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News · Healthcare & Life Sciences

Kapiva builds science-backed ayurvedic brand

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Date
Company
Kapiva
What it does
D2C ayurvedic supplements brand
Kind
News
Founded
2016
Sector
Healthcare & Life Sciences

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

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

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