About Deivee
Deivee is a Healthcare company based in Bengaluru (India) founded in 2016 by Milind Prabhakar Soman and Darshan Uthappa Machamada. It operates in the Healthcare and Retail sectors. Deivee has raised $403.73 thousand across 2 funding rounds from investors including Rangsons, Rangsons Technologies and Media 360 Degrees. Deivee was last valued at $419.49 thousand in July 2017. Its focus areas include Horizontal E-Commerce, Internet First Brand, Eco friendly and HealthTech. Its legal entity in India is Deivee Fitness Private Limited (U74110KA2016PTC087178). Its competitors include Quince, House of Mangalam, JURU Yoga, Stonesoup and BANS and 2 more; 2 of its 7 listed competitors have raised funding.
Company details
Internet first brand offering women sportswear. They offer wide range of products such as fitness wear,yoga wear tops,bottoms and accessories such as yoga mats and others for women.
- Headquarters Bengaluru, India
- Founders Milind Prabhakar Soman, Darshan Uthappa Machamada
- SectorsHealthcareRetail
- Email••••••••
- Phone•••• ••••
- Website deivee.com
- Social LinkedIn X Facebook
- Legal Name Deivee Fitness Private Limited
- Date of Incorporation 23 Mar, 2016
- Jurisdiction Bangalore, Karnataka, India
- Net Loss-₹1.1 Lakh
FY 2023 · 0% margin
- EBITDA-₹89,676
FY 2023 · 0% margin
- Total Equity Funding$403.73K (USD)
in 2 rounds
- Latest Funding Round$326.09K (USD), Seed
Jul 2017
- InvestorsRangsons
& 4 more
Associated legal entities of Deivee
Deivee operates through Deivee Fitness Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Deivee Fitness Private Limited CIN U74110KA2016PTC087178 | Active | 23 Mar 2016 | Bangalore, Karnataka | – | – | 3 | View details |
Funding Insights of Deivee
Deivee has successfully raised a total of $403.73K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $326.09 thousand completed in July 2017. 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 $403,733
- Total Rounds 2
- Last Round Seed — $326,092
- First Round $77,641
(Jan 2017)
- Investors Count 5
All 2 funding rounds of Deivee with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2017 | $326,092 | Seed | $419,495 | Rangsons Technologies, Rangsons Electronics | |
| Jan 2017 | $77,641 | Angel Round | $88,260 | Allu Sirish |
Last known valuation $419,495 (Jul 2017). 5 investors in total: 3 institutional and 2 angel.
Investors in Deivee
Deivee has secured backing from 5 investors, including institutional and angel investors. Prominent investors backing the company include Rangsons, Rangsons Technologies and Media 360 Degrees.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Operations in farming, crop marketing, and equipment services. | 2017 | rangsonstechnologies.com | Mysuru, India | |
Provides comprehensive digital marketing, advertising, and branding services to clients. | 2009 | media360degree.com | Bengaluru, India | |
Aerospace, agritech, edutech, healthcare, and real estate solutions are provided. | 1993 | rangsons.com | Mysuru, India | |
AS Allu Sirish | - | – | unknown_68a63532dfa84c4a8 | - |
RS Rishab Singh | - | – | unknown_3f7049ed2ffb4ad8a | - |
Investor details for Deivee
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Deivee Fitness Private Limited (Deivee)
Deivee Fitness Private Limited is the primary company behind Deivee. The board of Deivee Fitness Private Limited currently have 3 directors; the longest-serving is Milind Prabhakar Soman, appointed in 2016. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Milind Prabhakar Soman DIN 02215155 | Director | 23 Mar 2016 | 10 yrs 6 mo | Deivee Fitness Private Limited |
| Darshan Uthappa Machamada DIN 01712982 | Director | 23 Mar 2016 | 10 yrs 6 mo | Deivee Fitness Private Limited |
| Harish Kumar DIN 03293220 | Additional Director | 01 Dec 2021 | 4 yrs 10 mo | Deivee Fitness Private Limited |
People of Deivee
2 people are tracked at Deivee (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Deivee
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Deivee
Figures of Deivee Fitness Private Limited, the primary company behind Deivee, for FY 2023. Net loss was -₹1.1 Lakh (0% margin). EBITDA was -₹89,676 (0% margin). Revenue has grown at a compounded annual rate of -100% over three years and -100% over five years.
