Kapiva Raises $60M in Series D Funding to Expand Ayurvedic Wellness Globally
Ayurveda wellness brand Kapiva has raised a significant $60 million in a Series D funding round. The round, which included $28 million in primary capital and $32 million in secondary transactions, provides exits to early investors. Notable participants in this round include 360 ONE Asset, Vertex Growth, and existing backers, with Sistema Asia Fund also supporting the round that began in 2023.
Kapiva, with a projected market size of about Rs 3.21 lakh crore by 2032, is expanding its reach. Its products, ranging from supplements and gummies to skincare, are available in over 40,000 offline retail stores and online platforms. The brand has raised nearly $90 million since its inception, including Rs 300 crore in secondary share sales, and is operating at an annual revenue run rate of around Rs 550 crore with a growth rate of over 80% year-on-year.
Kapiva plans to utilize the fresh capital for various strategic initiatives. This includes research and development to enhance its product offerings, bolstering manufacturing capabilities, strengthening brand-building efforts and marketing strategies. Additionally, the company aims to expand internationally, bringing its ayurvedic wellness solutions to a global audience.
With the successful closure of its Series D funding round, Kapiva secures $60 million to fuel its growth and expansion. The brand's commitment to ayurvedic wellness, demonstrated by its wide range of products and strong market presence, has attracted significant investment. As Kapiva looks to the future, it plans to leverage this funding to drive innovation, strengthen its operations, and expand its reach, both domestically and internationally.
