Delhi-NCR-based cannabis wellness startup Awshad, which has recently completed one year of its India operations, has announced that it has witnessed 100 percent growth in since its inception in 2021.
During the last one-year period, the startup has seen a notable jump in its revenue and its products’ sales have skyrocketed by more than 2x. This kind of exponential growth has been achieved by Awshad despite the ongoing pandemic and the existing regulatory hurdles and low awareness currently for the cannabis sector in our country.
Notably, Awshad has also, in its first year of operations, ventured into the pet wellness domain by launching its novel product named Full Spectrum Vijaya Oil (CBD Oil) for Pets. On the other hand, to enable holistic well-being for humans, they have launched Awshad Full Spectrum Vijaya Oil in the form of oral tinctures in 3 distinct flavours (i.e. natural, tulsi and peppermint) – which is already very well-received and is creating a stir in the Indian wellness market. Awshad’s products are lab-tested and certified at ACS Laboratory in Florida (USA), and are licensed by the Ministry of AYUSH, Government of India.
According to an internal customer survey conducted by Awshad recently, it was found that 47.2 percent of their users are using their products for overall wellness, while 52.8 percent are using the products for moderate to severe ailments. On the other hand, the survey also shows that among the major cities of the nation, Delhi is leading in terms of Awshad’s cannabis wellness products’ adoption, followed by Mumbai, Bengaluru, Hyderabad, Pune and Jaipur, among other cities.
Shivam Singh, Co-Founder & CEO, Awshad says, “We at Awshad are happy to note that our flagship cannabis wellness products have established trust among our consumers and doctors alike and enabled rapid growth trajectory for our company. In the long run, we are aiming at leadership within this category in India by becoming the most trusted brand in India’s cannabis wellness space, and providing high-end, superlative and innovative products to our customers. We strongly believe that the future of Awshad and the cannabis wellness space in India are tied together; hence in the years to come, we will continue to do everything in our capacity to educate and bring large-scale awareness about the tremendous health and wellness wonders of cannabis.”