About VEGOLUTION
VEGOLUTION is a Consumer company based in Bengaluru (India) founded in 2019 by Rajit Malhotra and Siddharth Ramasubramanian. Versatile and nutritious protein-first vegetarian foods are produced. VEGOLUTION has raised $3.83 million across 5 funding rounds from investors including Swahana Advisory, Kunal Jesrani and Anuj Malhotra. The company has 28 employees. VEGOLUTION was last valued at $14.41 million in January 2025. Its chief executive, as recorded, is Siddharth Ramasubramanian. Its Indian entity Vegolution India Private Limited reported revenue of ₹6.16 Cr. VEGOLUTION offers products and services including HELLO TEMPAYY, Natural Variant, Simply Sriracha Variant, Szechuan Chilli Variant, and Tawa Masala Variant. Its focus areas include Food and Agriculture, Food & Beverage Products, Convenience Foods and Ready to Eat Meals.
Company details
VEGOLUTION was founded in 2019 in Bengaluru, India, by co-founders Rajit Malhotra and Siddharth Ramasubramanian. Operations are focused on the food sector, where protein-first vegetarian foods are developed to be versatile and nutritious. These products are aimed at providing plant-based alternatives, with activities centered in India to address demands in the vegetarian protein market. The companys domain, veg-olution.com, supports its online presence.
- Headquarters Bengaluru, India
- Employees 28
- Founders Rajit Malhotra, Siddharth Ramasubramanian
- Stage Minicorn
- SectorsConsumer
- Email••••••••
- Website veg-olution.com
- Social LinkedIn
- Legal Name Vegolution India Private Limited
- Date of Incorporation 21 Aug, 2019
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹6.16 Cr
FY 2024 · +60% YoY
- Net Loss-₹7.27 Cr
FY 2024 · -118% margin
- EBITDA-₹7.12 Cr
FY 2024 · -116% margin
- Total Equity Funding$3.83M (USD)
in 5 rounds
- Latest Funding Round$478.38K (USD), Seed
Jan 2025
- Employee Count28
Associated legal entities of VEGOLUTION
VEGOLUTION operates through Vegolution India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Vegolution India Private Limited CIN U15136KA2019PTC127231 | Active | 21 Aug 2019 | Bangalore, Karnataka | ₹6.2 Cr | 28 | 3 | View details |
Products & Services of VEGOLUTION
VEGOLUTION offers a comprehensive portfolio of products and services, including HELLO TEMPAYY, Natural Variant, Simply Sriracha Variant, Szechuan Chilli Variant, and Tawa Masala Variant.
Fermented soybean product for easy cooking and nutritious meals.
Basic tempeh option providing protein for diverse dietary needs.
Spiced tempeh for flavorful, healthy vegetarian dishes.
Chilli-infused tempeh for versatile and protein-rich cooking.
Masala-flavored tempeh as a quick, nutritious meal base.
Funding Insights of VEGOLUTION
VEGOLUTION has successfully raised a total of $3.83M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $478.38 thousand completed in January 2025. 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 $3.83M
- Total Rounds 5
- Last Round Seed — $478,384
- First Round $1.15M
(Jul 2020)
- Investors Count 21
All 5 funding rounds of VEGOLUTION 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 |
|---|---|---|---|---|---|
| Jan 2025 | $478,384 | Seed | $14.41M | Madhav Mirani, Bhavin Patel | |
| Feb 2024 | $99,309 | Angel Round | $11.51M | Vinal Sampat | – |
| Mar 2023 | $1.65M | Seed | $••••• | – | |
| Sep 2021 | $452,667 | Seed | $••••• | Tandem Technology Partners | |
| Jul 2020 | $1.15M | Seed | $••••• | August Holding |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2025 | $14.41M | •••••••• |
| Feb 2024 | $11.51M | •••••••• |
| Mar 2023 | $••••• | •••••••• |
| Sep 2021 | $••••• | •••••••• |
| Jul 2020 | $••••• | •••••••• |
Full valuation and stage history of VEGOLUTION
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $14.41M (Jan 2025). 21 investors in total: 4 institutional and 17 angel.
