Healthcare Center LLC for Rs 30 crore ($3.5 million).
With this move, the wellness brand aims to strengthen its foothold in the growing health and wellness tourism industry.
The funding will allow The Wellness Co. to expand its presence in major cities across India and abroad, taking advantage of the increasing interest in wellness tourism, the company said.
Moreover, the investment will help The Wellness Co. to grow its lineup of advanced, medically supervised treatments such as cryotherapy, HBOT, IV Drip Therapy, and Red Light Therapy, thereby improving both physical and mental health. Supported by EaseMyTrip, the brand plans to merge luxury wellness services with travel, offering travelers easy access to health therapies focused on well-being.
The Wellness Co operates high-end wellness clinics that provide personalized wellness solutions. The brand specializes in a variety of advanced and holistic therapies designed to promote overall well-being. The Wellness Co is a subsidiary of Rollins International Pvt Ltd, a part of Singapore-based RHA Holding Pte Ltd.
Rollins International has a diverse portfolio that includes wellness, healthcare, and consumer goods. This includes products like gluten- and lactose-free food items, allergen-free health supplements, and specialized wellness treatments.
The Wellness Co currently operates flagship centers in Gurugram, New Delhi, Mumbai, Hyderabad, and Bengaluru. Following an investment from EaseMyTrip, the company plans to expand its presence in new cities such as Kolkata, Pune, and Chennai, as well as venture into international markets, including the Middle East and Southeast Asia.
With the backing of EaseMyTrip, The Wellness Co is set to expand in the global wellness tourism sector. The brand intends to introduce wellness packages that combine luxury accommodations with health treatments, targeting both leisure travelers and those seeking preventive care.
“With EaseMyTrip as our partner, we are not only broadening our reach but also shaping the future of health tourism. Our therapies are crafted to enhance lives through advanced, results-oriented solutions, and with this support, we are ready to present them on a global platform,” stated Rishabh Jain, co-founder of The Wellness Co.
Cofounder of The Wellness Co. Rohan Jain also shared, “Our goal has consistently been to empower individuals to pursue healthier lifestyles through scientifically supported wellness solutions. With the strategic investment from EaseMyTrip, we can now integrate wellness with travel, capitalizing on the burgeoning health tourism sector. This collaboration enables us to extend our services to a broader audience, both domestically and internationally.”
Founded in 2008, EaseMyTrip, by brothers Nishanth, Rikant, and Prashant Pitti, became a publicly traded entity in March 2021. Following its IPO, the company has been diligently broadening its portfolio of travel services to meet the changing demands of its clientele.
In the first quarter of FY25, EaseMyTrip saw a 31% growth in its net profit, reaching Rs 33.9 crore, increasing from a profit of Rs 25.9 crore in Q1 FY24. The company’s gross operating revenue also saw a 23% rise to Rs 152.6 crore during this period, marking a substantial increase from the same quarter the previous fiscal year, which reported a revenue of Rs 124 crore.
