Fidelity leads £3.5 million Wahanda investment

Online health and beauty marketplace Wahanda has raised £3.5 million in a Series B investment round led by venture and growth equity investor Fidelity Growth Partners Europe.

Lopo Champalimaud and Salim Mitha, former executives with and Yahoo respectively, founded Wahanda in 2008. The deal and information website enables people to learn about health, beauty and wellness, search for and book treatments, receive discounts, and share their recommendations and reviews with other users.

The Series B funding will be used to accelerate the company’s growth both in the UK and overseas. It now has more than 10 million consumers visiting the site each year and 250,000 businesses listing their services.

The company’s backers include prominent entrepreneurs Brent Hoberman, founder of and, Stefan Glaenzer, former executive chairman of and founder of Passion Capital, Ambient Sound Investment (ASI), founding engineers at Skype, and Wolf Hengst, a leading figure in the hotel hospitality and spa industry and the former COO and president of Four Seasons Hotels & Resorts.

Champalimaud, CEO of Wahanda, comments, ‘Our vision is to do for health, beauty and wellness what Amazon did for books. We have created an online destination where people can find, discover, share and book anything they want to do with health, beauty and wellness.’

Davor Hebel, partner at FGPE who joins the board of Wahanda, adds,’We have been very impressed by the traction that Wahanda has gained in the short time since inception. Lopo had an original idea to transform the health and beauty market by partnering with merchants, while offering the customers a one-stop shop for their wellness needs.’

Todd Cardy

Todd Cardy

Todd was Editor of between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital.

Related Topics

Series B funding