Total amount raised
$53.5 Millions
Latest funding date
9/1/2024
Location
Kapiva has successfully raised funding over multiple rounds, attracting significant interest from investors. The company specializes in modern Ayurvedic products aimed at providing complete nutrition.
Keep reading to explore the intricacies of Kapiva's fundraising journey and the investors backing this innovative platform.
What Is Kapiva?
Kapiva, founded in 2016, is a leading Ayurvedic brand based in Mumbai, Maharashtra, India. The company was established by Ameve Sharma, Shantanu, and Shrey Badhani.
Specializing in modern Ayurvedic products, Kapiva offers over 200 GMP-certified remedies developed by a team of more than 70 doctors and scientists. Their product range addresses various health concerns, including gym foods, heart care, and daily wellness.
With a workforce of 251-500 employees, Kapiva continues to innovate in the field of Ayurveda, providing effective and natural solutions for a healthier lifestyle.
How Much Funding Has Kapiva Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: November 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to kickstart operations and product development.
- Series A
- Amount Raised: $2.5M
- Date: January 2019
- Lead Investors: Fireside Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and increase market presence.
- Series A
- Amount Raised: $2M
- Date: April 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance distribution channels.
- Series B
- Amount Raised: $11M
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and product innovation.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: October 2021
- Lead Investors: Malaika Arora
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage celebrity endorsement for brand visibility.
- Series C
- Amount Raised: $28M
- Date: September 2022
- Lead Investors: 3one4 Capital, OrbiMed, Vertex Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product development.
- Series C
- Amount Raised: ₹835M (approximately $10M)
- Date: September 2024
- Lead Investors: OrbiMed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support further expansion and development initiatives.
Total Amount Raised: $53.5M
Current Valuation: Not publicly disclosed
Key Investors
- OrbiMed
- Details: OrbiMed is a leading investment firm dedicated to the healthcare sector. They manage over $18 billion in assets across public and private equity, as well as royalty opportunities.
- Investment Focus Areas: Biotechnology, pharmaceuticals, medical devices.
- Notable Investments: Intarcia Therapeutics, Alector, Reata Pharmaceuticals.
- 3one4 Capital
- Details: 3one4 Capital is an early-stage venture capital firm based in India. They focus on backing companies that leverage technology to create scalable solutions.
- Investment Focus Areas: SaaS, fintech, digital media.
- Notable Investments: Licious, Darwinbox, Betterplace.
- Vertex Ventures
- Details: Vertex Ventures is a global network of venture capital funds. They invest in high-growth technology and healthcare companies.
- Investment Focus Areas: Enterprise technology, consumer internet, healthcare.
- Notable Investments: Grab, PatSnap, FirstCry.
- Malaika Arora
- Details: Malaika Arora is a well-known Indian actress, dancer, and model. She has recently ventured into the business world as an investor.
- Investment Focus Areas: Health and wellness, lifestyle brands.
- Notable Investments: SARVA Yoga, The Label Life.
- Fireside Ventures
- Details: Fireside Ventures is an early-stage venture fund that focuses on consumer brands in India. They aim to support innovative and disruptive consumer products.
- Investment Focus Areas: Consumer brands, food and beverages, personal care.
- Notable Investments: Mamaearth, Boat, Vahdam Teas.
What's Next for Kapiva?
Kapiva is poised to capitalize on the growing consumer interest in natural and organic health products. With the recent $10 million funding round led by OrbiMed, the company plans to expand its product lines and enhance its market presence. The increasing ESOP pool will help attract top talent, further driving innovation and growth.
As the D2C Ayurveda market continues to flourish, Kapiva is well-positioned for future fundraising opportunities. The ongoing Series C round aims to raise a total of Rs 250 crore, providing ample resources for scaling operations. However, the company faces challenges such as intense competition and managing losses, which stood at Rs 64.5 crore for FY23.
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