Sweetmate

Ahmedabad, India Founded: 2023 • Age: 3 yrs
Offers natural stevia-based sweeteners, jams, and drinks for health-conscious individuals.
Annual revenue - Latest available
Total funding - Funding intelligence
Employees 113 Tracked headcount
Investors - Known backers
Products 7 Services tracked
Competitors 10 Brand Intelligence

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
  • Sectors
    Consumer
  • Email
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  • Website
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  • Legal Name Tevos Pharmaceuticals Llp
  • Date of Incorporation 13 Feb, 2020
  • Jurisdiction Ahmedabad, Gujarat, India
Operational Areas
Consumer → Baby, Parenting & Pet Care Unlock Sub-Sector Unlock Segment
Consumer → Food, Beverage & Nutrition Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
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  • Net Profit
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  • EBITDA
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  • Latest Funding Round
    Not available
  • Investors
    Not available
  • 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.

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Primary

Liquid zero-calorie sweetener for beverages and cooking.

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Powdered alternative for baking and sugar replacement.

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Portable packets for on-the-go sweetening needs.

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Tablet form for easy, calorie-free sugar substitution.

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Mix for instant hydration and energy restoration.

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Sugar-free spread made with natural ingredients.

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Zero-sugar jam using pure fruit pulp for spreads.

Funding Insights of Sweetmate

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Detailed funding history for Sweetmate

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  • Round names and dates
  • Funding amounts
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  • Valuation history

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Investments & Acquisitions by Sweetmate

Investments
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Investment portfolio details for Sweetmate

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  • Transaction dates
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Financial Statements - Sweetmate

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Detailed financials for Sweetmate

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  • Historical revenue
  • Profit trends
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Sweetmate Comparisons

Sweetmate Primary company
Description
Offers natural stevia-based sweeteners, jams, and drinks for...
Location
Ahmedabad, India
Founded Year
2023
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
113
As of 2025
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Peer comparison for Sweetmate

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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.

Company Name Domain Founded year HQ Location Description
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Sweeteners brand
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Produces high-quality protein sweeteners for the food industry.
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Plant-based low-calorie sugar substitutes are manufactured from fibers.
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Healthcare and nutrition products are offered by Xilinat brand.
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Functional fibers for human digestion health are developed.
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Plant-based sugar substitute ingredients are developed for food applications.
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Detailed competitors of Sweetmate

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Latest news on Sweetmate

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Complete news archive for Sweetmate

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Frequently Asked Questions about Sweetmate

Sweetmate was founded in 2023.

Sweetmate is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.

Mrugank Shah is the current CEO of Sweetmate. They have also founded this company.

As of Jan 31, 2025, the latest employee count at Sweetmate is 113.

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.

Sweetmate's top competitors include Stem Sugar, Wholesome and BioNeutra.

Sweetmate offers Stevia Drops, Stevia Powder, Stevia Sachets, Stevia Tablets, and 3 more products and services.

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