About Shyft
Shyft is a company based in Gurugram (India) founded in 2019 by Pankaj Chaddah and Pooja Khanna. It operates as a Direct-to-Consumer (D2C), and Subscription Services. Shyft has raised $6.68 million across 3 funding rounds from investors including Anicut Capital, Capier Investments and Scale Ventures. The company has 56 employees as of April 01, 2024. Shyft offers products and services including Plant Protein Isolate and Nutrition Consultations. Shyft operates in a competitive market with competitors including Cult.fit, EGYM, Flexifyme, CoachUp and Ritual, among others.
- Headquarter Gurugram, India
- Employees 56 as on 01 Apr, 2024
- Founders Pankaj Chaddah, Pooja Khanna
- Stage Minicorn
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Sectors
Healthcare
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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 Blacktail Mindhouse Inc.
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$643.06 K (USD)16.79as on Mar 31, 2023
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Net Profit
$-1.49 M (USD)4.98as on Mar 31, 2023
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EBITDA
$-2.32 M (USD)-27.61as on Mar 31, 2023
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Total Equity Funding
$6.68 M (USD)
in 3 rounds
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Latest Funding Round
$5.98 M (USD), Seed
Nov 25, 2021
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Investors
Anicut Capital
& 19 more
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Employee Count
56
as on Apr 01, 2024
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Products & Services of Shyft
Shyft offers a comprehensive portfolio of products and services, including Plant Protein Isolate and Nutrition Consultations. 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.
Plant-based protein powder with natural ingredients is offered.
Personalized nutrition plans are provided by expert nutritionists.
Funding Insights of Shyft
Shyft has successfully raised a total of $6.68M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $5.98 million completed in November 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 — $6.0M
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First Round
First Round
(15 May 2020)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Seed - Shyft | Valuation | Three State Capital , General Catalyst | |
| Sep, 2020 | Amount | Seed - Shyft | Valuation | Better Capital | |
| May, 2020 | Amount | Seed - Shyft | Valuation | Three State Capital |
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Shyft
Shyft has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Anicut Capital, Capier Investments and Scale Ventures. 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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Multiple strategies are utilized in hedge fund operations.
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Founded Year | Domain | Location | |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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Investment services in private credit, seed funds, growth equity, and late-stage equity for businesses in India.
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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.
|
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 Shyft
| 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 - Shyft
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Shyft Comparisons
Competitors of Shyft
Shyft 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 Cult.fit, EGYM, Flexifyme, CoachUp and Ritual, 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 |
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts
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| domain | founded_year | HQ Location |
Provider of smart exercising equipment and mobile-based app for trainers and individuals
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| domain | founded_year | HQ Location |
Provider of a digital healthcare platform offering AI-powered physiotherapy and yoga programs
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| domain | founded_year | HQ Location |
Online marketplace connecting athletes with private sports coaches is provided.
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| domain | founded_year | HQ Location |
Online guided courses for mental and physical health are provided.
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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 Shyft
Frequently Asked Questions about Shyft
When was Shyft founded?
Shyft was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Shyft located?
Shyft is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is Shyft a funded company?
Shyft is a funded company, having raised a total of $6.68M across 3 funding rounds to date. The company's 1st funding round was a Seed of $413.65K, raised on May 15, 2020.
How many employees does Shyft have?
As of Apr 01, 2024, the latest employee count at Shyft is 56.
What is the annual revenue of Shyft?
Annual revenue of Shyft is $643.06K as on Mar 31, 2023.
What does Shyft do?
Shyft is engaged in providing high-quality health and wellness solutions. Products such as Plant Protein Isolate are developed with natural ingredients and minimal formulations. Services include personalized nutrition consultations offered globally. The company operates in the healthcare and wellness sector, emphasizing community-driven feedback and rigorous testing by global experts to ensure maximum impact and quality for customers.
What products or services does Shyft offer?
Shyft offers Plant Protein Isolate and Nutrition Consultations.
Who are Shyft's investors?
Shyft has 20 investors. Key investors include Anicut Capital, Capier Investments, Scale Ventures, Mehroo Jeejeebhoy Investments, and Three State Capital.
What is Shyft's valuation?
The valuation of Shyft is $22.03M as of Nov 2021.
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