About VEGOLUTION
VEGOLUTION is a company based in Bengaluru (India) founded in 2019 by Rajit Malhotra and Siddharth Ramasubramanian.. 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 as of April 04, 2024. VEGOLUTION offers products and services including HELLO TEMPAYY, Natural Variant, Simply Sriracha Variant, Szechuan Chilli Variant, and Tawa Masala Variant. VEGOLUTION operates in a competitive market with competitors including Birajdar Foods, among others.
- Headquarter Bengaluru, India
- Employees 28 as on 04 Apr, 2024
- Founders Rajit Malhotra, Siddharth Ramasubramanian
- 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 Vegolution India Private Limited
- Date of Incorporation 21 Aug, 2019
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$461.37 K (USD)267.7as on Mar 31, 2023
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Net Profit
$-668.11 K (USD)-82.64as on Mar 31, 2023
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EBITDA
$-707.63 K (USD)-101.69as on Mar 31, 2023
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Total Equity Funding
$3.83 M (USD)
in 5 rounds
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Latest Funding Round
$478.38 K (USD), Seed
Jan 27, 2025
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Investors
Swahana Advisory
& 20 more
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Employee Count
28
as on Apr 04, 2024
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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. 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.
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 Total Funding
- Total Rounds 5
- Last Round Seed — $478,384
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First Round
First Round
(18 Jul 2020)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Seed - VEGOLUTION | Valuation | Madhav Mirani , Bhavin Patel | |
| Feb, 2024 | Amount | Angel Round - VEGOLUTION | Valuation | Vinal Sampat |
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| Mar, 2023 | Amount | Seed - VEGOLUTION | Valuation |
investors |
| 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 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. 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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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Management consulting services are provided to business clients.
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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 VEGOLUTION
| 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 - VEGOLUTION
| 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 |
Vegolution Comparisons
Competitors of VEGOLUTION
VEGOLUTION 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 Birajdar Foods, 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 |
A brand specializing in high-quality, ready-to-eat food items for consumers.
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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 Vegolution
Frequently Asked Questions about VEGOLUTION
When was VEGOLUTION founded?
VEGOLUTION was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is VEGOLUTION located?
VEGOLUTION is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of VEGOLUTION?
Siddharth Ramasubramanian is the current CEO of VEGOLUTION. They have also founded this company.
Is VEGOLUTION a funded 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 $1.65M, raised on Jul 18, 2020.
How many employees does VEGOLUTION have?
As of Apr 04, 2024, the latest employee count at VEGOLUTION is 28.
What is the annual revenue of VEGOLUTION?
Annual revenue of VEGOLUTION is $461.37K as on Mar 31, 2023.
What does VEGOLUTION do?
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.
Who are the top competitors of VEGOLUTION?
VEGOLUTION's top competitors include Birajdar Foods.
What products or services does VEGOLUTION offer?
VEGOLUTION offers HELLO TEMPAYY, Natural Variant, Simply Sriracha Variant, Szechuan Chilli Variant, and Tawa Masala Variant.
Who are VEGOLUTION's investors?
VEGOLUTION has 21 investors. Key investors include Swahana Advisory, Kunal Jesrani, Anuj Malhotra, August Holding, and Tandem Technology.
What is VEGOLUTION's valuation?
The valuation of VEGOLUTION is $14.41M as of Jan 2025.
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