Beyond Snack is a Banana chips brand that has secured 8.3 million USD from a consumer business-focused fund, 12 Flag Group in its ongoing series A round. The funding round saw the participation from other investors including Japanese VC firm Enrission India Capital, NAB Ventures, and Faad Network. The company plans to use these fresh proceeds to scale its operations, expand its network, improve production capability, and develop its market presence.
The startup intends to use some of this investment to strengthen its supply chain infrastructure. Beyond Snack is an internet-first brand that provides plant-based products to produce banana chips. The startup uses no artificial flavor or coloring while manufacturing chip flavors like cream, onion, salted, and pepper. The startup claims to offer snacks free of unsaturated fats, trans fats, and cholesterol. The new fund will enable the startup to expand into new areas.
The company has secured over 5.01 million USD across multiple funding rounds since its inception. This includes $3.5 million raised in its pre-series A funding round from the NAB VENTURES Fund. The startup has a post-money allotment valuation of 22.3 million USD. Before this round, the existing investor NAB VENTURES held the largest institutional stake in the firm. NAB VENTURES participated in this funding round to increase its stake in Beyond Snack.
Beyond Snacks provides its services in around 12 countries and plans to expand in the international markets. The firm claims to have already expanded its global footprint this year. The company aims to use some of this fund to improve its platform and expand its services while developing its presence in the market. The company also raised 810k USD in a funding round led by Enrission India Capital. The startup has around 11 institutional investors including Luckbox and Enrission India Capital.
The Kerala-based snack brand intends to use this amount to scale up its in-house infrastructure and improve its distribution network. The development came just after the snack sector saw increased investor interest. This investment shows investors’ trust in Beyond Snack’s market potential and business model. Beyond Snack faces competition from other banana-chip or snack-manufacturing brands such as SnacksDabba, Crizpo, and TrulyKerala.
Conclusion:
Beyond Snack is a Kerala-based internet-first brand offering snacks. The startup raised fresh capital of 8.3 million USD from the consumer business-focused fund, 12 Flags Group. The funding round saw the participation from the firm’s new and existing investors including NAB Ventures, Faad Network, and Japanese VC firm Enrission India Capital. Beyond Snack competes with other startups like Crizpo.
The company plans to use this amount to expand its services, scale its operations, and improve supply chain infrastructure. The startup also secured 3.5 million USD from the NAB Venture Fund in its pre-series A funding round in 2023. Earlier this year, the firm also raised 810k USD from Enrission India Capital in its ongoing seed round. The development came just after the snack industries saw increased public interest.
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