About Sweetmate
Sweetmate is a company based in Ahmedabad (India) founded in 2023 by Mrugank Shah and Nishi Shah. It operates as a B2C, and D2C. The company has 113 employees as of January 31, 2025. Sweetmate offers products and services including Stevia Drops, Stevia Powder, Stevia Sachets, Stevia Tablets, and Electrolyte Drink Mix. Sweetmate operates in a competitive market with competitors including Wholesome, MiraculeX, Stem Sugar, Xilinat and BioNeutra, among others.
- Headquarter Ahmedabad, India
- Employees 113 as on 31 Jan, 2025
- Founders Mrugank Shah, Nishi Shah
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Sectors
Consumer
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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 Tevos Pharmaceuticals Llp
- Date of Incorporation 13 Feb, 2020
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
113
as on Jan 31, 2025
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Products & Services of Sweetmate
Sweetmate offers a comprehensive portfolio of products and services, including Stevia Drops, Stevia Powder, Stevia Sachets, Stevia Tablets, and Electrolyte Drink Mix. 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.
Liquid zero-calorie sweetener for beverages and cooking.
Powdered alternative for baking and sugar replacement.
Portable packets for on-the-go sweetening needs.
Tablet form for easy, calorie-free sugar substitution.
Mix for instant hydration and energy restoration.
Sugar-free spread made with natural ingredients.
Zero-sugar jam using pure fruit pulp for spreads.
Funding Insights of Sweetmate
| 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 |
Investments & Acquisitions by Sweetmate
| 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 - Sweetmate
| 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 |
Sweetmate Comparisons
Competitors of Sweetmate
Sweetmate 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 Wholesome, MiraculeX, Stem Sugar, Xilinat and BioNeutra, 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 |
Sweeteners brand
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| domain | founded_year | HQ Location |
Produces high-quality protein sweeteners for the food industry.
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| domain | founded_year | HQ Location |
Plant-based low-calorie sugar substitutes are manufactured from fibers.
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| domain | founded_year | HQ Location |
Healthcare and nutrition products are offered by Xilinat brand.
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| domain | founded_year | HQ Location |
Functional fibers for human digestion health are developed.
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| domain | founded_year | HQ Location |
Plant-based sugar substitute ingredients are developed for food applications.
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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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Frequently Asked Questions about Sweetmate
When was Sweetmate founded?
Sweetmate was founded in 2023.
Where is Sweetmate located?
Sweetmate is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Who is the current CEO of Sweetmate?
Mrugank Shah is the current CEO of Sweetmate. They have also founded this company.
How many employees does Sweetmate have?
As of Jan 31, 2025, the latest employee count at Sweetmate is 113.
What does Sweetmate do?
Sweetmate produces and sells natural, zero-calorie stevia products, including drops, powders, sachets, tablets, jams, electrolyte drinks, and chocolate spreads. These items cater to diabetics and health-focused consumers by offering sugar-free alternatives without bitter aftertaste. The company operates online with direct sales, emphasizing quality and convenience. Based in Ahmedabad, India, it serves individual buyers seeking healthier options.
Who are the top competitors of Sweetmate?
Sweetmate's top competitors include Stem Sugar, Wholesome and BioNeutra.
What products or services does Sweetmate offer?
Sweetmate offers Stevia Drops, Stevia Powder, Stevia Sachets, Stevia Tablets, and 3 more products and services.