Hotline: 1800 102 2007
Hotline: 1800 102 2007
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 Plans To Open Its store in Bangalore and Hyderabad

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”.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Quick Service Restaurants
    About Us: Kev’s Café is a renowned brand established in 2001..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Preschools
    About Us: GD Goenka Group, established in 1982, has had varied..
    Locations looking for expansion Delhi
    Establishment year 1982
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Bike Maintanance & Repair Services
    About Us: PIKPART is the brand name of ROSPL Group company...
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • About Us: Advait Tea & Agro Product Pvt. Ltd. (Awwal Tea), is..
    Locations looking for expansion West bengal
    Establishment year 2012
    Franchising Launch Date 2012
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Siliguri West bengal
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities