Max Protein

Mumbai, India Founded: 2006 • Age: 20 yrs Acquired By Zydus Wellness
Protein-based healthy snacks are offered through online retail.
Annual revenue $12.4M Latest available
Total funding $8.0M 3 rounds
Employees 211 Tracked headcount
Investors 3 Known backers
Products 7 Services tracked
Competitors 8 Brand Intelligence

About Max Protein

Max Protein is a company based in Mumbai (India) founded in 2006 by Vijay Prabhakarrao Uttarwar was acquired by Zydus Wellness in October 2024. Max Protein has raised $8.04 million across 3 funding rounds from investors including Zydus Wellness, British International Investment and Rabo Equity Advisors. The company has 211 employees as of April 07, 2024. Max Protein offers products and services including Protein Bars, Whey Protein, Plant Protein, Protein Chips, and Peanut Butter. Max Protein operates in a competitive market with competitors including Plix, OZiva, Wellbeing Nutrition, Foodstrong and Plant Power, among others.

  • Headquarter Mumbai, India
  • Employees 211 as on 07 Apr, 2024
  • Founders Vijay Prabhakarrao Uttarwar
  • Stage Minicorn
  • Sectors
    Consumer
    Retail
  • Email
    Locked
  • Phone
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  • Website
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  • Social
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  • Legal Name Naturell (India) Private Limited
  • Date of Incorporation 22 Feb, 1991
  • Jurisdiction Daskroi, Gujarat, India
Operational Areas
Consumer → Food, Beverage & Nutrition Unlock Sub-Sector Unlock Segment
Retail → E-Commerce Platforms & Marketplaces Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $12.44 M (USD)
    72.01
    as on Mar 31, 2023
  • Net Profit
    -$714.38 K (USD)
    29.01
    as on Mar 31, 2023
  • EBITDA
    -$843.19 K (USD)
    23.64
    as on Mar 31, 2023
  • Total Equity Funding
    $8.04 M (USD)

    in 3 rounds

  • Latest Funding Round
    $2.61 M (USD), Series A

    Mar 10, 2022

  • Investors
  • Employee Count
    211

    as on Apr 07, 2024

  • Acquired by
    Zydus Wellness

    (Oct 30, 2024)

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Products & Services of Max Protein

Max Protein offers a comprehensive portfolio of products and services, including Protein Bars, Whey Protein, Plant Protein, Protein Chips, and Peanut Butter.

Product name locked
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Primary

Convenient bars with protein for on-the-go energy and nutrition

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Powder to support muscle building and post-workout recovery

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Plant-based powder for dietary protein needs and cravings

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Crunchy chips made from super grains for binge-worthy snacking

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High-protein spread for fueling and satisfying hunger

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Guilt-free cookies with protein boost for anytime indulgence

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Balanced bars with protein, carbs, and fats for daily energy

People of Max Protein

Headcount 50-200
Employee Profiles 2
Employee Profiles
People
Vikas Borbane
Sales Officer

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Teams

Funding Insights of Max Protein

Max Protein has successfully raised a total of $8.04M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.61 million completed in March 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.

Investors in Max Protein

Max Protein has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Zydus Wellness, British International Investment and Rabo Equity Advisors.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
Government agency focused on small and medium-sized businesses
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Manages diversified investment funds and portfolios for clients.
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Healthcare nutrition products are branded and distributed by Zydus Wellness.
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Investor details for Max Protein

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Investments & Acquisitions by Max Protein

Investments
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Investment portfolio details for Max Protein

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Financial Statements - Max Protein

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Detailed financials for Max Protein

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Max Protein Comparisons

Max Protein Primary company
Description
Protein-based healthy snacks are offered through online reta...
Location
Mumbai, India
Founded Year
2006
Annual Revenue
$12.44 M (USD)
Net Profit
-$714.38 K (USD)
EBITDA
-$843.19 K (USD)
Employees
211
As of 2024
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Peer comparison for Max Protein

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Competitors of Max Protein

Max Protein 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 Plix, OZiva, Wellbeing Nutrition, Foodstrong and Plant Power, among others.

Company Name Domain Founded year HQ Location Description
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Nutritional supplements are offered online by Plix using plant-based ingredients.
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Nutritional food and health supplements are provided by OZiva.
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Organic whole-food nutritional supplements are provided for health benefits.
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Whey proteins, plant proteins, and protein-based food mixes are retailed.
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Plant-based protein snacks and supplements are provided.
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Detailed competitors of Max Protein

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Latest news on Max Protein

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Complete news archive for Max Protein

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Frequently Asked Questions about Max Protein

Max Protein was founded in 2006 and raised its 1st funding round 12 years after it was founded.

Max Protein is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Vijay Prabhakarrao Uttarwar is the current CEO of Max Protein. They have also founded this company.

Max Protein is a funded company, having raised a total of $8.04M across 3 funding rounds to date.

As of Apr 07, 2024, the latest employee count at Max Protein is 211.

Annual revenue of Max Protein is $12.44M as on Mar 31, 2023.

Max Protein was founded in 2006 in Mumbai, India, as a provider in the health food sector. A range of protein bars, cookies, chips, and similar snacks is supplied via direct-to-consumer e-commerce operations. The online platform supports purchasing and delivery, with products tailored to active lifestyles and various dietary preferences. Focus is maintained on nutritional value in snack options.

Max Protein's top competitors include OZiva, Plix and Wellbeing Nutrition.

Max Protein offers Protein Bars, Whey Protein, Plant Protein, Protein Chips, and 3 more products and services.

Max Protein has 3 investors. Key investors include Zydus Wellness, British International Investment, and Rabo Equity Advisors.

The valuation of Max Protein is $28.81M as of Mar 2022.

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