Total amount raised
$6 Millions
Latest funding date
Location
Evenflow has successfully raised funding from a diverse group of investors, including Venture Catalysts and Sunder Ramachandran, to support its mission of acquiring and scaling e-commerce businesses. The company focuses on transforming third-party brands that sell on platforms like Amazon and Flipkart into thriving consumer brands.
Keep reading to explore the intricacies of Evenflow's fundraising journey and the investors backing this innovative platform.
What Is Evenflow?
Evenflow, founded in May 2021 by Pulkit Chhabra and Utsav Agarwal, is headquartered in Mumbai, Maharashtra, India. The company operates in the e-commerce industry, focusing on acquiring and scaling third-party brands that sell on platforms like Amazon and Flipkart.
With a team of 11-50 employees, Evenflow integrates acquired businesses across the value chain and implements growth strategies in branding, marketing, and global expansion. Their mission is to transform these businesses into thriving consumer brands.
How Much Funding Has Evenflow Raised?
- Pre-Seed Round
- Amount Raised: $1M
- Date: June 2021
- Lead Investors: 100Unicorns, Equanimity Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and acquire initial brands for scaling.
- Seed Round
- Amount Raised: $5M
- Date: December 2021
- Lead Investors: 100Unicorns, Venture Catalysts, Village Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the portfolio of acquired brands and enhance operational capabilities.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and prepare for future growth.
- Series A
- Amount Raised: Not publicly disclosed
- Date: October 2024
- Lead Investors: Shail Patel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and grow the global presence of acquired brands.
Total Amount Raised: $6M
Current Valuation: Not publicly disclosed
Key Investors
- Shail Patel
- Details: Shail Patel is a serial entrepreneur and the Director at Adjavis Venture Limited, a personal care company. He has been involved in various entrepreneurial ventures and investments.
- Investment Focus Areas: Personal care, consumer goods.
- Notable Investments: Adjavis Venture Limited, known for brands like LAYER’R Wottagirl and LAYER’R SHOT.
- 100Unicorns
- Details: 100Unicorns is a venture capital firm that focuses on investing in high-growth startups. They have been a significant player in the venture capital space.
- Investment Focus Areas: High-growth startups, innovative companies.
- Notable Investments: Various high-growth startups.
- Venture Catalysts
- Details: Venture Catalysts is a leading early-stage incubator and accelerator in India. They provide funding, mentorship, and networking opportunities to startups.
- Investment Focus Areas: Early-stage startups, technology, consumer goods.
- Notable Investments: Not explicitly mentioned.
- Village Global
- Details: Village Global is a venture capital firm backed by some of the world’s most successful entrepreneurs. They focus on early-stage investments.
- Investment Focus Areas: Early-stage startups, technology, innovative companies.
- Notable Investments: Multiple innovative startups.
- Equanimity Investments
- Details: Equanimity Investments is a venture capital firm that invests in high-potential startups. They focus on providing strategic support and funding.
- Investment Focus Areas: High-growth startups, technology, consumer goods.
- Notable Investments: Various startups.
What's Next for Evenflow?
Evenflow's future is brimming with opportunities as it aims to expand its operations and grow its seven acquired brands. The company plans to increase its global presence by entering new markets, leveraging its significant growth on platforms like Amazon and Flipkart. This expansion is expected to boost revenue tenfold and profits sixfold by 2027.
In terms of fundraising, Evenflow is preparing for an IPO by the end of 2027, indicating potential for additional funding rounds to support its ambitious growth targets. However, the company may face challenges such as managing expansion into new markets and navigating a tougher funding environment. Despite these hurdles, Evenflow's strategic focus on low-risk and stable returns positions it well for future success.
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