About Veeba
Veeba is a company based in Gurugram (India) founded in 2012 by Viraj Bahl.. Veeba has raised $58.27 million across 9 funding rounds from investors including Yukti Securities, Sixth Sense Ventures and Saama Capital. The company has 1,121 employees as of January 08, 2025. Veeba offers products and services including Mayonnaise, Ketchup, Sandwich Spreads, Dressings, and Hot Sauces. Veeba operates in a competitive market with competitors including Masterchow, Naagin Sauce, Him Shakti, Troovy and Chutnefy, among others.
- Headquarter Gurugram, India
- Employees 1121 as on 08 Jan, 2025
- Founders Viraj Bahl
- Stage Minicorn
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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 Vrb Consumer Products Private Limited
- Date of Incorporation 12 Oct, 2012
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$103.41 M (USD)7.86as on Mar 31, 2024
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Net Profit
$3.37 M (USD)22481.51as on Mar 31, 2024
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EBITDA
$3.42 M (USD)2422.32as on Mar 31, 2024
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Total Equity Funding
$58.27 M (USD)
in 9 rounds
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Latest Funding Round
$13.99 M (USD), Series D
Nov 27, 2019
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Investors
Yukti Securities
& 9 more
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Employee Count
1121
as on Jan 08, 2025
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Products & Services of Veeba
Veeba offers a comprehensive portfolio of products and services, including Mayonnaise, Ketchup, Sandwich Spreads, Dressings, and Hot Sauces. 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.
Eggless mayonnaise for sandwiches and everyday meal enhancements.
Tomato ketchup with no added preservatives for versatile use.
Various spreads for enhancing sandwiches and snacks easily.
Flavorful dressings for salads and meals with global inspirations.
Spicy sauces like peri peri for adding heat to dishes.
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Funding Insights of Veeba
Veeba has successfully raised a total of $58.27M across 9 strategic funding rounds. The most recent funding activity was a Series D round of $13.99 million completed in November 2019. 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 9
- Last Round Series D — $14.0M
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First Round
First Round
(17 Dec 2012)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Series D - Veeba | Valuation |
investors |
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| Jul, 2019 | Amount | Series D - Veeba | Valuation | Verlinvest |
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| Mar, 2018 | Amount | Series D - Veeba | Valuation | Verlinvest |
| 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 Veeba
Veeba has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Yukti Securities, Sixth Sense Ventures and Saama Capital. 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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Investing in and supporting insurgent consumer brands in India and Southeast Asia.
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Founded Year | Domain | Location | |
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Venture capital investments and partnerships in diverse sectors.
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Founded Year | Domain | Location | |
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Single family office of a Belgian family focused on multiple industries
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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 Veeba
| 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 - Veeba
| 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 |
Veeba Comparisons
Competitors of Veeba
Veeba 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 Masterchow, Naagin Sauce, Him Shakti, Troovy and Chutnefy, 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 sauces are offered by this internet-first brand.
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| domain | founded_year | HQ Location |
Manufacturer of Indian-style hot sauces and spice blends
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| domain | founded_year | HQ Location |
Internet first brand of rice, millets, salt, and spices
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| domain | founded_year | HQ Location |
Online platform offering healthy, chemical-free food products for children
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| domain | founded_year | HQ Location |
Chutneys and spreads are offered by an internet-first brand.
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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 Veeba
Frequently Asked Questions about Veeba
When was Veeba founded?
Veeba was founded in 2012.
Where is Veeba located?
Veeba is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is Veeba a funded company?
Veeba is a funded company, having raised a total of $58.27M across 9 funding rounds to date. The company's 1st funding round was a Series D of $11.87M, raised on Dec 17, 2012.
How many employees does Veeba have?
As of Jan 08, 2025, the latest employee count at Veeba is 1,121.
What is the annual revenue of Veeba?
Annual revenue of Veeba is $103.41M as on Mar 31, 2024.
What does Veeba do?
Veeba was founded in 2012 in Gurugram, India, focusing on the condiment and specialty food sector. A portfolio of products, including mayonnaise spreads, sandwich spreads, pizza spreads, peanut butter, dressings, and preserves, is developed and distributed. These items are targeted at institutional clients such as international restaurant chains and coffee bars, alongside retail consumers, with operations centered on online channels.
Who are the top competitors of Veeba?
Veeba's top competitors include Troovy, Masterchow and Naagin Sauce.
What products or services does Veeba offer?
Veeba offers Mayonnaise, Ketchup, Sandwich Spreads, Dressings, and Hot Sauces.
Who are Veeba's investors?
Veeba has 10 investors. Key investors include Yukti Securities, Sixth Sense Ventures, Saama Capital, DSG Consumer Partners, and Verlinvest.
What is Veeba's valuation?
The valuation of Veeba is $266.13M as of Nov 2019.
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