Total amount raised
$6 Million
Latest funding date
10/01/2024
Location
Evenflow has successfully completed 5 funding rounds, attracting investment from 31 investors, including notable names like Venture Catalysts and Sunder Ramachandran. The company specializes in acquiring and scaling e-commerce businesses, transforming them into everyday consumer brands through a structured process of acquisition, integration, and growth.
Evenflow's approach involves integrating acquired businesses into their ecosystem, covering aspects such as sourcing, supply chain, warehousing, and performance marketing. Keep reading to explore the intricacies of Evenflow's fundraising journey and the investors backing this innovative platform.
What Is Evenflow?
Evenflow, founded in 2021, is a private company based in Mumbai, Maharashtra, India. The company operates in various industries, including Business Development, Consumer, E-Commerce, Marketplace, and Retail.
Specializing in acquiring and scaling third-party brands that sell on e-commerce marketplaces, Evenflow has a workforce of 11-50 employees. The company follows a structured process of evaluation, due diligence, acquisition, and integration to transform acquired businesses into successful consumer brands.
How Much Funding Has Evenflow Raised?
- Pre-Seed Round
- Amount Raised: USD 1,000,000
- Date: June 2021
- Lead Investors: 100Unicorns, Equanimity Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and acquire initial brands for scaling.
- Seed Round
- Amount Raised: USD 5,000,000
- Date: December 2021
- Lead Investors: 100Unicorns, Venture Catalysts, Village Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the portfolio of acquired brands and enhance operational capabilities.
- Seed Round
- Date: January 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale existing brands and improve market reach.
- Series A Round
- Date: October 2024
- Lead Investors: Shail Patel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and grow seven acquired homegrown brands.
- Series A Round
- Amount Raised: USD 5,000,000
- Date: April 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To prepare for an IPO by 2027 and increase global market presence.
Total Amount Raised: USD 11,000,000
Current Valuation: Not publicly disclosed
Key Investors
- 100Unicorns
- Details: 100Unicorns is a venture capital firm that focuses on early-stage startups. They have been instrumental in providing seed funding to promising new businesses.
- Investment Focus Areas: Early-stage startups, various sectors
- Notable Investments: Various early-stage startups
- Venture Catalysts
- Details: Venture Catalysts is a leading early-stage incubator and accelerator in India. They provide funding, mentorship, and networking opportunities to startups.
- Investment Focus Areas: Technology, consumer goods, healthcare
- Notable Investments: Beardo, Fynd, PeeSafe
- Village Global
- Details: Village Global is a venture capital firm backed by some of the world’s most successful entrepreneurs. They focus on investing in technology startups.
- Investment Focus Areas: Technology startups
- Notable Investments: Multiple technology startups
- Equanimity Investments
- Details: Equanimity Investments is a venture capital firm that focuses on early-stage startups. They aim to support businesses with high growth potential.
- Investment Focus Areas: Early-stage startups
- Notable Investments: Various early-stage startups
- Shail Patel
- Details: Shail Patel is a serial entrepreneur and the Director at Adjavis Venture Limited, a leading personal care company. He has invested in Evenflow during the bridge round.
- Investment Focus Areas: Personal care, consumer goods
- Notable Investments: Adjavis Venture Limited
What's Next for Evenflow?
Evenflow is poised for significant growth as it expands operations and enhances the presence of its seven acquired homegrown brands. With a focus on entering new markets and strengthening its supply chain, the company aims to increase its global footprint. The potential for 10X revenue growth and a six-fold profit increase by 2027 highlights the vast opportunities ahead.
Future fundraising efforts are likely to be robust, with plans to prepare for an IPO by the end of 2027. The ongoing $5 million Series A round and the recent bridge round indicate strong investor confidence. However, challenges such as scaling operations and navigating a tougher funding environment remain. Successfully managing these hurdles will be crucial for Evenflow's ambitious growth trajectory.
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