About Ripen
Ripen is an Education company based in Gurugram (India) founded in 2021 by Ritvik Varghese, Heet Tike, and Aviral Jain. Adulthood goals are planned and managed via a dedicated platform. Ripen has raised $579.27 thousand across 3 funding rounds from investors including gradCapital, Good Capital and ASAP Capital. The company has 1 employees. Ripen was last valued at $3.02 million in January 2023. Its chief executive, as recorded, is Ritvik Varghese. Its focus areas include EdTech, Continued Learning, Self Development and K-12 EdTech. Its legal entity in India is Mizu Technology Private Limited (U72900TN2021PTC146021).
Company details
Ripen was founded in 2021 and is based in Gurugram, India. The platform operates in the personal development sector, where adulthood goals are supported through personalized roadmaps, task lists, interactive guides, product discovery features, and community interactions. Users are assisted in reaching objectives via structured planning tools and shared experiences. Operations focus on digital services tailored to individual progress tracking.
- Headquarters Gurugram, India
- Employees 1
- Founders Ritvik Varghese, Heet Tike, Aviral Jain
- Stage Minicorn
- SectorsEducation
- Email••••••••
- Website ripen.in
- Social LinkedIn X
- Legal Name Mizu Technology Private Limited
- Date of Incorporation 06 Sep, 2021
- Jurisdiction Chennai, Tamil Nadu, India
- Net Loss-₹1.03 Cr
FY 2023 · -1396184% margin
- EBITDA-₹1.03 Cr
FY 2023 · -1392942% margin
- Total Equity Funding$579.27K (USD)
in 3 rounds
- Latest Funding Round$530.01K (USD), Seed
Jan 2023
- InvestorsgradCapital
& 7 more
- Employee Count1
Associated legal entities of Ripen
Ripen operates through Mizu Technology Private Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mizu Technology Private Limited CIN U72900TN2021PTC146021 | Under Liquidation | 06 Sep 2021 | Chennai, Tamil Nadu | ₹0.0 Cr | 3 | View details |
Funding Insights of Ripen
Ripen has successfully raised a total of $579.27K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $530.01 thousand completed in January 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 $579,267
- Total Rounds 3
- Last Round Seed — $530,009
- First Round $25,000
(Nov 2021)
- Investors Count 8
All 3 funding rounds of Ripen 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 |
|---|---|---|---|---|---|
| Jan 2023 | $530,009 | Seed | $3.02M | Good Capital, ASAP Capital | – |
| Mar 2022 | $24,258 | Seed | $608,299 | Arhyama Farms, CIIE | – |
| Nov 2021 | $25,000 | Angel Round | – | gradCapital, IIMA Ventures | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2023 | $3.02M | •••••••• |
Last known valuation $3.02M (Jan 2023). 8 investors in total: 8 institutional.
Investors in Ripen
Ripen has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include gradCapital, Good Capital and ASAP Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed to series A startups receive investments from Good Capital. | goodcapital.vc | Delhi, India | ||
Venture capital firm investing in early-stage tech startups | Mumbai, India | |||
Investing in student-led projects and innovations in technology and education. | 2020 | gradcapital.in | Bengaluru, India | |
Early-stage tech startups are supported via venture capital and acceleration. | iimaventures.com | Ahmedabad, India | ||
Provides comprehensive solutions for working capital loans to support business growth. | 2020 | asapcapital.fund | New York, United States | |
Equity investments, broking services, and trading platforms are offered. | zerodha.com | Bengaluru, India | ||
Startup incubator | ciie.co | Ahmedabad, India | ||
| arhyamafarms.com |
Investor details for Ripen
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Mizu Technology Private Limited (Ripen)
Mizu Technology Private Limited is the primary company behind Ripen. The board of Mizu Technology Private Limited currently have 3 directors; the longest-serving is Ritvik Varghese, appointed in 2021. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ritvik Varghese DIN 08876516 | Director | 06 Sep 2021 | 5 yrs 2 mo | Mizu Technology Private Limited |
| Heet Tike DIN 09705539 | Director | 17 Aug 2022 | 4 yrs 2 mo | Mizu Technology Private Limited |
| Chitra Srinivas DIN 02769351 | IRP/RP/Liquidator | 14 May 2024 | 2 yrs 5 mo | Mizu Technology Private Limited |
People of Ripen
3 people are tracked at Ripen (3 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Aviral Jain | Co-Founder & Designer | Leadership |
Complete people profiles for Ripen
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Ripen
Figures of Mizu Technology Private Limited, the primary company behind Ripen, for FY 2023. Net loss was -₹1.03 Cr (-1396184% margin). EBITDA was -₹1.03 Cr (-1392942% margin).
- -₹1.03 CrNet loss · -1396184% margin
- -₹1.03 CrEBITDA · -1392942% margin
- ₹1.3 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Mizu Technology Private Limited are on its company page.
Detailed financial statements for Ripen
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Ripen
4 dated milestones of Ripen across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Ripen is founded.
- Funding First funding round of $25K.
- Funding Latest funding round, Seed, of $530K.
- Milestone Reaches Minicorn status.
Web traffic of Ripen
The website of Ripen (ripen.in) receives about 3.3K visits a month.
- Monthly visits3.3K
▼ 40.5% vs previous month
Top companies in Corporate & Professional Learning Platforms
2 companies that operate in the same segment as Ripen (Corporate & Professional Learning Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Professional certification training courses are provided via an online platform. | 2015 | Mumbai, Maharashtra, India | USD 371.77 M | USD 208.24 M | 6,673 | |
Vernacular-based hyperlocal platform for online programming mentoring is developed. | 2014 | Chennai, Tamil Nadu, India | USD 3.9 M | USD 4.13 M | 496 |
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Frequently Asked Questions about Ripen
Ripen was founded in 2021.
Ripen is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Ritvik Varghese is the CEO of Ripen, as recorded in our data. They have also founded this company.
Ripen is a funded company, having raised a total of $579.27K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $25K, raised on Nov 2021.
Ripen has 1 employees.
Annual revenue of Ripen is $1.38K as on Mar 31, 2022.
Ripen was founded in 2021 and is based in Gurugram, India. The platform operates in the personal development sector, where adulthood goals are supported through personalized roadmaps, task lists, interactive guides, product discovery features, and community interactions. Users are assisted in reaching objectives via structured planning tools and shared experiences. Operations focus on digital services tailored to individual progress tracking.
Ripen has 8 investors. Key investors include gradCapital, Good Capital, ASAP Capital, Meta Studio Advisors, and Zerodha.
The valuation of Ripen is $3.02M as of Jan 2023.
Ripen operates through Mizu Technology Private Limited.
The legal entities of Ripen currently have 3 directors, including Heet Tike, Ritvik Varghese, Chitra Srinivas.