Ayurvedic Healthcare KivaShots Bags Fund

KivaShots, a Gurugram-based ayurvedic healthcare beverages startup, has raised an undisclosed amount of funding from several marquee investors.

The investors that participated in this first angel round are Max Life Insurance CEO Rajesh Sud, Max Healthcare MD Rajit Mehta, Ward Ferry Management chief information officer Vineet Mitera, MindTickle cofounder Mohit Garg, Zomato cofounder Pankaj Chaddha and Startup Buddy cofounder Amit Singal.

KivaShots founder Shalabh Gupta said “KivaShots operates in the Rs 15,000-crore Ayurveda food and beverages segment, which is growing 25-30% year-on-year. As per the company’s calculation, the market size for these drinks in India is more than Rs 1,500 crore and an equally big market overseas. We intend to start exploring the markets in the US, UK and Middle East in 2018. We intend to start exploring the markets in the US, UK and Middle East in 2018.”