Kidbea, a direct-to-consumer kids wear firm, received further money from Nandi Mehta, Tapas Sahu, Divij Bajaj, Abhishek Kochhar, and Vivekananda Nareddula for a total of Rs 1.5 crore after Agility Ventures led a seed round of fundraising for it.
According to a statement from Kidbea, the money will be used to grow the workforce, expand marketing, and improve R&D in the Indian children’s wear sector.
Swapnil Srivastav Mohammed Hussain and Aman Kumar Mahto co-founded Kidbea in 2021, a company that uses patented technology to provide clean and cosy clothing for kids that is also spill-proof and perfumed. Infants and young children are the site’s target market, and its goal is to provide them sustainable products. The company sells its products on its own website as well as those of third parties including Amazon, Myntra, FirstCry, Meesho, and Hopscotch..
Kidbea has raised a total of Rs 2 crore over four rounds, except an undisclosed sum in March of this year. The business must compete against a number of vertical and specialised companies, including SuperBottoms, which garnered Rs 22.5 crore in a Series A round, as well as Bumberry and Allter, all of which are supported by Chennai Angels.
Agility Ventures, a company that makes angel investments, supports over 35 companies. Over the next three to four years, money from an angel fund worth Rs 450 crore that SEBI approved in January would be utilised. Its most recent investments include Shiprocket, a firm that in August became a unicorn, and Glamyo Health, a healthcare company.
The co-founder of Kidbea, Aman Kumar Mahto, added that the company would introduce fashionable Indian ethnic children’s wear over the next two years.
He declared, “We will also bring in top Indian fashion designers to elevate Kidbea to one of the top three kid’s wear brands in India”.
Company Background: Kidbea is the first spill-proof and environmentally friendly children’s fashion technology brand in Asia. They produce children’s items that are “certified organic, spill-proof, anti-bacterial, breathable, and softest.” They want to give parents of toddlers stress-free parenting advice and non-toxic, environmentally friendly items for the kids.
Featured Image Credit – Kidbea
- Corrit Electric EV Startup Raises $9 Mn To Launch Last-Mile Delivery E-Bikes - November 17, 2022
- Long-Term Growth Outlook Intact: Delhivery CEO Sahil Barua - November 15, 2022
- Twitter India Experiences Losses In FY22 Despite Revenue Growth of 82% - November 15, 2022