NewsAnchor

Kapiva Nears Rs 330 Crore Fundraise Amid Investor Confidence

NewsAnchor · 2024-09-19T08:38:58.423275+05:30

- Kapiva, a D2C ayurvedic brand, is close to raising Rs 330 crore in an internal round led by OrbiMed. - Other investors like Fireside Ventures, Vertex Ventures, and 3one4 Capital may also participate. - The brand, started in 2016, offers products for hair fall, weight loss, diabetes, and digestion. - Kapiva's valuation is expected to reach $130-150 million post-fundraise. - Despite growing revenue, the company's losses widened to Rs 65 crore in FY23 due to expansion efforts. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/d2c-ayurvedic-products-startup-kapiva-nears-deal-to-raise-rs-330-crore-in-internal-round-12824270.html)

Kapiva, a D2C ayurvedic brand, is close to raising Rs 330 crore in an internal round led by OrbiMed.
Other investors like Fireside Ventures, Vertex Ventures, and 3one4 Capital may also participate.
The brand, started in 2016, offers products for hair fall, weight loss, diabetes, and digestion.
Kapiva's valuation is expected to reach $130-150 million post-fundraise.
Despite growing revenue, the company's losses widened to Rs 65 crore in FY23 due to expansion efforts.

Source: Moneycontrol