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Startup Atlas · D2C

True Elements Acquired

HW Wellness Solutions Private Limited Pune, Maharashtra Founded 2013 true-elements.com ↗
Puru Gupta · CEO & Co-founder Sreejith Moolayil · COO & Co-founder
$2.31 MnTotal funding (tracked)
3Funding rounds
12 Jan 2021Last round

True Elements: Business Model Canvas

The nine-block Business Model Canvas, filled in only where a public source states it — empty blocks mean we haven't found a citable fact yet, not that the answer is zero.

Value Propositions

Clean-label, 100% wholegrain certified food

True Elements is India's only food brand recognized as both 'Clean Label' & '100% wholegrain' by leading US-based non-profit organizations, promising 0% preservatives, 0% chemicals & 0% added sugar.

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Wide product range across breakfast and snacking70+ products, 200+ SKUs

70+ products across 13 categories and 200+ SKUs spanning Western breakfast (oats, quinoa, muesli, granola, flakes), Indian breakfast (poha, upma, dosa), and snacks (roasted seeds, seed mixes, raw seeds).

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High consumer trust and repeat usage65%+ repeat rate

The brand drives high repeat rates as it scales domestic and international distribution.

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Customer Segments

No cited public information yet.

Customer Relationships

No cited public information yet.

Channels

Online marketplaces90+ online platforms, 75%+ of revenue online

Available on over 90 online platforms; the brand currently garners the majority of its business through online marketplaces, generating over 75% of revenue via online channels.

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Offline retail distribution12,000+ retail outlets

Present in over 12,000 retail outlets, with plans to significantly ramp up offline presence, both domestic and international.

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Key Activities

Product innovation

Maintaining a robust product innovation pipeline across breakfast and snacking categories.

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Expanding offline distribution

Rapidly growing offline retail presence in both domestic and international geographies, alongside the existing online marketplace business.

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Key Resources

No cited public information yet.

Key Partnerships

Marico Limited (majority owner/parent)

Marico acquired a 53.98% stake in 2022 and took the brand to a wholly owned subsidiary by October 2025, giving True Elements access to Marico's distribution, capital and portfolio synergies while the founding team continued to run the brand independently.

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Rohit Sharma (celebrity co-branding)

Cricketer Rohit Sharma launched a sub-brand with the company called 'RS by True Elements'.

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Revenue Streams

Direct-to-consumer product sales₹164.38 Cr turnover in FY25

Sale of packaged healthy breakfast and snack products (oats, muesli, granola, poha, upma, dosa mixes, roasted seeds) across 13 categories, generating over 75% of revenue online and the rest via 12,000+ offline retail outlets.

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Cost Structure

No cited public information yet.

FAQs on True Elements

What is True Elements's business model?

True Elements's core value proposition centers on Clean-label, 100% wholegrain certified food, Wide product range across breakfast and snacking, High consumer trust and repeat usage.

How does True Elements make money?

True Elements's cited revenue streams include Direct-to-consumer product sales.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: marico.com · Last verified 27 Aug 2026. · Report a correction