In this blog about Decode Age company profile, we will delve into the remarkable financial journey of Decode Age, a new Indian startup that has quickly made a name for itself. Our main focus will be to provide detailed information about the company’s financials and give you insights into the company, including information like:
- About the company Decode Age
- Details about the owner of Decode Age Company
- Total Net Worth of Decode Age Company
- Funding raised by Decode Age till date
- About Investors who has put there trust and money in Decode Age Company.
- Revenue of Decode Age company till data
- Turnover of the company
- Total Valuation of the company and many more
Before diving into the financial details, let’s first get to know Decode Age Company and the visionary founders behind this innovative company.
About Decode Age In Decode Age Company Profile:
Table of Contents
- 1 About Decode Age In Decode Age Company Profile:
- 2 Which Legal Entities Is Decode Age Associated With?
- 3 Decode Age Owner And Founder’s:
- 4 Decode Age Net Worth:
- 5 Decode age Investors India:
- 6 Decode Age Funding:
- 7 Decode Age Revenue:
- 8 Decode Age Competitors:
- 9 Decode Age Valuation:
- 10 Decode Age Turnover:
- 11 Decode Age Shark Tank India Season 3:
- 12 FAQ question:
Decode Age, a trailblazing Indian company, is dedicated to enhancing both healthspan and lifespan through cutting-edge science. By offering a unique combination of supplements, predictive tests, and groundbreaking research, Decode Age empowers individuals to take control of their aging journey.
Decode Age tackles premature aging in today’s youth by focusing on three key areas, offering targeted solutions to slow aging and enhance overall well-being. these keys areas are addressed by:
- Supplements: Science-backed formulas like NMN, NAD, Resveratrol, and Pterostilbene to slow aging, repair damage, and boost longevity.
- Predictive Tests: Biological age tests to optimize healthspan and lifespan.
- Research: Leading longevity research in India to advance aging science.
In the next segment of the “Decode Age Company Profile,” let’s delve into the legal entity associated with Decode Age Company. Understanding the legal framework and partnerships can provide insights into the company’s operations and growth strategies.
Which Legal Entities Is Decode Age Associated With?
Currently, Decode Age operates under the legal entity “CENTENARIANS LIFE SCIENCES PRIVATE LIMITED,” which was incorporated on Jul 25, 2021. As of, now this entity has been generating a revenue of $383K.
| Legal Entity Name | Date of Incorporation |
|---|---|
| CENTENARIANS LIFE SCIENCES PRIVATE LIMITED | Jul 25, 2021 |
Now that we’ve covered the Legal entity of Decode Age, it’s time to move on to the next topic: getting to know the visionary founder behind the creation of this innovative company by delving into the Decode Age Company Profile.
Decode Age Owner And Founder’s:
Darshit Patel, Parth Amin, and Rakesh Somani are the founders of Decode Age, established in 2021, with a mission to enhance healthspan and lifespan using cutting-edge science.
If we talk about the specific roles in the company then:-
- Darshit Patel: The Chief Science Officer as well as the co-founder of Decode Age.
- Parth Amin: The CEO and co-founder of Decode Age.
- Rakesh Somani: The Chief Financial Officer and a co-founder of Decode Age.
For more details about the founder experience,education and Back ground feel free to have a look at the LinkedIn profile of the founder there links are provided below:
- Darshit Patel LinkedIn profile link
- Parth Amin LinkedIn profile link
- Rakesh Somani LinkedIn Profile Link
Now lets move on to the next topic in Decode Age profile where we will be primarily focussing on the net worth of Decode Age company.
Decode Age Net Worth:
In a recent update from a news article published at the end of financial year 2023 in Mar 31, 2023, Decode Age net worth is estimated to be around $ 278 k,which is roughly equivalent to approximately Rs 2.33 crore.
In 2024, Decode Age almost doubled its net worth from Rs 2.33 crore in 2023 to approximately Rs 4.8-5 crore, and with increasing health consciousness, the company’s net worth is expected to rise further by the end of FY 2025.
Here is the breakdown of Decode Age’s shareholders, their post-round holdings, and net worth:
| Shareholder Name | Post Round Holding % | Net Worth |
|---|---|---|
| Founder | 93.93% | ₹61.9 Cr |
| Darshit Ashokkumar Patel | – | – |
| Fund | 0.97% | ₹64 L |
| SID | – | – |
| IVY Growth Associates | – | – |
| Nine Spar Partner Enterprise | 0.13% | ₹8 L |
| Angel | 0.85% | ₹56 L |
| ESOP Pool | 3.98% | ₹2.62 Cr |
| Other Investors | 0.15% | ₹10 L |
| Total | 100.00% | ₹65.9 Cr |
This table reflects the current distribution of equity and net worth among the shareholders after the recent funding round.
