Beardo is a private label manufacturer and retailer of men's grooming products
Ahmedabad - Sept 28, 2016. RedNewswire/-
The funding round was led by Raj Vazirani of RHV Enterprise, Siddharth Somaiya of Godavari Biorefineries and Somaiya Group, and Touchstone Services director Rohit Parakh.
Beardo offers products such as beard oil & growth oil, beard wax, face wash, beard combs, soaps, lotions and other through its platform. Also retails its products through India’s top e-commerce portals such as Flipkart, Amazon, Snapdeal and Nykaa.
They market products under two categories - Beardo and Beardo Lite. It gets around 500 orders per day.
The funds will help Beardo expand its reach offline and upgrade logistics and infrastructure network, co-founder Ashutosh Valani said in a statement.
Apoorv Sharma, Co-founder, Venture Catalysts said,..
"We feel Beardo is tapping the highly emerging Indian men’s grooming space. This space has recently created a lot of buzz in the industry. Talented and experienced founders of Beardo are building awesome business while keeping in mind the product’s quality, margins, distribution and expansion reach."