Kapiva Nears Rs 330 Crore Fundraise Amid Investor Confidence

• 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