Kidbea, a bamboo-based kids’ fashion brand, has raised $1 million in funding in a pre-series A round led by early-stage investment firm Venture Catalysts.
The funding round also saw involvement from Agility Ventures and BestVantage Investments and individuals including Sandeep Agarwal and Upasana Agarwal, founders of Droom, Ashok Bahadur, alongside a group of experienced angel investors, and HiroMizushima, a well-known celebrity actor in Japan.
Kidbea will use the funding to boost its marketing and branding initiatives, expand its team, and improve operations, the company said in a press release. Additionally, a strategic portion of the funds will be allocated to research and development and technology.
Founded in 2021 by Swapnil Srivastav, Mohammad Hussain, and Aman Kumar Mahto, Kidbea specializes in creating bamboo plant-based, skin-friendly, and comfortable children’s apparel.
At present, Kidbea has a presence on all major online platforms and is available in over 30 partnered stores located in premium children’s hospitals. Additionally, Kidbea has expanded its global reach to include the UAE, Bahrain, and Australia.
Founders added that Kidbea posted an 8X revenue growth in FY23 and targeting to become a Rs 500 crore brand in the next three years.
Source: Entrackr
