About Prolgae
Prolgae is a company based in Karur (India) founded in 2017 by Aakas Sadasivam.. Prolgae has raised $386.75 thousand across 3 funding rounds from investors including Vijayan Subramanian, Nexenture and Nexenture. Prolgae offers products and services including Spirulina Protein Bars, Sweet Spirulina Powder, Super Spirulina Combo, Organic Spirulina Nibs/Flakes, and Organic Spirulina Powder. Prolgae operates in a competitive market with competitors including Superfoods Valley, The Divine Foods, Oraah, Prahna Superfoods and The Good Food Company, among others.
- Headquarter Karur, India
- Founders Aakas Sadasivam
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
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- Legal Name Prolgae Spirulina Supplies Private Limited
- Date of Incorporation 12 Jan, 2017
- Jurisdiction Coimbatore, Tamil Nadu, India
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Annual Revenue
$28.44 K (USD)0.73as on Mar 31, 2021
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Net Profit
$-41.93 K (USD)9.89as on Mar 31, 2021
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EBITDA
$-30.5 K (USD)1.1as on Mar 31, 2021
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Total Equity Funding
$386.75 K (USD)
in 3 rounds
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Latest Funding Round
$200 K (USD), Seed
Mar 30, 2021
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Investors
Nexenture
& 3 more
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Employee Count
Employee Count
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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. 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.
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 Total Funding
- Total Rounds 3
- Last Round Seed — $200,000
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First Round
First Round
(21 Apr 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Seed - Prolgae | Valuation | Vijayan Subramanian |
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| Jun, 2019 | Amount | Seed - Prolgae | Valuation | Nexenture , Nexenture |
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| Apr, 2017 | Amount | Angel Round - Prolgae | Valuation | Mika Rautio |
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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 Prolgae
Prolgae has secured backing from 4 investors, including angel and institutional investors. Prominent investors backing the company include Vijayan Subramanian, Nexenture and Nexenture. 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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Digital agency offering web application development, local SEO, PPC management, content management, social media marketing, and digital marketing services
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Founded Year | Domain | Location | |
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VS
Vijayan Subramanian |
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Founded Year | Domain | Location |
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MR
Mika Rautio |
Finnish entrepreneur and angel investor in Indian startups, focusing on tech and innovation.
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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 Prolgae
| 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 - Prolgae
| 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 |
Prolgae Comparisons
Competitors of Prolgae
Prolgae 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 Superfoods Valley, The Divine Foods, Oraah, Prahna Superfoods and The Good Food Company, 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 |
Developer of plant-based superfood products
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| domain | founded_year | HQ Location |
Functional foods and superfoods are supplied for health conditions.
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| domain | founded_year | HQ Location |
Offers herbal teas, beauty masks, and hygiene products for consumer health needs.
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| domain | founded_year | HQ Location |
Operates a direct-to-consumer brand specializing in nutrient-rich superfoods.
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| domain | founded_year | HQ Location |
Specializes in superfoods like spirulina, barleygrass, wheatgrass, and moringa.
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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 Prolgae
Frequently Asked Questions about Prolgae
When was Prolgae founded?
Prolgae was founded in 2017.
Where is Prolgae located?
Prolgae is headquartered in Karur, India. It is registered at Karur, Tamil Nadu, India.
Who is the current CEO of Prolgae?
Aakas Sadasivam is the current CEO of Prolgae. They have also founded this company.
Is Prolgae a funded 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 21, 2017.
What is the annual revenue of Prolgae?
Annual revenue of Prolgae is $28.44K as on Mar 31, 2021.
What does Prolgae do?
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.
Who are the top competitors of Prolgae?
Prolgae's top competitors include Superfoods Valley, The Divine Foods and Oraah.
What products or services does Prolgae offer?
Prolgae offers Spirulina Protein Bars, Sweet Spirulina Powder, Super Spirulina Combo, Organic Spirulina Nibs/Flakes, and Organic Spirulina Powder.
Who are Prolgae's investors?
Prolgae has 4 investors. Key investors include Vijayan Subramanian, Nexenture, Nexenture, and Mika Rautio.
What is Prolgae's valuation?
The valuation of Prolgae is $435.06K as of Mar 2021.