About Upakarma
Upakarma is a company based in Delhi (India) founded in 2017 by Parag Kaushik and Vishal Kaushik was acquired by Mankind Pharma in November 2022.. Upakarma has raised $55.82 thousand across 2 funding rounds from investors including Mankind Pharma and Nutraveda. The company has 4 employees as of April 08, 2024. Upakarma offers products and services including Shilajit Resin, Ashwagandha Capsules, Shilajit with Safed Musli, and Ashwagandha Effervescent. Upakarma operates in a competitive market with competitors including Kapiva, Setu, BBetter, Patanjali Ayurved and Nutrova, among others.
- Headquarter Delhi, India
- Employees 4 as on 08 Apr, 2024
- Founders Parag Kaushik, Vishal Kaushik
- 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 Upakarma Ayurveda Private Limited
- Date of Incorporation 28 Nov, 2017
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$2.07 M (USD)63.23as on Mar 31, 2022
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Net Profit
$-329.47 K (USD)-263.12as on Mar 31, 2022
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EBITDA
$-211.52 K (USD)-519.56as on Mar 31, 2022
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Total Equity Funding
$55.82 K (USD)
in 2 rounds
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Latest Funding Round
$20.15 K (USD), Seed
Jan 21, 2022
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Investors
Mankind Pharma
& 1 more
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Employee Count
4
as on Apr 08, 2024
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Acquired by
Mankind Pharma
(Nov 28, 2022)
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Products & Services of Upakarma
Upakarma offers a comprehensive portfolio of products and services, including Shilajit Resin, Ashwagandha Capsules, Shilajit with Safed Musli, and Ashwagandha Effervescent. 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.
Boosts stamina and strength with herbal extracts for daily health.
Helps relieve stress and enhance immunity through natural ingredients.
Supports physical performance and power for men's health needs.
Provides immunity boost and anxiety relief in effervescent form.
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Funding Insights of Upakarma
Upakarma has successfully raised a total of $55.82K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $20.15 thousand completed in January 2022. 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 2
- Last Round Seed — $20,153
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First Round
First Round
(26 Mar 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Seed - Upakarma | Valuation | Nutraveda |
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| Mar, 2021 | Amount | Seed - Upakarma | Valuation | Nutraveda |
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| 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 Upakarma
Upakarma has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Mankind Pharma and Nutraveda. 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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Manufacturer of herbal medicines
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Founded Year | Domain | Location | |
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Pharmaceutical company engaged in developing, manufacturing, and marketing a diverse range of pharmaceutical formulations
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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 Upakarma
| 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 - Upakarma
| 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 |
Upakarma Comparisons
Competitors of Upakarma
Upakarma 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 Kapiva, Setu, BBetter, Patanjali Ayurved and Nutrova, 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 |
Ayurvedic healthcare and nutritional products are provided by Kapiva.
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| domain | founded_year | HQ Location |
Dietary supplements with herbal extracts and vitamins are provided.
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| domain | founded_year | HQ Location |
Nutritional supplements are provided to enhance health and wellness.
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| domain | founded_year | HQ Location |
Ayurvedic medicines and nutraceuticals are offered via an online platform.
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| domain | founded_year | HQ Location |
Dietary supplements are provided for wellness and muscle support.
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| domain | founded_year | HQ Location |
Gut health-tech company developing ayurvedic healthcare solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Upakarma
Frequently Asked Questions about Upakarma
When was Upakarma founded?
Upakarma was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Upakarma located?
Upakarma is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is Upakarma a funded company?
Upakarma is a funded company, having raised a total of $55.82K across 2 funding rounds to date. The company's 1st funding round was a Seed of $35.67K, raised on Mar 26, 2021.
How many employees does Upakarma have?
As of Apr 08, 2024, the latest employee count at Upakarma is 4.
What is the annual revenue of Upakarma?
Annual revenue of Upakarma is $2.07M as on Mar 31, 2022.
What does Upakarma do?
Upakarma Ayurveda was founded in 2017 in Delhi, India, as a direct-to-consumer brand in the wellness sector. Products based on ancient Indian formulations are sourced from high-quality ingredients for areas including mens and womens health, mental wellness, skincare, immunity, and disease management. Operations focus on internet-based sales, with emphasis on authentic Ayurvedic experiences delivered to customers seeking balanced lifestyles.
Who are the top competitors of Upakarma?
Upakarma's top competitors include Kapiva, Patanjali Ayurved and Setu.
What products or services does Upakarma offer?
Upakarma offers Shilajit Resin, Ashwagandha Capsules, Shilajit with Safed Musli, and Ashwagandha Effervescent.
Who are Upakarma's investors?
Upakarma has 2 investors. Key investors include Mankind Pharma, and Nutraveda.
What is Upakarma's valuation?
The valuation of Upakarma is $5.28M as of Jan 2022.
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