Shark Tank India-featured Beyond Snack raises $3.5M led by NABVENTURES Fund

Alappuzha, Kerala-based banana chips brand Beyond Snack has raised $3.5 million in funding from NABVENTURES Fund as it aims to accelerate expansion and fuel further innovation in the snacks market. 

The startup plans to use the raised capital to enhance its distribution network, supply chain capabilities, and invest in research and development (R&D).

Founded in 2020 by Manas Madhu, Jyoti Rajguru and Gautam Raghuraman, Beyond Snack is a plant-based savoury snacks which gained recognition after appearing in Shark Tank India in 2022 and raising funds from the judges.

The brand, which rapidly expanded its retail presence in Maharashtra, claims to have a strong presence in online marketplaces such as Amazon, Flipkart, Big Basket, Blinkit, Swiggy, and Zepto and aims to expand retail presence across 10 states and 25 cities in the coming year.

Additionally, the brand has achieved significant progress in global markets, establishing its presence in countries like the United States, the United Arab Emirates, Australia, Sweden, Qatar, Nepal, Singapore, and Mauritius, the startup said.

Manas Madhu, Founder of Beyond Snack said, "We are thrilled to announce this investment in Beyond Snack and onboard NABVENTURES Fund as our investor. This fresh infusion of funds will allow us to take our brand to new heights and reach a wider audience of snack enthusiasts. With the increasing demand for high-quality snacks, we are well-positioned to transform the snacking industry by offering delicious and guilt-free options. Our vision is to place a pack of banana chips next to a pack of potato chips on all the retail shelves of this world. Our mission is to rewrite the narrative about banana chips, offering consumers an authentic, high-quality, and reliable snacking option."

Prior to this round, Beyong Snaks had raised funds from 100X.VC and notable angel investors and networks like Faad Network.

In Shark Tank India Season 1, The brand raised funds from BharatPe's Ashneer Grover and boAt's Aman Gupta. 

Also Read:

• Cross-border platform LeRemitt raises $1.25M in a Seed round led by Axilor Ventures, others