About Bare Necessities
Bare Necessities is a company based in Bengaluru (India). It operates as a Direct-to-Consumer (D2C), and Circular Economy. Bare Necessities has raised $174.03 thousand across 2 funding rounds from investors including Prasanth Prakash, Deep Lalvani and Social Alpha. Bare Necessities offers products and services including Pack of 4 Spa Bars, Rainforest Moisturizer, Garden of Eden Deodorant, and Wedding Wonders Gift Hamper. Bare Necessities operates in a competitive market with competitors including Mamaearth, The Ayurveda Experience, BECO, WOW Skin Science and Juicy Chemistry, among others.
- Headquarter Bengaluru, India
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Sectors
Consumer
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Bare Necessities Zero Waste Solutions Private Limited
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$187.02 K (USD)37.02as on Mar 31, 2022
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Net Profit
$-84.87 K (USD)-64.68as on Mar 31, 2022
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EBITDA
$-74.35 K (USD)-88.05as on Mar 31, 2022
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Total Equity Funding
$174.03 K (USD)
in 2 rounds
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Latest Funding Round
$88.59 K (USD), Seed
Mar 31, 2021
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Investors
Social Alpha
& 3 more
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Employee Count
Employee Count
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Products & Services of Bare Necessities
Bare Necessities offers a comprehensive portfolio of products and services, including Pack of 4 Spa Bars, Rainforest Moisturizer, Garden of Eden Deodorant, and Wedding Wonders Gift Hamper. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Handmade soaps are crafted for zero-waste personal hygiene.
Body butter is formulated for deep skin hydration.
Deodorant is made with earth-friendly, plant-based ingredients.
Gift hamper is designed for eco-friendly wedding favors.
Funding Insights of Bare Necessities
Bare Necessities has successfully raised a total of $174.03K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $88.59 thousand completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $88,590
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First Round
First Round
(24 Mar 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Seed - Bare Necessities | Valuation | Social Alpha | |
| Mar, 2020 | Amount | Seed - Bare Necessities | Valuation | Social Alpha |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bare Necessities
Bare Necessities has secured backing from 4 investors, including angel and venture fund investors. Prominent investors backing the company include Prasanth Prakash, Deep Lalvani and Social Alpha. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sustainable startups are supported via innovation curation and venture funding.
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Founded Year | Domain | Location | |
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PP
Prasanth Prakash |
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Founded Year | Domain | Location |
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DL
Deep Lalvani |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bare Necessities
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bare Necessities
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bare Necessities Comparisons
Competitors of Bare Necessities
Bare Necessities operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mamaearth, The Ayurveda Experience, BECO, WOW Skin Science and Juicy Chemistry, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online brand offering multi-category natural skin care and makeup products
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| domain | founded_year | HQ Location |
Provides online sales of Ayurvedic face, body, hair care, and educational resources.
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| domain | founded_year | HQ Location |
Eco-friendly home, kitchen, and personal care products are provided online.
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| domain | founded_year | HQ Location |
Organic beauty products are offered by an internet-first brand.
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| domain | founded_year | HQ Location |
Natural skin and hair care products are sold online.
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| domain | founded_year | HQ Location |
Organic beauty products are offered online by Soulflower.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Bare Necessities
Where is Bare Necessities located?
Bare Necessities is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Bare Necessities a funded company?
Bare Necessities is a funded company, having raised a total of $174.03K across 2 funding rounds to date. The company's 1st funding round was a Seed of $85.44K, raised on Mar 24, 2020.
What is the annual revenue of Bare Necessities?
Annual revenue of Bare Necessities is $187.02K as on Mar 31, 2022.
What does Bare Necessities do?
Bare Necessities is engaged in providing zero-waste solutions through personal care and lifestyle products. The company is involved in sectors like eco-friendly consumer goods, offering handcrafted soaps, moisturizers, deodorants, and gifting options. Educational services and workshops are also provided to promote sustainable living and reduce waste footprints in communities.
Who are the top competitors of Bare Necessities?
Bare Necessities's top competitors include Mamaearth, BECO and WOW Skin Science.
What products or services does Bare Necessities offer?
Bare Necessities offers Pack of 4 Spa Bars, Rainforest Moisturizer, Garden of Eden Deodorant, and Wedding Wonders Gift Hamper.
Who are Bare Necessities's investors?
Bare Necessities has 4 investors. Key investors include Prasanth Prakash, Deep Lalvani, Social Alpha, and Prasanth Prakash.
What is Bare Necessities's valuation?
The valuation of Bare Necessities is $632.66K as of Mar 2021.