India, Sept. 29 -- D2C ayurveda brand Kapiva has raised $60 Mn (INR 532 Cr) in a Series D round co-led by 360 ONE Asset and Vertex Growth.

Besides, existing investors Vertex Ventures and 3one4 Capital also participated in the round.

The round was a mix of primary and secondary transactions, with $28 Mn capital infusion netted via primary transaction. The remaining $32 Mn came in via a secondary deal, giving an exit to Kapvia's early investors.

The startup said that the newly raised capital will be deployed in boosting its research and development (R&D), manufacturing capabilities, along with marketing activities.

Kapiva cofounder Ameve Sharma told Inc42 that the brand will be allocating some capital for international expansion. He cla...