About Better Alt
Better Alt is a company based in Mumbai (India) founded in 2021 by Akash Dhoot and Akash Shah.. Better Alt has raised $297.12 thousand across 1 funding round from investors including Wellfound, LetsVenture and Plan B Innovation Labs. The company has 49 employees as of December 24, 2024. Better Alt operates in a competitive market with competitors including Conscious Foods, Natureland Organics, Organic India, Nourish Organics and Humpy Farms, among others.
- Headquarter Mumbai, India
- Employees 49 as on 24 Dec, 2024
- Founders Akash Dhoot, Akash Shah
- Stage Minicorn
-
Sectors
Consumer
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Azuretale Private Limited
- Date of Incorporation 20 Mar, 2021
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
$581.6 K (USD)807.26as on Mar 31, 2023
-
Net Profit
$-215.1 K (USD)-195.37as on Mar 31, 2023
-
EBITDA
$-304.13 K (USD)-321.58as on Mar 31, 2023
-
Total Equity Funding
$297.12 K (USD)
in 1 rounds
-
Latest Funding Round
$297.12 K (USD), Seed
Jan 04, 2022
-
Investors
Wellfound
& 13 more
-
Employee Count
49
as on Dec 24, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Better Alt
Better Alt has successfully raised a total of $297.12K through 1 strategic funding round. The most recent funding activity was a Seed round of $297.12 thousand completed in January 2022. 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 1
- Last Round Seed — $297,119
-
First Round
First Round
(04 Jan 2022)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Seed - Better Alt | Valuation | Plan B Innovation Labs |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Better Alt
Better Alt has secured backing from 14 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Wellfound, LetsVenture and Plan B Innovation Labs. 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 |
|---|---|---|---|---|
|
Venture capital investments are directed toward eCommerce and diverse sectors.
|
Founded Year | Domain | Location | |
|
Private debt funding is extended across multiple sectors.
|
Founded Year | Domain | Location | |
|
Startup jobs are connected to individuals via a dedicated platform.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Better Alt
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Better Alt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Better Alt Comparisons
Competitors of Better Alt
Better Alt 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 Conscious Foods, Natureland Organics, Organic India, Nourish Organics and Humpy Farms, 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 |
Organic packaged foods are offered via an internet-first brand.
|
|
| domain | founded_year | HQ Location |
Organic pulses, oil seeds, and grains are produced and supplied.
|
|
| domain | founded_year | HQ Location |
Organic tea and herbal supplements are produced and marketed globally.
|
|
| domain | founded_year | HQ Location |
Organic cereals and healthy snacks are manufactured and sold.
|
|
| domain | founded_year | HQ Location |
Organic daily essentials and A2 milk provider
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Better Alt
When was Better Alt founded?
Better Alt was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Better Alt located?
Better Alt is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Better Alt a funded company?
Better Alt is a funded company, having raised a total of $297.12K across 1 funding round to date. The company's 1st funding round was a Seed of $297.12K, raised on Jan 04, 2022.
How many employees does Better Alt have?
As of Dec 24, 2024, the latest employee count at Better Alt is 49.
What is the annual revenue of Better Alt?
Annual revenue of Better Alt is $581.6K as on Mar 31, 2023.
What does Better Alt do?
Better Alt was established in 2021 in Mumbai, India, as an internet-first brand within the health and wellness sector. Products such as mushroom coffee, millet powder, and beetroot powder are offered through its online platform, thebetteralt.com. Operations are centered on direct-to-consumer sales, with co-founders Akash Dhoot and Akash Shah overseeing development and distribution from the Indian base.
Who are the top competitors of Better Alt?
Better Alt's top competitors include Conscious Foods, Organic India and Natureland Organics.
Who are Better Alt's investors?
Better Alt has 14 investors. Key investors include Wellfound, LetsVenture, Plan B Innovation Labs, Elixir Commercial and Advisory Services, and Danish Arif.
What is Better Alt's valuation?
The valuation of Better Alt is $1.92M as of Jan 2022.