Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
Nov, 09 2017

Kapiva Ayurveda Plans To Open Its store in Bangalore and Hyderabad

It has already raised $1.5 million from various investors

Kapiva Ayurveda, a disruptive ayurvedic healthcare startup backed by the Baidyanath group, plans to foray into the Bangalore and Hyderabad markets by the end of this year and raise around $10 million over the next year and a half to fund its expansion into other tier-1 cities across the country as well as build its brand in the US and European markets.

Start-up, which currently has a presence in Mumbai and Kolkata, manufactures and markets premium ayurvedic products targeted primarily at health conscious youngsters looking for on-the-go ayurveda. It has already raised $1.5 million from various investors, including $450,000 from the Baidyanath group that holds majority stake.

Shrey Badhani, founder and CEO, Kapiva Ayurveda said “We were surprised to find that 30% of the orders on our website come from Telangana and Andhra Pradesh. This prompted us to look seriously at the Hyderabad market, which we plan to enter by November end or early December this year after our foray into Bangalore.  Kapiva is looking at opening at 2-3 standalone clinics-cum-walkthrough pharmacies (typically 300-600 sft and helmed by an ayurvedic doctor) in Hyderabad and distribution through 300 stores comprising organised retailers, walk-through pharmacies and prominent standalone retailers over the next six months. We want to be in 3-4 cities and 2000 stores by the end of the fiscal and also build our brand in the US, both online and offline,” he said. In Mumbai, the start-up has four clinics with another two planned by January 2018 and also retails through 600 stores. In Kolkata, it has a presence in 100 outlets and operates four clinics along with Baidyanath group”.

Shrey Badhani also said “We hope to hit a revenue run rate of Rs 1 crore per month over the next 3-4 months,” he said. Currently exports account for nearly 40-45% of Kapiva’s sales while the domestic market accounts for 40% and 15% is through online sales, which includes its own website and e-commerce retailers. Kapiva, which garners the raw materials from farmers in Rajasthan, Uttarakhand, West Bengal and Sikkim, has a manufacturing agreement with Baidyanath group’s to utilise two of the latter’s GMP certified manufacturing facilities in Kolkata”.

Comment
Related opportunities
  • Quick Service Restaurants
    About Veggies :-Veggies is an Indian restaurant with an Indo western..
    Locations looking for expansion New Delhi
    Establishment year 2009
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 250 - 400 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • About:Inhouse burger is the home to some of the best..
    Locations looking for expansion Karnataka
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Competitive Exam Coaching Institute
    About:Unique Shiksha is an initiative of unique Publishers, the oldest..
    Locations looking for expansion New Delhi
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 30lac - 50lac
    Space required 150 - 2400 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Express Food Joints / Drive Through
    Best American Fries concept simple aim of providing consumers with..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 80
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater MUMBAI Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities