About Evolved Foods
Evolved Foods is a company based in Bengaluru (India) founded in 2020 by Pradeep Rao and Roma Roy Choudhury.. Evolved Foods has raised $1.54 million across 9 funding rounds from investors including Aditi Investments, Rainmatter and Zerodha. Evolved Foods offers products and services including Evolved Plant Protein and Evolved Recipes. Evolved Foods operates in a competitive market with competitors including Good Dot, BlueTribe, Shaka Harry, Mister Veg and Greenest Foods, among others.
- Headquarter Bengaluru, India
- Founders Pradeep Rao, Roma Roy Choudhury
- Stage Minicorn
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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 Bizchef Ventures Private Limited
- Date of Incorporation 22 Nov, 2017
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$25.14 K (USD)953.9as on Mar 31, 2023
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Net Profit
$-199.57 K (USD)-40.24as on Mar 31, 2023
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EBITDA
$-188.89 K (USD)-38.6as on Mar 31, 2023
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Total Equity Funding
$1.54 M (USD)
in 9 rounds
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Latest Funding Round
$203.88 K (USD), Seed
Mar 29, 2024
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Investors
Aditi Investments
& 49 more
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Employee Count
Employee Count
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Products & Services of Evolved Foods
Evolved Foods offers a comprehensive portfolio of products and services, including Evolved Plant Protein and Evolved Recipes. 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.
Protein made from soy, rice, and coconut for nutritious meal enhancement.
Guides for incorporating plant-based protein into various dishes.
Funding Insights of Evolved Foods
Evolved Foods has successfully raised a total of $1.54M across 9 strategic funding rounds. The most recent funding activity was a Seed round of $203.88 thousand completed in March 2024. 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 9
- Last Round Seed — $203,876
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First Round
First Round
(24 Nov 2020)
- Investors Count 50
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Seed - Evolved Foods | Valuation | Rainmatter | |
| Jun, 2023 | Amount | Seed - Evolved Foods | Valuation | Rainmatter , Aditi Investments | |
| Mar, 2023 | Amount | Angel Round - Evolved Foods | Valuation |
investors |
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| 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 Evolved Foods
Evolved Foods has secured backing from 50 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Aditi Investments, Rainmatter and Zerodha. 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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Indian fund focused on fintech, health, and climate initiatives.
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Founded Year | Domain | Location | |
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Early-stage investments are targeted by Vigeo Ventures venture capital firm.
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Founded Year | Domain | Location | |
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Equity investments, broking services, and trading platforms are offered.
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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 Evolved Foods
| 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 - Evolved Foods
| 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 |
Evolved Foods Comparisons
Competitors of Evolved Foods
Evolved Foods 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 Good Dot, BlueTribe, Shaka Harry, Mister Veg and Greenest 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 |
Plant-based meat products are produced and marketed by Good Dot.
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| domain | founded_year | HQ Location |
Plant-based chicken nuggets and alternatives are offered by the platform.
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| domain | founded_year | HQ Location |
Plant-based meat substitute products, including nuggets and kebabs, are developed.
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| domain | founded_year | HQ Location |
Plant-based meat alternatives are produced from grains.
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| domain | founded_year | HQ Location |
Plant-based meat alternatives are developed using innovative research.
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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 Evolved Foods
Frequently Asked Questions about Evolved Foods
When was Evolved Foods founded?
Evolved Foods was founded in 2020.
Where is Evolved Foods located?
Evolved Foods is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Evolved Foods?
Pradeep Rao is the current CEO of Evolved Foods. They have also founded this company.
Is Evolved Foods a funded company?
Evolved Foods is a funded company, having raised a total of $1.54M across 9 funding rounds to date. The company's 1st funding round was a Angel Round of $24.23K, raised on Nov 24, 2020.
What is the annual revenue of Evolved Foods?
Annual revenue of Evolved Foods is $25.14K as on Mar 31, 2023.
What does Evolved Foods do?
Evolved Foods was founded in 2020 in Bengaluru, India, within the alternative protein sector. A platform is maintained to deliver plant-based substitutes for meat and traditional proteins. Products are formulated from soy protein, rice protein, and coconut fat to achieve meaty and chewy textures. Operations emphasize sustainable food innovation, with distribution focused on the Indian market.
Who are the top competitors of Evolved Foods?
Evolved Foods's top competitors include Good Dot, BlueTribe and Shaka Harry.
What products or services does Evolved Foods offer?
Evolved Foods offers Evolved Plant Protein and Evolved Recipes.
Who are Evolved Foods's investors?
Evolved Foods has 50 investors. Key investors include Aditi Investments, Rainmatter, Zerodha, Anvitha Prashanth, and Aprameya Radhakrishna.
What is Evolved Foods's valuation?
The valuation of Evolved Foods is $5.1M as of Mar 2024.