About Tulua
Tulua is a company based in Mumbai (India) founded in 2020 by Richy Hitesh Dave.. Tulua has raised $667.61 thousand across 3 funding rounds from investors including Hem Securities, Invstt and Bestvantage Investments. Tulua operates in a competitive market with competitors including Keya Foods, CurryIt, Zoff Foods, Snapin and Prakash Masale, among others.
- Headquarter Mumbai, India
- Founders Richy Hitesh Dave
- Stage Minicorn
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Sectors
ConsumerRetail
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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 Tulua Foods Private Limited
- Date of Incorporation 14 Jan, 2020
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$48.49 K (USD)367.53as on Mar 31, 2022
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Net Profit
$1.91 K (USD)114.59as on Mar 31, 2022
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EBITDA
$2.91 K (USD)124.72as on Mar 31, 2022
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Total Equity Funding
$667.61 K (USD)
in 3 rounds
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Latest Funding Round
$334.1 K (USD), Seed
Oct 25, 2024
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Investors
Hem Securities
& 16 more
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Employee Count
Employee Count
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Funding Insights of Tulua
Tulua has successfully raised a total of $667.61K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $334.1 thousand completed in October 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 Total Funding
- Total Rounds 3
- Last Round Seed — $334,101
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First Round
First Round
(30 Mar 2023)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Seed - Tulua | Valuation | Santosh Kumar , Blink Digital | |
| Feb, 2024 | Amount | Angel Round - Tulua | Valuation | Santosh Kumar |
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| Mar, 2023 | Amount | Seed - Tulua | Valuation | Bestvantage Investments |
| 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 |
Investors in Tulua
Tulua has secured backing from 17 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Hem Securities, Invstt and Bestvantage Investments. 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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Single family office services are managed for Kadambi Prabhu family.
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Founded Year | Domain | Location | |
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A success catalyst for startups is provided by BeyondSeed.
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Founded Year | Domain | Location | |
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Startups are matched with investors via an online investment platform.
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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.
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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 Tulua
| 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 - Tulua
| 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 |
Tulua Comparisons
Competitors of Tulua
Tulua 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 Keya Foods, CurryIt, Zoff Foods, Snapin and Prakash Masale, 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 |
Multi-category food products are offered via an internet-first brand.
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| domain | founded_year | HQ Location |
Internet first brand offering spices and other food products
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| domain | founded_year | HQ Location |
Multi-category spices and seasonings are sold online.
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| domain | founded_year | HQ Location |
Delivers a platform for gourmet seasonings and cooking essentials.
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| domain | founded_year | HQ Location |
Serves as a brand specializing in spices and masala products.
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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 Tulua
Frequently Asked Questions about Tulua
When was Tulua founded?
Tulua was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is Tulua located?
Tulua is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Tulua?
Richy Hitesh Dave is the current CEO of Tulua. They have also founded this company.
Is Tulua a funded company?
Tulua is a funded company, having raised a total of $667.61K across 3 funding rounds to date. The company's 1st funding round was a Seed of $237.14K, raised on Mar 30, 2023.
What is the annual revenue of Tulua?
Annual revenue of Tulua is $48.49K as on Mar 31, 2022.
What does Tulua do?
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.
Who are the top competitors of Tulua?
Tulua's top competitors include Zoff Foods, CurryIt and Keya Foods.
Who are Tulua's investors?
Tulua has 17 investors. Key investors include Hem Securities, Invstt, Bestvantage Investments, Kadambi Prabhu Family Services, and Shakun Advisors.
What is Tulua's valuation?
The valuation of Tulua is $1.3M as of Mar 2023.