About Evolve Snacks
Evolve Snacks is a company based in Delhi (India) founded in 2015 by Angad Sehgal.. Evolve Snacks has raised $577.16 thousand across 3 funding rounds from investors including ITI Growth Opportunities, 50k Ventures and Purnima Kamble. Evolve Snacks offers products and services including Ragi Chips, Bhakarwadi, Oats Chips, and Best of Evolve Hamper. Evolve Snacks operates in a competitive market with competitors including Yoga Bar, True Elements, Nourish You, Eat Better and Lo! Foods, among others.
- Headquarter Delhi, India
- Founders Angad Sehgal
- Stage Minicorn
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Sectors
ConsumerRetail
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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 Evolve Snacks Private Limited
- Date of Incorporation 16 May, 2017
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$744.93 K (USD)78.74as on Mar 31, 2023
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Net Profit
$-31.22 K (USD)30.46as on Mar 31, 2023
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EBITDA
$-29.92 K (USD)20.27as on Mar 31, 2023
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Total Equity Funding
$577.16 K (USD)
in 3 rounds
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Latest Funding Round
$294.39 K (USD), Seed
Feb 12, 2019
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Investors
ITI Growth Opportunities
& 20 more
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Employee Count
Employee Count
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Products & Services of Evolve Snacks
Evolve Snacks offers a comprehensive portfolio of products and services, including Ragi Chips, Bhakarwadi, Oats Chips, and Best of Evolve 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.
Crunchy chips made from ragi for nutritious munching and health benefits.
Spiced baked snack offering traditional taste with healthier ingredients.
Peri peri flavored oats chips providing energy and nutritional value.
Selection of top snacks for guilt-free indulgence and gifting.
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Funding Insights of Evolve Snacks
Evolve Snacks has successfully raised a total of $577.16K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $294.39 thousand completed in February 2019. 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 3
- Last Round Seed — $294,391
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First Round
First Round
(10 Aug 2017)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2019 | Amount | Seed - Evolve Snacks | Valuation | ITI Growth Opportunities | |
| Nov, 2017 | Amount | Seed - Evolve Snacks | Valuation | 50k Ventures |
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| Aug, 2017 | Amount | Seed - Evolve Snacks | Valuation | Sirisha Pothana |
| 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 Evolve Snacks
Evolve Snacks has secured backing from 21 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include ITI Growth Opportunities, 50k Ventures and Purnima Kamble. 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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Investment in startups across aerospace, electric vehicles, and personal wellness sectors.
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Founded Year | Domain | Location | |
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Venture capital firm investing in tech startups
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Founded Year | Domain | Location | |
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Cybersecurity solutions are provided to protect digital assets in India.
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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 Evolve Snacks
| 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 - Evolve Snacks
| 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 |
Evolve Snacks Comparisons
Competitors of Evolve Snacks
Evolve Snacks 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 Yoga Bar, True Elements, Nourish You, Eat Better and Lo! Foods, 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 |
Protein-based food products are offered via an online platform.
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| domain | founded_year | HQ Location |
Health snacks and supplements are manufactured and marketed.
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| domain | founded_year | HQ Location |
Plant-based food products are offered online by Nourish You.
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| domain | founded_year | HQ Location |
Multi-category healthy products are offered through an internet-first brand.
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| domain | founded_year | HQ Location |
Low-carb, nutrient-dense functional foods are provided online for ketogenic diets.
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| domain | founded_year | HQ Location |
Internet-first brand offering confectionery products
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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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Latest news on Evolve Snacks
Frequently Asked Questions about Evolve Snacks
When was Evolve Snacks founded?
Evolve Snacks was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Evolve Snacks located?
Evolve Snacks is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is Evolve Snacks a funded company?
Evolve Snacks is a funded company, having raised a total of $577.16K across 3 funding rounds to date. The company's 1st funding round was a Seed of $132.76K, raised on Aug 10, 2017.
What is the annual revenue of Evolve Snacks?
Annual revenue of Evolve Snacks is $744.93K as on Mar 31, 2023.
What does Evolve Snacks do?
Evolve Snacks was established in 2015 in Delhi, India, as an internet-first brand in the healthy food sector. Operations focus on online distribution of snacks and beverages, with a catalog that includes nuts, dry fruits, chews, chips, and related items. Products are specified as vegan, dairy-free, and gluten-free, targeting health-conscious consumers through digital channels.
Who are the top competitors of Evolve Snacks?
Evolve Snacks's top competitors include Yoga Bar, Lo! Foods and Eat Better.
What products or services does Evolve Snacks offer?
Evolve Snacks offers Ragi Chips, Bhakarwadi, Oats Chips, and Best of Evolve Hamper.
Who are Evolve Snacks's investors?
Evolve Snacks has 21 investors. Key investors include ITI Growth Opportunities, 50k Ventures, Purnima Kamble, Sirisha Pothana, and Anshul Dave.
What is Evolve Snacks's valuation?
The valuation of Evolve Snacks is $1.66M as of Feb 2019.