Kapiva, a D2C ayurvedic nutrition brand that is locally produced, has secured Rs 83.5 crore (approximately $10 million) in funding. The round was led by OrbiMed Asia, with the participation of 3One4 Capital and Vertex Ventures.
A special resolution has been enacted by the Kapiva board to issue 5,62,631 compulsory convertible preference shares in order to raise the aforementioned sum.
OrbiMed Asia was the first to participate in the round, contributing Rs 52.2 crore. 3One4 Capital and Vertex Ventures contributed Rs 11.96 crore and Rs 19.33 crore, respectively. The new funding is believed to be a component of Kapiva’s Series C round, which is intended to raise a total of Rs 250 crore.
The company has successfully raised Rs 132 crore in the ongoing round with the addition of the new tranche. In October 2022, it had already secured Rs 48.75 crore ($6 million) in Series C from OrbiMed and other existing investors.
Kapiva has also expanded its ESOP by introducing 1,415,00 new employee stock, resulting in a total ESOP pool of 4,47,741, as indicated by a separate filing. The ESOP fund size is currently valued at Rs 66 crore, according to Entrackr’s estimates.
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Kapiva will allocate these funds to its expansion and development. Jetty Ventures, Fireside, OrbiMed, 3One4Capital, and other notable investors have contributed to Kaviva’s more than $30 million in raised capital. The company has been valued at approximately $80 million post-allotment, according to the startup data intelligence platform TheKredible.
Kapiva is an ayurvedic nutrition brand that provides a variety of natural and organic health and hygiene products, including juices, tea, oils, and shakes, to address hair loss, weight loss, digestion, and diabetes.
About Kapiva
Founded in 2016 by Ameve Sharma, Kapiva is an Ayurvedic result-driven brand consisting of everyday products that are infused with pure Ayurvedic herbs.
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