About Prolgae
Prolgae is a Consumer company based in Karur (India) founded in 2017 by Aakas Sadasivam. Organic spirulina nibs are branded and offered by Prolgae. Prolgae has raised $386.75 thousand across 3 funding rounds from investors including Vijayan Subramanian, Nexenture and Nexenture. Prolgae was last valued at $435.06 thousand in March 2021. Its chief executive, as recorded, is Aakas Sadasivam. Its Indian entity Prolgae Spirulina Supplies Private Limited reported revenue of ₹21.2 Lakh. Prolgae offers products and services including Spirulina Protein Bars, Sweet Spirulina Powder, Super Spirulina Combo, Organic Spirulina Nibs/Flakes, and Organic Spirulina Powder. Its focus areas include Food and Agriculture, Food & Beverage Products, Nutrition and Superfoods. Its competitors include Superfoods Valley, The Divine Foods and Oraah; 1 of its 3 listed competitors has raised funding.
Company details
Prolgae was established in 2017 in Karur, India, by Aakas Sadasivam, who serves as founder and CEO. The company operates in the organic food sector, with a focus on spirulina nibs derived from natural sources. Production and branding activities are centered in India, targeting health-conscious consumers through its domain prolgae.com. Core operations emphasize sustainable sourcing and distribution of these nutrient-dense products.
- Headquarters Karur, India
- Founders Aakas Sadasivam
- SectorsConsumer
- Website certificate.prolgae.com
- Social X Facebook
- Legal Name Prolgae Spirulina Supplies Private Limited
- Date of Incorporation 12 Jan, 2017
- Jurisdiction Coimbatore, Tamil Nadu, India
- Annual Revenue₹21.2 Lakh
FY 2021 · +1% YoY
- Net Loss-₹31.2 Lakh
FY 2021 · -147% margin
- EBITDA-₹22.2 Lakh
FY 2021 · -105% margin
- Total Equity Funding$386.75K (USD)
in 3 rounds
- Latest Funding Round$200K (USD), Seed
Mar 2021
- InvestorsNexenture
& 3 more
Associated legal entities of Prolgae
Prolgae operates through Prolgae Spirulina Supplies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Prolgae Spirulina Supplies Private Limited CIN U01100TZ2017PTC028366 | Active | 12 Jan 2017 | Coimbatore, Tamil Nadu | ₹0.2 Cr | 2 | View details |
Products & Services of Prolgae
Prolgae offers a comprehensive portfolio of products and services, including Spirulina Protein Bars, Sweet Spirulina Powder, Super Spirulina Combo, Organic Spirulina Nibs/Flakes, and Organic Spirulina Powder.
Nutrient-dense bars boosting protein, immunity, and energy levels.
Protein powder for mixing with drinks to enhance daily energy and antioxidants.
Combination of bars and powder for comprehensive nutritional support.
Sprinkle-on additives rich in nutrients for salads and smoothies.
Versatile powder blending into foods for immunity and vitamin boost.
Funding Insights of Prolgae
Prolgae has successfully raised a total of $386.75K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $200 thousand completed in March 2021. 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 $386,746
- Total Rounds 3
- Last Round Seed — $200,000
- First Round $86,746
(Apr 2017)
- Investors Count 4
All 3 funding rounds of Prolgae 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 |
|---|---|---|---|---|---|
| Mar 2021 | $200,000 | Seed | $435,059 | Vijayan Subramanian | – |
| Jun 2019 | $100,000 | Seed | $220,953 | Nexenture, Nexenture | – |
| Apr 2017 | $86,746 | Angel Round | $••••• | Mika Rautio | – |
Last known valuation $435,059 (Mar 2021). 4 investors in total: 2 institutional and 2 angel.
Investors in Prolgae
Prolgae has secured backing from 4 investors, including angel and institutional investors. Prominent investors backing the company include Vijayan Subramanian, Nexenture and Nexenture.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Digital agency offering web application development, local SEO, PPC management, content management, social media marketing, and digital marketing services | nexenture.net | Kolkata, India | ||
VS Vijayan Subramanian | unknown_08b03e8ab3d248c09 | |||
MR Mika Rautio | Finnish entrepreneur and angel investor in Indian startups, focusing on tech and innovation. | unknown_5a5d1b91c69e45328 | ||
Investor details for Prolgae
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Verified entity values are shown only after access is granted.
