Udaipur-based fashion brand Beyoung said it has generated revenue of Rs 150 crore within just 5 years of inception.
The brand also claimed to have grown 3x in terms of monthly recurring revenue and is now aiming to touch Rs 500 crore in ARR by 2026.
Beyoung has raised Rs 40 crore in funding Klub, a fintech company that enables revenue-based financing for startups. The startup raised funding to expand its presence across the country by opening over 100+ offline stores in tier II and III cities in 2023. It also plans to use the funds for marketing efforts, technology upgrades, and logistics improvements.
Founded in June 2018 by Shivam Soni, Sakshi Soni, Shivani Soni, and Shankar Mali. The brand sells products through its website and Android mobile application and plans to launch its iOS application as well.