Investors like Fireside Ventures, Vertex Ventures and 3one4 Capital may also join the cap table in the fundraise
Founded in 2016, Kapiva’s ayurvedic nutrition products include ayurvedic juices and other consumables, gummies, capsules, hair oil and shampoos
The Bengaluru-based startup has raised around $41.1 Mn in total funding so far
Amid competition heating up in the direct to consumer (D2C) space, ayurvedic nutrition brand Kapiva is reportedly looking for an internal funding round of INR 300-330 Cr (around $40 Mn) to be led by existing investor OrbiMed to expand its operations and enhance market presence.
However, a source close to the matter told Inc42 that the round will comparatively be smaller than reported.