Let’s take a closer look at the Decode Age company profile and uncover the key financial aspects driving its growth and success. We’ll explore the critical factors shaping its financial journey, breaking them down one by one.
Decode age Investors India:
Anupam Mittal spearheaded Decode Age’s funding round on February 13, 2024. The company boasts a diverse group of 17 investors, comprising five institutional investors like Nine Spar Partner and 12 angel investors, including Vikas Gupta. This broad investor base underscores Decode Age’s strong market appeal and growth potential.
Decode Age’s institutional investors include:
- SID: Bengaluru-based, invested on June 7, 2023, in the Seed round.
- IVY Growth Associates: Surat-based, invested on July 30, 2022, in the Seed round.
- Nine Spar Partner: Surat-based, invested on July 30, 2022, in the Seed round.
Now that we’ve introduced the key investors driving the growth and funding of the company, let’s move on to the next part of the blog: the total funding that Decode age has raised to date by digging deep into the Decode age Company Overview.
Decode Age Funding:
Decode Age has raised a total funding of $274K (approximately Rs 2.30 crore) across three funding rounds. The initial round was on January 30, 2022, and the most recent Seed round occurred on February 13, 2024, securing $121K. Anupam Mittal was the sole investor in this latest round.
Here’s a summary of Decode Age’s funding details:
| Date of Funding | Funding Amount | Round Name | Investors |
|---|---|---|---|
| Feb 13, 2024 | $121K | Seed | Anupam Mittal |
| Jun 07, 2023 | $30.3K | Seed | SID |
| Jul 30, 2022 | $122K | Seed | IVY Growth Associates, Nine Spar Partner, and 13 others |
Moving on to the next segment of the “Decode Age Company Profile”, let’s dive into the revenue generated by the company. Let’s explore how Stage has been performing financially.
Decode Age Revenue:
According to the most recent update published on March 31, 2023, Decode Age achieved a revenue of $382K, which is approximately Rs 3.07 crore, for the financial year 2022-2023.
This figure highlights the company’s robust performance and growth trajectory during that period, reflecting its successful market positioning and the effectiveness of its innovative solutions in the health and longevity sector.
For the financial year 2024, Decode Age’s revenue has surged by 80-90% compared to the previous year, showcasing significant growth and strong market demand for its products and services.
Decode Age Competitors:
Competitors are pivotal in defining the market size for any new startup. Intense competition can restrict the market share a company can capture, which in turn limits its growth potential.
Understanding and navigating this competitive landscape is essential for strategic planning and maximizing a company’s success.
Top 3 Competitors Of Decode Age:
- Elysium
- Amazentis
- NOVOS
Now since we have covered the competitors of Decode Age in Decode Age company profile lets move on to the next part on company financial that is the valuation of the company that is important in determining the over all status of the company.
Decode Age Valuation:
As of February 13, 2024, Decode Age secured an investment of Rs 1 crore for a 2.25% equity stake in the company. This funding round has established the company’s valuation at Rs 65.9 crore, reflecting its strong market position and growth potential.
Based on the news article published by raise one angel round at the end of this year 2024 which will further increase the valuation of the company.
Now lets move on to the next topic of the blog where we will be primally talking about the total turnover the company has generated till now.
Decode Age Turnover:
Currently, the company consistently generates a turnover of Rs 60 Lakhs in just seven month of operation in year 2022.But this scenario is currently changing if we compare the year on year growth of the company.
Decode Age achieved impressive growth in the financial year 2024, nearly doubling its total turnover from Rs 3.07 crore in 2023 to Rs 6-7 crore. This substantial increase highlights the company’s upward trajectory and expanding market presence.
Moving on to the last part of the blog in Decode Age company profile where we will be primary focussing on the Business modal that company follows to find such a rapid growth.
Decode Age Shark Tank India Season 3:
Decode Age Company has made an exciting appearance on Shark Tank Season 3, which began this February 26, 2024. During their pitch, they showcased their product and explain the services that they provide to customers.The details of the pitch is provided below.
Decode Age Shark Tank Pitch:
The pitch begins with the story of Decode Age, founded in 2021 by Darshit Patel, Parth Amin, and Rakesh Somani. The directors shared their insights on health scams and myths prevalent in India and discussed innovative ways to extend lifespan using cutting-edge science and technology.
Decode Age Shark Tank Funding and Deal:
Decode Age secured a total funding of ₹1 crore on Shark Tank India Season 3 from Anupam Mittal in exchange for 2.25% equity and a 1% royalty.
Now in the last part of the blog we will be primarily talking on the most asked FAQ question related to Decode Age company Profile.
FAQ question:
When was Decode Age founded?
Decode Age was founded in the year 2021.
Where is Decode Age located?
Decode Age is a company whose head quarters is located in Bengaluru, India.
What is the annual revenue of Decode Age?
Annual revenue of Decode Age is $382K which was conducted on Mar 31, 2023.
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