News · Healthcare & Life Sciences
Kapiva builds science-backed ayurvedic brand
By Startup Enthusiast ·
- Date
- Company
- Kapiva
- What it does
- D2C ayurvedic supplements brand
- Kind
- News
- Founded
- 2016
What they do
Kapiva sells ayurvedic supplements for wellness, diabetes, heart health and gym nutrition
What happened
Founded in 2016, it raised nearly $120 Mn from investors including Fireside Ventures and OrbiMed
Why it matters
It focuses on clinical trials and R&D to attract younger consumers wary of heavy metals
The details
- Kapiva was launched as a D2C ayurvedic brand in 2016, with its first products rolled out in 2017.
- It initially sold supplements for diabetes and heart ailments through contract manufacturing, later moving to own formulations.
- The company opened ayurvedic clinics in Mumbai but shut them down by 2018 due to high costs and limited reach.
- It pivoted to an online-first D2C model, selling through its own website, Amazon and Flipkart.
- From 2019 to 2021, it hired a dedicated R&D head and built a team of 15-20 researchers.
- It began clinical trials including in vitro and in vivo studies, and products now undergo up to 10 levels of testing.
- In 2022, it raised a $28 Mn Series C from OrbiMed, which brought global healthcare expertise and DNA fingerprinting.
- Last year, it raised a $60 Mn Series D from 360 One Asset and Vertex Ventures to bolster R&D, manufacturing and marketing.
The bigger picture
- India's ayurveda market is one-fourth of the $40 Bn pharma market, while China's traditional medicine market is a $50 Bn opportunity in an $80 Bn pharma market.
- India's ayurveda lacks rigorous evidence-based scientific research, and heavy metals in ayurvedic drugs exceeding safe limits put off younger consumers.
- Younger consumers prefer quick relief, while ayurveda demands time and patience.
- India's D2C market is a $100 Bn opportunity with over 50,000 digital-first brands, and India has 427 Mn ecommerce users.
About the business
- Kapiva sells ayurvedic supplements across wellness, diabetes care, heart health and gym nutrition.
- It sells through its own website, Amazon and Flipkart.
- Products undergo up to 10 levels of testing, and clinical trials and certifications are mentioned on packaging.
- Revenue in FY25 was INR 342 Cr, and it targets INR 600 Cr in the current fiscal.
- Since FY23, revenues have nearly doubled every year, driven by repeat consumption.
- Losses are narrowing to single digits.
What happens next
- Bolster R&D, manufacturing and marketing with Series D funds.
Investors
- Fireside Ventures (existing) — First institutional investor in Kapiva.
- 3one4 Capital (existing)
- 360 One Asset (existing) — Led the Series D round last year.
- Vertex Ventures (existing) — Co-led the Series D round last year.
- OrbiMed (existing) — New York-based healthcare-focused investor; led the Series C round in 2022.
Founders
- Ameve Sharma, Founder
- Shrey Badhani, Co-founder
About Kapiva
- Product
- D2C ayurveda brand
- Customers
- Consumers seeking evidence-based ayurvedic nutrition and wellness products
- How it makes money
- Direct-to-consumer brand selling ayurvedic supplements, gummies and skincare online
- What sets it apart
- Modern positioning of ayurveda with clinical validation and wide retail reach
More on Kapiva
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