About Tulua
Tulua is a Consumer company based in Mumbai (India) founded in 2020 by Richy Hitesh Dave. Spices and ready-to-cook pastes are sold online by Tulua. It operates in the Consumer and Retail sectors. Tulua has raised $697.03 thousand across 4 funding rounds from investors including Hem Securities, Invstt and Bestvantage Investments. Tulua was last valued at $1.3 million in March 2023. Its chief executive, as recorded, is Richy Hitesh Dave. Its website tulua.shop draws about 23 thousand monthly visits. Its Indian entity Tulua Foods Private Limited reported revenue of ₹3.90 Cr. Its focus areas include Food and Agriculture, Food & Beverage Products, Grocery & Staples and Spices & Seasonings. Its competitors include Keya Foods, CurryIt and Zoff Foods; 3 of its 3 listed competitors have raised funding.
Company details
Tulua was founded in 2020 and is based in Mumbai, India. An online brand in the food ingredients sector, it is operated to provide whole spices, powdered spices, and ready-to-cook pastes for recipes. Ingredients are ethically sourced without added chemicals, flavors, colors, or preservatives. The company focuses on direct-to-consumer sales through its domain.
- Headquarters Mumbai, India
- Founders Richy Hitesh Dave
- Stage Minicorn
- SectorsConsumerRetail
- Website category Food and Drink · Restaurants and Delivery
- Email••••••••
- Phone•••• ••••
- Website tulua.shop
- Social Facebook Instagram
- Legal Name Tulua Foods Private Limited
- Date of Incorporation 14 Jan, 2020
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹3.90 Cr
FY 2025 · +41% YoY
- Net Loss-₹1.48 Cr
FY 2025 · -38% margin
- EBITDA-₹1.47 Cr
FY 2025 · -38% margin
- Total Equity Funding$697.03K (USD)
in 4 rounds
- Latest Funding Round$29.42K (USD), Seed
Dec 2024
- InvestorsHem Securities
& 17 more
Associated legal entities of Tulua
Tulua operates through Tulua Foods Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tulua Foods Private Limited CIN U15131MH2020PTC336039 | Active | 14 Jan 2020 | Mumbai, Maharashtra | ₹3.9 Cr | 2 | View details |
Funding Insights of Tulua
Tulua has successfully raised a total of $697.03K across 4 strategic funding rounds. The most recent funding activity was a Seed round of $29.42 thousand completed in December 2024. 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 $697,033
- Total Rounds 4
- Last Round Seed — $29,422
- First Round $237,136
(Mar 2023)
- Investors Count 18
All 4 funding rounds of Tulua 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 |
|---|---|---|---|---|---|
| Dec 2024 | $29,422 | Seed | – | – | |
| Oct 2024 | $334,101 | Seed | – | Santosh Kumar, Blink Digital | |
| Feb 2024 | $96,374 | Angel Round | – | Santosh Kumar | – |
| Mar 2023 | $237,136 | Seed | $1.3M | Bestvantage Investments |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2023 | $1.3M | •••••••• |
Last known valuation $1.3M (Mar 2023). 18 investors in total: 12 institutional and 6 angel.
Investors in Tulua
Tulua has secured backing from 18 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Hem Securities, Invstt and Bestvantage Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Single family office services are managed for Kadambi Prabhu family. | Bengaluru, India | |||
A success catalyst for startups is provided by BeyondSeed. | beyondseed.com | |||
Startups are matched with investors via an online investment platform. | 2021 | invstt.com | Mumbai, India | |
| wefoundercircle.com | ||||
Platform connecting startups with investors for funding, mentorship, and capital raising. | 2020 | bestvantageinvestments.com | Thane, India | |
Advisory services are provided by Shakun Advisors in Mumbai, India. | Mumbai, India | |||
Legal consulting services are provided to clients from Akola, India. | Akola, India | |||
A firm providing stock brokerage and investment banking services. | 1981 | hemsecurities.com | Jaipur, India | |
StarLine Precious Stone is engaged in wholesale jewelry and precious stones business. | 2011 | starlineps.com | Surat, India | |
Investor details for Tulua
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Tulua Foods Private Limited (Tulua)
Tulua Foods Private Limited is the primary company behind Tulua. The board of Tulua Foods Private Limited currently have 2 directors; the longest-serving is Richy Hitesh Dave, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Richy Hitesh Dave DIN 07262174 | Director | 14 Jan 2020 | 6 yrs 9 mo | Tulua Foods Private Limited |
| Hitesh Ravindra Dave DIN 08668731 | Director | 31 Dec 2020 | 5 yrs 10 mo | Tulua Foods Private Limited |
People of Tulua
1 people are tracked at Tulua (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for Tulua
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Tulua
Figures of Tulua Foods Private Limited, the primary company behind Tulua, for FY 2025. Revenue was ₹3.90 Cr (+41% year on year). Net loss was -₹1.48 Cr (-38% margin). EBITDA was -₹1.47 Cr (-38% margin). Revenue has grown at a compounded annual rate of +114% over three years.
