Total amount raised
$17 Millions
Latest funding date
03/01/2021
Location
OZiva has successfully raised funds through multiple rounds, with the last funding round being a Series B on March 17, 2021. The company has been backed by notable investors such as F-Prime Capital and Eight Roads Ventures India.
Keep reading to explore the intricacies of OZiva's fundraising journey and the investors backing this innovative platform.
What Is OZiva?
OZiva, founded in 2016, is a plant-based clean nutrition brand based in Mumbai, Maharashtra, India. The company was established by Aarti Gill and Mihir Gadani.
Specializing in holistic nutrition, OZiva offers a range of products including protein blends, multivitamins, and supplements for hair and skin health. They combine ancient sciences like Ayurveda with modern micronutrients to create a comprehensive wellness ecosystem.
With a team of 101-250 employees, OZiva also runs initiatives like the OZiva Kisaan Vikas Program, aimed at empowering farmers and their children.
How Much Funding Has OZiva Raised?
- Series A Funding Round
- Amount Raised: $5M
- Date: June 2020
- Lead Investors: Matrix Partners India, Titan Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The Series A funding was likely aimed at initial growth and development, including scaling operations and expanding the team.
- Series B Funding Round
- Amount Raised: $12M
- Date: March 2021
- Lead Investors: Eight Roads Ventures, F-Prime Capital, Matrix Partners India
- Valuation at Round: $80M
- Motivation Behind the Round: The funds were used to build the team, enter new product categories, enhance the technology platform, and invest in research and development.
Total Amount Raised: $17M. Current Valuation: $80M.
Key Investors
- Eight Roads Ventures
- Details: Eight Roads Ventures is a global venture capital firm that invests in high-growth technology and healthcare companies. They have a strong presence in India and have been instrumental in supporting innovative startups.
- Investment Focus Areas: Technology, healthcare, consumer sectors
- Notable Investments: Alibaba, App Annie, NeoPhotonics
- F-Prime Capital
- Details: F-Prime Capital is a global venture capital firm with a focus on healthcare and technology sectors. They have a history of investing in groundbreaking companies that drive innovation in their respective fields.
- Investment Focus Areas: Healthcare, technology
- Notable Investments: Denali Therapeutics, Orchard Therapeutics, Ultragenyx
- Matrix Partners India
- Details: Matrix Partners India is a venture capital firm that invests in early-stage companies across various sectors in India. They are known for their strategic support and extensive network.
- Investment Focus Areas: Consumer technology, B2B, enterprise sectors
- Notable Investments: Ola, Practo, Quikr
- Z47
- Details: Z47 is one of the investors in OZiva. Specific details about Z47 are not provided in the available sources.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
What's Next for OZiva?
OZiva stands at the cusp of significant growth opportunities, driven by the increasing demand for plant-based nutrition and personalized health solutions. The company plans to expand its product categories, including kids' nutrition and vitamins, while enhancing its technology platform to offer more personalized services. With a goal to empower over 100 million lives, OZiva aims to scale its subscription program and build a robust community around health and wellness.
Future fundraising appears promising as OZiva continues to attract investor interest, particularly in the burgeoning D2C sector. The company’s ambitious target of achieving Rs 500 crore in annualized revenue within the next three years suggests that additional funding rounds may be on the horizon to support its expansion and R&D efforts. Strategic acquisitions could also play a role in enhancing their product offerings and technological capabilities.
However, OZiva faces challenges such as intense competition from established brands and the need to maintain high product quality while scaling operations. Navigating regulatory requirements and achieving ambitious growth targets will require careful planning and execution. Despite these hurdles, the company’s strong market position and innovative approach position it well for future success.
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