- -₹1.1 LakhNet loss · 0% margin
- -₹89,676EBITDA · 0% margin
- ₹2.61 CrPaid-up capital
- -100%Revenue CAGR, 3 years
- -100%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Deivee Fitness Private Limited are on its company page.
Detailed financial statements for Deivee
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Timeline of Deivee
3 dated milestones of Deivee across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Deivee is founded.
- Funding First funding round of $78K.
- Funding Latest funding round, Seed, of $326K.
Competitors of Deivee
Deivee has 7 listed competitors in our database, 2 of them funded. They include Quince, House of Mangalam, JURU Yoga, Stonesoup and BANS, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| quince.com | 2018 | San Francisco, United States | $455.5M | 259 | Multi-category fashion products are offered online for men and women. | |
| houseofmangalam.com | 2020 | Mumbai, India | – | 319 | Online seller of organic camphor products for aromatherapy, cleaning, and religious use. | |
| juruyoga.com | 2016 | Chennai, India | – | – | Yoga accessories are sold via an online platform. | |
| stonesoup.in | 2015 | Bengaluru, India | $27,103 | – | Multi-category eco-friendly products are offered via an online platform. | |
| banswithnature.in | 2019 | Chandrapur, India | – | – | A direct-to-consumer brand providing sustainable and eco-friendly products. | |
| idamstore.com | 2015 | Noida, India | – | – | Creates and sells printed home furnishings, apparel, and accessories online. | |
| forestpost.in | 2017 | Thrissur, India | – | – | Multi-category sustainable consumer products are offered through an online platform. |
Detailed competitors of Deivee
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Top companies in Fitness & Wellness Platforms
10 companies that operate in the same segment as Deivee (Fitness & Wellness Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Smart fitness equipment and streaming platforms are provided. | 2011 | New York, New York, United States | USD 995.53 M | USD 2.45 B | 2,660 | |
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 713.57 M | – | – | |
Fitness class memberships are offered across various gyms and studios. | 2013 | New York, New York, United States | USD 524.53 M | – | 1,046 | |
Connected devices for health, sleep, and activity monitoring are developed. | 2008 | Moulineaux, Seine-maritime, France | USD 93.83 M | – | – | |
Subscription-based social networking platform for runners and cyclists | 2009 | San Francisco, California, United States | USD 144.6 M | – | – | |
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 | |
Health-tracking smart rings and biosensors are developed for biometric monitoring. | 2013 | Oulu, North Ostrobothnia, Finland | USD 1.32 B | – | – | |
Provider of SaaS-driven business management software for beauty salons and fitness centers | 2001 | San Luis Obispo, California, United States | USD 118.01 M | – | – | |
Smartwatches and fitness trackers are provided for activity monitoring. | 2007 | San Francisco, California, United States | USD 65.05 M | USD 3.88 | – | |
Subscription-based marketplace for sports and fitness venues is offered. | 2012 | Berlin, Berlin, Germany | USD 198.07 M | – | – |
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Related news about Deivee
Complete news archive for Deivee
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Frequently Asked Questions about Deivee
Deivee was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Deivee is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Deivee is a funded company, having raised a total of $403.73K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $77.64K, raised on Jan 2017.
Internet first brand offering women sportswear. They offer wide range of products such as fitness wear,yoga wear tops,bottoms and accessories such as yoga mats and others for women.
Deivee has 5 investors. Key investors include Rangsons, Rangsons Technologies, Media 360 Degrees, Allu Sirish, and Rishab Singh.
The valuation of Deivee is $419.49K as of Jul 2017.
Deivee operates through Deivee Fitness Private Limited.
The legal entities of Deivee currently have 3 directors, including Milind Prabhakar Soman, Darshan Uthappa Machamada, Harish Kumar.