About Evolve
Evolve is a company based in Mumbai (India) founded in 2017 by Anshul Kamath and Rohan Arora. It operates as a SaaS (Software-as-a-Service), Freemium, and HealthTech. Evolve has raised $676.46 thousand across 2 funding rounds from investors including Rajesh Ranavat, Indian Angel Network and Ankit Mehrotra. Evolve offers products and services including Evolve App, Interactive Workshops, and Meditation Sessions. Evolve operates in a competitive market with competitors including Wysa, Headspace, Calm, BigHealth and Meditopia, among others.
- Headquarter Mumbai, India
- Founders Anshul Kamath, Rohan Arora
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$676.46 K (USD)
in 2 rounds
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Latest Funding Round
$300.93 K (USD), Seed
Dec 19, 2023
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Investors
Indian Angel Network
& 3 more
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Employee Count
Employee Count
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Products & Services of Evolve
Evolve offers a comprehensive portfolio of products and services, including Evolve App, Interactive Workshops, and Meditation Sessions. 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.
A platform for meditation and personal growth support.
Workshops designed to enhance self-love and acceptance.
Bite-sized meditations for stress reduction and happiness.
Funding Insights of Evolve
Evolve has successfully raised a total of $676.46K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $300.93 thousand completed in December 2023. 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 — $300,930
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First Round
First Round
(07 Sep 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Seed - Evolve | Valuation | Indian Angel Network | |
| Sep, 2022 | Amount | Seed - Evolve | Valuation |
investors |
| 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
Evolve has secured backing from 4 investors, including angel and venture fund investors. Prominent investors backing the company include Rajesh Ranavat, Indian Angel Network and Ankit Mehrotra. 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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Angel investor network investing in early-stage startups
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Founded Year | Domain | Location | |
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Rajesh Ranavat |
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Founded Year | Domain | Location |
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AM
Ankit Mehrotra |
Co-founder of Dineout, active angel investor in Indian startups
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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
| 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
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Comparisons
Competitors of Evolve
Evolve 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 Wysa, Headspace, Calm, BigHealth and Meditopia, 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 |
AI-driven mental health support platform is provided by Wysa.
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| domain | founded_year | HQ Location |
Mindfulness and mental wellness tools and services are provided.
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| domain | founded_year | HQ Location |
Meditation, sleep, and relaxation are supported via a digital app.
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| domain | founded_year | HQ Location |
Digital CBT therapy is offered for insomnia patients.
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| domain | founded_year | HQ Location |
Music-led guided meditations for mindfulness and mental health are offered.
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| domain | founded_year | HQ Location |
Mobile app for yoga, mindfulness, and trainer connections provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Evolve
When was Evolve founded?
Evolve was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is Evolve located?
Evolve is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Evolve a funded company?
Evolve is a funded company, having raised a total of $676.46K across 2 funding rounds to date. The company's 1st funding round was a Seed of $375.53K, raised on Sep 07, 2022.
What does Evolve do?
A digital platform for mental health and personal growth is offered by Evolve. Services including meditation, self-care routines, and interactive workshops are provided. The focus is placed on inclusivity, especially for marginalized and LGBTQ communities. Solutions for stress reduction, self-love, and mindfulness are made accessible worldwide. The platform serves over a million users through innovative digital interventions. Support for workplace mental health programs is also extended to organizations.
What products or services does Evolve offer?
Evolve offers Evolve App, Interactive Workshops, and Meditation Sessions.
Who are Evolve's investors?
Evolve has 4 investors. Key investors include Rajesh Ranavat, Indian Angel Network, Ankit Mehrotra, and Nikhil Bakshi.
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