Breaking News

Men’s grooming brand “Beardo” has raised $500K seed funding from Mumbai-based Venture Catalysts

img

Beardo is a private label manufacturer and retailer of men’s grooming products

Ahmedabad – Sept 28, 2016. RedNewswire/-

Ahmedabad-based Beardo, founded by Ashutosh Valani and Priyank Shah, also backed by Bollywood actor Suniel Shetty, has raised $500K in seed funding from Mumbai-based Venture Catalysts.

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.

Also Read:  US-BASED COPYRIGHT PLATFORM “BINDED” GETS FUNDING FROM TAIZO SON’S FUND MISTLETOE

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.”

Featured image source

1 Comments

Comments are closed.

Facebook Auto Publish Powered By : XYZScripts.com