- ₹3.90 CrRevenue · FY 2025 · +41% YoY
- -₹1.48 CrNet loss · -38% margin
- -₹1.47 CrEBITDA · -38% margin
- ₹1.7 LakhPaid-up capital
- +114%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Tulua Foods Private Limited are on its company page.
Detailed financial statements for Tulua
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Tulua
4 dated milestones of Tulua across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Tulua is founded.
- Funding First funding round of $237K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $29K.
Competitors of Tulua
Tulua has 3 listed competitors in our database, 3 of them funded. They include Keya Foods, CurryIt and Zoff Foods.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| keyafoods.com | 2009 | Mumbai, India | $209,091 | 280 | Multi-category food products are offered via an internet-first brand. | |
| curryit.in | 2020 | Delhi, India | $951,152 | Internet first brand offering spices and other food products | ||
| zofffoods.com | 2018 | Raipur, India | $5.16M | 213 | Multi-category spices and seasonings are sold online. |
Detailed competitors of Tulua
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Tulua
The website of Tulua (tulua.shop) receives about 23.4K visits a month and ranks #816,898 among all websites worldwide, #6,545 in Restaurants and Delivery.
- Monthly visits23.4K
▼ 38.6% vs previous month
- Unique visitors25.2K
per month
- Global rank#816,898
among all websites
- Category rank#6,545
Food and Drink · Restaurants and Delivery
- Bounce rate54%
- Pages per visit1.8
- Average visit45 sec
- DevicesDesktop 6% · Mobile 94%
Top companies in Food & Beverage Products & Processing
3 companies that operate in the same segment as Tulua (Food & Beverage Products & Processing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform offering a subscription-based delivery service for fresh milk and groceries | 2015 | Gurugram, Haryana, India | USD 228.42 M | USD 99.78 M | 3,464 | |
Subscription-based coffee products are offered by an internet-first brand. | 2013 | Gurugram, Haryana, India | USD 112.84 M | USD 25.83 M | 2,059 | |
Meat and seafood products are delivered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 564.84 M | USD 143.51 M | 2,828 |
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Related news about Tulua
Complete news archive for Tulua
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Frequently Asked Questions about Tulua
Tulua was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Tulua is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Richy Hitesh Dave is the CEO of Tulua, as recorded in our data. They have also founded this company.
Tulua is a funded company, having raised a total of $697.03K across 4 funding rounds to date. The company's 1st funding round was a Seed of $237.14K, raised on Mar 2023.
The primary company behind Tulua, Tulua Foods Private Limited, reported revenue of ₹3.90 Cr for FY 2025, up 41% year on year.
Tulua was founded in 2020 and is based in Mumbai, India. An online brand in the food ingredients sector, it is operated to provide whole spices, powdered spices, and ready-to-cook pastes for recipes. Ingredients are ethically sourced without added chemicals, flavors, colors, or preservatives. The company focuses on direct-to-consumer sales through its domain.
Tulua's top competitors include Zoff Foods, CurryIt and Keya Foods.
Tulua has 18 investors. Key investors include Hem Securities, Invstt, Bestvantage Investments, Kadambi Prabhu Family Services, and Shakun Advisors.
The valuation of Tulua is $1.3M as of Mar 2023.
Tulua operates through Tulua Foods Private Limited.
The legal entities of Tulua currently have 2 directors, including Richy Hitesh Dave, Hitesh Ravindra Dave.