Growthwell - About the company
Growthwell is a series A company based in Singapore (Singapore), founded in 2019 by Justin Chou Zhi Qi. It operates as a Developer of plant-based protein alternative. Growthwell has raised $30M in funding from Temasek and Creadev. The company has 13 active competitors, including 7 that are funded. Its top competitors include companies like TiNDLE, Shiok Meats and Shandi Global.
Company Details
Growth is a developer of plant-based protein alternative. It offers various products which includes 'Chickp', a plant-based protein alternative; 'Gomama', plant-based ready-to-eat dishes; 'Okk', egg-free plant-based sauces; and more. It also provides services for building private labels.
- Website
- growthwellfoods.com
- Email ID
- *****@growthwellfoods.com
- Phone Number
- +65 **********
Key Metrics
Founded Year
2019
Location
Singapore, Singapore
Stage
Series A
Total Funding
$30M in 2 rounds
Latest Funding Round
Ranked
2nd among 13 active competitors
Annual Revenue
11M SGD as on Dec 31, 2022
Employee Count
18 as on Mar 31, 2026
Investment & Acquisitions
Similar Companies
Legal entities associated with Growthwell
Growthwell is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
GROWTHWELL GROUP PRIVATE LIMITED CIN: 201719163W , Singapore, Active | $8M (As on Dec 31, 2022) | - |
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Growthwell's funding and investors
Growthwell has raised a total funding of $30M over 2 rounds. Its first funding round was on Apr 27, 2020. Its latest funding round was a Series A round on Sep 16, 2021 for $*****. 5 investors participated in its latest round. Growthwell has 9 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Growthwell:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 16, 2021 | 6601188 | Series A | 2030580 | 7541693 | 5470711 | 6180122 |
Apr 27, 2020 | 5269401 | Series A | 9689197 | 2813995 |
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Growthwell's founders and board of directors
Founder? Claim ProfileThe founders of Growthwell is Justin Chou Zhi Qi. Justin Chou Zhi Qi is the CEO of Growthwell.
Here are the details of Growthwell's key team members:
- Justin Chou Zhi Qi: Founder & CEO & Executive Director of Growthwell. They serve on the board of 1 company.
Growthwell's Board of Directors
Growthwell's board has 6 active members. Justin Chou Zhi Qi is part of team and Chou Shih Hsin, Nadkarni Shivendu Shashikant, Pascal De Petrini, Charles Edouard Jean Francois and Tung Kum Seng are independent board members.Here is the list of Growthwell's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 8y 10m | |
Independent board member | - | Current | 8y 10m | |
kfqxibt | Independent board member | - | Current | 5y 6m |
smxfthu | Independent board member | - | Current | 1y 8m |
zyuxeyi | Independent board member | - | Current | 7y 7m |
pqdygsb | Independent board member | - | Current | 5y 2m |
qxyk{jh | Independent board member | - | Past | 9y 7m |
cyzmkxa | Independent board member | - | Past | 7y 8m |
s{xhosb | Independent board member | - | Past | 3y 2m |
nazxdex | Independent board member | - | Past | 7y 3m |
uqb{ftl | Independent board member | - | Past | 1y 1m |
mozjuhh | Independent board member | - | Past | 8y 3m |
View details of Growthwell's Founder profiles and Board Members
Growthwell's employee count trend
Growthwell has 18 employees as of Mar 26. Here is Growthwell's employee count trend over the years:
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Growthwell's Competitors and alternates
Top competitors of Growthwell include TiNDLE, Shiok Meats and Shandi Global. Here is the list of Top 10 competitors of Growthwell, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Chain of restaurants serving chicken | $132M | 61/100 | ||
2nd |  Growthwell 2019, Singapore (Singapore), Series A | Developer of plant-based protein alternative | $30M | 52/100 | |
3rd |  Shiok Meats 2018, Singapore (Singapore), Series A | Manufacturer and supplier of lab-cultured meat products | $30.7M | 48/100 | |
4th |  Shandi Global 2018, Singapore (Singapore), Seed | Platform offering plant-based chicken alternatives | $700K | 42/100 | |
5th | Platform offering contract manufacturing platform of planet-based meats | $2.97M | 36/100 | ||
6th | Restaurant serving jackfruit and healthy food | $1.7M | 36/100 | ||
7th | Developer of lab-grown cultivated meat alternative | $3.75M | 36/100 | ||
8th | Platform offering plant-based protein | - | - | 32/100 | |
9th | Developer of plant-based nutritious food products | - | - | 30/100 | |
10th |  Ants Innovate 2020, Singapore (Singapore), Unfunded | Provider of cell-based meat alternatives | - | - | 25/100 |
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Growthwell's Investments and acquisitions
Growthwell has a total of 1 investment in ChickP. Growthwell has not made any acquisitions as of now.Reports related to Growthwell
Here is the latest report on Growthwell's sector:
News related to Growthwell
•
Temasek-backed foodtech firm names new group CEO, buys stake in Israeli peerTech in Asia•Apr 05, 2022•Growthwell
•
•
Malaysia gets $37.8m venture debt fundTech in Asia•Dec 20, 2021•Iris Capital, Hanwha, Penjana Kapital, Growthwell
•
Growthwell Foods’ plant-based facility opens as Singapore’s appetite for alternative proteins growsFoodIngredientsFirst•Nov 26, 2021•Growthwell
•
Temasek joins $22m round of Singapore plant-based meat makerTech in Asia•Sep 16, 2021•Growthwell, Temasek, Creadev, DSG Consumer Partners and 3 others
•
Temasek leads $8m round for plant-based meat player GrowthwellDeal Street Asia•Apr 27, 2020•Temasek, Growthwell, DSG Consumer Partners, Insignia Ventures Partners and 4 others
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