The development comes months after TAE raised $27 Mn in its Series C funding round from Jungle Ventures, SIDBI Ventures, Anicut Capital and Sharrp Ventures Kalpavriksh Fund first invested in the D2C startup in 2019 in its Series A fundraise when it was a part of Centrum Group Kalpavriksh is also a backer of Dunzo and BluSmart Kalpavriksh Fund, a venture capital fund managed by Acorn Fund Consultants, has exited D2C beauty and health brand The Ayurveda Experience (TAE) with over 6X returns. The development comes months after TAE raised $27 Mn in its Series C funding round from Singapore-based VC firm Jungle Ventures, SIDBI Ventures, Anicut Capital and Sharrp Ventures in March this year. Kalpavriksh Fund first invested in the D2C startup in 2019 in its Series A fundraise , and subsequently participated in multiple follow-on rounds.
Kalpavriksh then invested a total of INR 15 Cr in two startups – TAE and Dunzo. Kalpavriksh was then Centrum Group’s fund. In 2023, Kalpavriksh Fund was acquired by Prowess Advisors, a global pioneer in food and agri-business advisory services, which forayed into the fund management space by acquiring Acorn Fund Consultants Pvt Ltd from the Centrum Group.
Kalpavriksh is also an investor in EV cab aggregator BluSmart. On the other hand, TAE was founded in 2010 by Rishabh Chopra. The D2C brand manufactures and sells beauty products such as hair oils, moisturisers, lotions, creams, and scrubs.
It also offers services such as consultations, content, .