Investors in VEGOLUTION
VEGOLUTION has secured backing from 21 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Swahana Advisory, Kunal Jesrani and Anuj Malhotra.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by this private equity firm. | augustholding.tcc.mode | Port Louis, Mauritius | ||
Private equity firm focused on multiple sectors | tandemtechnologypartners.tcc.mode | |||
Management consulting services are provided to business clients. | ariasconsulting.tcc.mode | Kent, United Kingdom | ||
KJ Kunal Jesrani | unknown_b7e0e2807e5f47758 | |||
AM Anuj Malhotra | unknown_af1527ab5f78401ea | |||
KS K S Narayanan | unknown_0363f9e6e92e44b89 | |||
AK Ashok Kumar Barat | unknown_31e5bb64a85d462b8 | |||
AL Althea Lilia Rebeiro | unknown_be15df987bf943898 | |||
SN Sumeet Nagar | Founder of Malabar Investments, active angel investor in Indian startups | unknown_d20297a54a2741629 | ||
AS Azhar Siddiqui | Founder of Hyperbots, AI fintech innovator, active angel investor | unknown_41560e97517f4f669 |
Investor details for VEGOLUTION
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Board of directors of Vegolution India Private Limited (VEGOLUTION)
Vegolution India Private Limited is the primary company behind VEGOLUTION. The board of Vegolution India Private Limited currently have 3 directors; the longest-serving is Siddharth Vaikunta Ramasubramanian, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Siddharth Vaikunta Ramasubramanian DIN 08542264 | Director | 21 Aug 2019 | 7 yrs 2 mo | Vegolution India Private Limited |
| Ramasubramanian Vaikunta DIN 03529609 | Director | 21 Aug 2019 | 7 yrs 2 mo | Vegolution India Private Limited |
| Rajit Malhotra DIN 10231136 | Director | 25 Sep 2023 | 3 yrs | Vegolution India Private Limited |
People of VEGOLUTION
2 people are tracked at VEGOLUTION (2 in leadership); the tracked headcount is 28.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for VEGOLUTION
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of VEGOLUTION
Figures of Vegolution India Private Limited, the primary company behind VEGOLUTION, for FY 2024. Revenue was ₹6.16 Cr (+60% year on year). Net loss was -₹7.27 Cr (-118% margin). EBITDA was -₹7.12 Cr (-116% margin). Revenue has grown at a compounded annual rate of +464% over three years.
- ₹6.16 CrRevenue · FY 2024 · +60% YoY
- -₹7.27 CrNet loss · -118% margin
- -₹7.12 CrEBITDA · -116% margin
- ₹59.2 LakhPaid-up capital
- 28Employees (provident fund records)
- +464%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Vegolution India Private Limited are on its company page.
Detailed financial statements for VEGOLUTION
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of VEGOLUTION
4 dated milestones of VEGOLUTION across 6 years, from founding to its latest funding, stage changes and deals.
- Founded VEGOLUTION is founded.
- Funding First funding round of $1.2M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $478K.
Top companies in Food & Beverage Products & Processing
3 companies that operate in the same segment as VEGOLUTION (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 97.26 M | 2,828 |
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Related news about Vegolution
Complete news archive for VEGOLUTION
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Frequently Asked Questions about VEGOLUTION
VEGOLUTION was founded in 2019 and raised its 1st funding round 1 year after it was founded.
VEGOLUTION is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Siddharth Ramasubramanian is the CEO of VEGOLUTION, as recorded in our data. They have also founded this company.
VEGOLUTION is a funded company, having raised a total of $3.83M across 5 funding rounds to date. The company's 1st funding round was a Seed of $1.15M, raised on Jul 2020.
VEGOLUTION has 28 employees.
The primary company behind VEGOLUTION, Vegolution India Private Limited, reported revenue of ₹6.16 Cr for FY 2024, up 60% year on year.
VEGOLUTION was founded in 2019 in Bengaluru, India, by co-founders Rajit Malhotra and Siddharth Ramasubramanian. Operations are focused on the food sector, where protein-first vegetarian foods are developed to be versatile and nutritious. These products are aimed at providing plant-based alternatives, with activities centered in India to address demands in the vegetarian protein market. The companys domain, veg-olution.com, supports its online presence.
VEGOLUTION offers HELLO TEMPAYY, Natural Variant, Simply Sriracha Variant, Szechuan Chilli Variant, and Tawa Masala Variant.
VEGOLUTION has 21 investors. Key investors include Swahana Advisory, Kunal Jesrani, Anuj Malhotra, August Holding, and Tandem Technology.
The valuation of VEGOLUTION is $14.41M as of Jan 2025.
VEGOLUTION operates through Vegolution India Private Limited.
The legal entities of VEGOLUTION currently have 3 directors, including Siddharth Vaikunta Ramasubramanian, Ramasubramanian Vaikunta, Rajit Malhotra.