Evolvence India

Evolvence India, established in 2005 and based in Mumbai, is a fund of funds manager that specializes in private equity investments. The firm focuses on providing opportunities in alternative markets for international investors, concentrating on sectors such as consumer products, healthcare, financial services, and technology. By leveraging its expertise, Evolvence India aims to create value through strategic investments and actively participates in the growth of these industries.

Sagar Agarwal

Director

Rohit Batra

Managing Partner

Abhishek Chandra

Managing Director, Investments

Abhishek Chandra

Managing Director - Investments

Deependra Dhamu

Principal

Ajit Kumar

Managing Partner and Member of the Investment Committee

Nawaz Naviwala

Senior Associate - Investments

Srinidhi Srinath

Senior Associate - Investments

Past deals in Beauty

Mamaearth

Venture Round in 2021
Mamaearth is a digital-first beauty and personal care brand founded in 2016 by Varun and Ghazal Alagh, focusing on providing safe and natural solutions for parents and their children. The brand offers a range of products across various categories, including baby care, skin care, and hair care, all of which undergo rigorous testing processes, including clinical dermatology testing in Europe, to ensure high quality and safety. Mamaearth emphasizes the use of natural ingredients, such as Calendula Extract, Shea Butter, and Jojoba Oil, and is certified by the external agency MadeSafe for its commitment to safety. The products are manufactured by third-party contract manufacturers, and the majority of the company’s revenue is generated within India. Mamaearth aims to address various parental concerns, with plans to expand its offerings to tackle issues such as morning sickness and baby colic in the future.
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