Board of directors of Prolgae Spirulina Supplies Private Limited (Prolgae)
Prolgae Spirulina Supplies Private Limited is the primary company behind Prolgae. The board of Prolgae Spirulina Supplies Private Limited currently have 2 directors; the longest-serving is Sadasivam Ramasamy Gounder, appointed in 2017. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sadasivam Ramasamy Gounder DIN 07672759 | Whole-time director | 12 Jan 2017 | 9 yrs 9 mo | Prolgae Spirulina Supplies Private Limited |
| Aakas Sadasivam DIN 07672738 | Managing Director | 12 Jan 2017 | 9 yrs 9 mo | Prolgae Spirulina Supplies Private Limited |
People of Prolgae
1 people are tracked at Prolgae (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for Prolgae
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Verified entity values are shown only after access is granted.
Financials of Prolgae
Figures of Prolgae Spirulina Supplies Private Limited, the primary company behind Prolgae, for FY 2021. Revenue was ₹21.2 Lakh (+1% year on year). Net loss was -₹31.2 Lakh (-147% margin). EBITDA was -₹22.2 Lakh (-105% margin). Revenue has grown at a compounded annual rate of +91% over three years.
- ₹21.2 LakhRevenue · FY 2021 · +1% YoY
- -₹31.2 LakhNet loss · -147% margin
- -₹22.2 LakhEBITDA · -105% margin
- ₹5.3 LakhPaid-up capital
- +91%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Prolgae Spirulina Supplies Private Limited are on its company page.
Detailed financial statements for Prolgae
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Prolgae
3 dated milestones of Prolgae across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Prolgae is founded.
- Funding First funding round of $87K.
- Funding Latest funding round, Seed, of $200K.
Competitors of Prolgae
Prolgae has 3 listed competitors in our database, 1 of them funded. They include Superfoods Valley, The Divine Foods and Oraah.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| superfoodsvalley.com | 2021 | Bengaluru, India | $3.52M | 27 | Developer of plant-based superfood products | |
| thedivinefoods.com | 2019 | Salem, India | Functional foods and superfoods are supplied for health conditions. | |||
| oraah.in | 2020 | Hyderabad, India | Offers herbal teas, beauty masks, and hygiene products for consumer health needs. |
Detailed competitors of Prolgae
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Top companies in Food & Beverage Products & Processing
3 companies that operate in the same segment as Prolgae (Food & Beverage Products & Processing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform offering a subscription-based delivery service for fresh milk and groceries | 2015 | Gurugram, Haryana, India | USD 228.42 M | USD 99.78 M | 3,464 | |
Subscription-based coffee products are offered by an internet-first brand. | 2013 | Gurugram, Haryana, India | USD 112.84 M | USD 25.83 M | 2,059 | |
Meat and seafood products are delivered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 564.84 M | USD 143.51 M | 2,828 |
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Related news about Prolgae
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Frequently Asked Questions about Prolgae
Prolgae was founded in 2017.
Prolgae is headquartered in Karur, India. It is registered at Karur, Tamil Nadu, India.
Aakas Sadasivam is the CEO of Prolgae, as recorded in our data. They have also founded this company.
Prolgae is a funded company, having raised a total of $386.75K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $86.75K, raised on Apr 2017.
The primary company behind Prolgae, Prolgae Spirulina Supplies Private Limited, reported revenue of ₹21.2 Lakh for FY 2021, up 1% year on year.
Prolgae was established in 2017 in Karur, India, by Aakas Sadasivam, who serves as founder and CEO. The company operates in the organic food sector, with a focus on spirulina nibs derived from natural sources. Production and branding activities are centered in India, targeting health-conscious consumers through its domain prolgae.com. Core operations emphasize sustainable sourcing and distribution of these nutrient-dense products.
Prolgae's top competitors include Superfoods Valley, The Divine Foods and Oraah.
Prolgae offers Spirulina Protein Bars, Sweet Spirulina Powder, Super Spirulina Combo, Organic Spirulina Nibs/Flakes, and Organic Spirulina Powder.
Prolgae has 4 investors. Key investors include Vijayan Subramanian, Nexenture, Nexenture, and Mika Rautio.
The valuation of Prolgae is $435.06K as of Mar 2021.
Prolgae operates through Prolgae Spirulina Supplies Private Limited.
The legal entities of Prolgae currently have 2 directors, including Sadasivam Ramasamy Gounder, Aakas Sadasivam.