Highlights
Funding Achievement for Beyond Snack
Beyond Snack, a renowned banana chips brand based in Kerala, has successfully secured $8.3 million in its Series A funding round. This significant investment was primarily led by 12 Flags Group, a fund focused on consumer businesses and founded by Rakesh Kapoor, the former global CEO of Reckitt Benckiser.
In addition to 12 Flags Group, existing investor NAB Ventures has also taken part in this funding round, augmenting its ownership in the company. The funding round saw participation from Enrission India Capital, a Japanese venture capital firm, as well as other returning investors like Faad Network.
Previous Funding
Earlier in July 2023, Beyond Snack secured $3.5 million in a pre-Series A funding round from the NAB Ventures Fund.
Utilisation of Funds
The latest funding will be instrumental in:
- Expanding Beyond Snack’s reach into new markets
- Driving product innovation
- Enhancing supply chain infrastructure
About Beyond Snack
Founded by Manas Madhu, Jyoti Rajguru, and Gautam Raghuraman, Beyond Snack is a brand that focuses on plant-based savoury snacks, producing banana chips free from artificial colours or flavours.
Beyond Snack has claimed to broaden its global presence significantly. The brand is currently accessible in 12 countries and is actively exploring new international markets, where it has noted robust demand for its products.