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Bebe Burp raises Rs 8 Cr led by Gruhas Collective Consumer Fund

EntrackrEntrackr ยท 1y ago
Bebe Burp raises Rs 8 Cr led by Gruhas Collective Consumer Fund
Medial

Baby food brand Bebe Burp has secured Rs 8 crore (nearly $1 million) in a pre Series A funding round led by venture capital firm Gruhas Collective Consumer Fund (GCCF). This fund was launched by Gruhas in collaboration with Collective Artists Network earlier this year. The Surat-based company had earlier raised $419K from LetsVenture and others back in 2022. The proceeds will be channeled towards market growth, advanced product development, marketing campaigns, hiring, talent acquisition, innovation & R&D, Bebe Burp said in a press release. Co-founded in 2018 by Shruti Tibrewal, Bharat Tibrewal, and Chirag Gupta, Bebe Burp weeds out the challenges of harmful chemicals and preservatives. It aims to introduce nutritious alternatives that provide easy, healthy solutions for kids, making healthy eating. The company prepares instant mixes, cookies, and snacks like multi-flavoured porridge mixes, 100% millet puffs, ragi cookies, organic jaggery powder, and more. According to market research, the Indian baby food market will reach around $109 billion by the end of 2027, growing at a CAGR of 6.1%. Bebe Burp plans to make foray into international markets such as the Middle East, Europe, and Southeast Asia and intends to establish a presence in over one lakh retail stores across India. The brand claims to have served more than 1,50,000 customers since inception. Bebe Burp may directly or indirectly compete with the other startups like The Moms Co, Babease Foods, Else Nutrition, Baby Destination, Little Charlie amongst others.

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Fur Jaden raises Rs 9.5 Cr in pre Series A from Gruhas Collective Consumer Fund

EntrackrEntrackr ยท 4m ago
Fur Jaden raises Rs 9.5 Cr in pre Series A from Gruhas Collective Consumer Fund
Medial

Snippets Fur Jaden raises Rs 9.5 Cr in pre Series A from Gruhas Collective Consumer Fund Lifestyle luggage brand Fur Jaden has picked up Rs 9.5 crore (about $1.1 million) in pre-Series A funding round led by Gruhas Collective Consumer Fund (GCCF). The proceeds will be used to accelerate growth by building high-calibre professional teams, amplifying brand presence, expanding product categories, and scaling omnichannel retail reach, Fur Jaden said in a press release. Co-founded in 2015 by Sahil Rajesh Bansal and Karishma Bansal, Fur Jaden is an innovative Indian fashion and lifestyle accessory brand committed to redefining the perception of backpacks and luggage. With a focus on sustainability, innovation, and design, the brand offers a diverse range of products that cater to the evolving needs of modern consumers, positioning itself as more than just a product manufacturer, but a lifestyle partner. Since its inception, Fur Jaden claims that it has built a devoted consumer base, delighting over 1 million customers with its curated product portfolio. This spans multiple categories, including luggage, travel duffles, backpacks, and crossbody bags. With a firm commitment to sustainability, 50% of the brandโ€™s product line features an eco-friendly range, incorporating cruelty-free vegan leather and recycled canvas. According to market research, the Indian luggage, bags, and backpack market was estimated at Rs 20,400 crore in 2024 and is projected to reach Rs 29,900 crore by 2030, growing at a CAGR of 8% from 2025 to 2030. Over the next 16โ€“18 months, the brand aims to achieve an annual recurring revenue (ARR) of Rs 100 crore in net revenue. Simultaneously, over the next five years, the brand is focused on cementing its position as a leading home-grown lifestyle luggage brand with a robust pan-India presence.

Startup news and updates: Daily roundup (August 2, 2024)

YourStoryYourStory ยท 1y ago
Startup news and updates: Daily roundup (August 2, 2024)
Medial

Baby food brand Bebe Burp has raised INR 8 crore ($1.07 million) in a pre-Series A funding round led by venture capital firm Gruhas Collective Consumer Fund. The funds will be used to expand into new domestic and international markets and enhance brand awareness through influencer partnerships and creative campaigns. Swades Foundation has announced a zero coupon zero principal issue on the National Stock Exchange's (NSE) Social Stock Exchange (SSE), with the aim of supporting its programmes in areas such as sustainable livelihood, health and hygiene, and youth education. In addition, NSRCEL and Nasscom AI have entered into a co-incubation partnership to support artificial intelligence (AI) and deeptech startups in India. CoRover.ai has partnered with EthosAI.one to ensure the reliability, fairness, and accuracy of its conversational AI platform, and TiE Delhi-NCR is working with AMTRON to establish a digital design and 3D printing centre under the PM-DevINE Project.

Exclusive: Nikhil Kamath-backed Gruhas invests in Shark Tank fame Bummer

EntrackrEntrackr ยท 1y ago
Exclusive: Nikhil Kamath-backed Gruhas invests in Shark Tank fame Bummer
Medial

Shark Tank fame direct-to-consumer (D2C) innerwear brand Bummer has raised Rs 9.25 crore led by Gruhas Consumer Fund along with the participation of Fluid Ventures Fund. The board at Bummer has passed a special resolution to issue 2,16,121 pre-series A1 CCPS at an issue price of Rs 428 each to raise Rs 9.25 crore, its regulatory filing sourced from the RoC shows. Gruhas Consumer Fund pumped in Rs 8 Cr while Fluid Ventures Fund participated with Rs 1.25 crore in the new round. Gurhas is a venture capital fund co-founded by Nikhil Kamath and Abhijeet Pai. The company will use the proceeds to expand and develop its categories, according to the filings. Founded in 2019, Bummer sells comfort wear and innerwear for both men and women. The company claims that its products use 47% less water for manufacturing and reduce carbon footprint by 18%. Following the fresh proceeds, Gruhas became the largest stakeholder with 17.3%, followed by Beenext Asia, Fluid Ventures, and Thapar Vision LLP. Its founder and CEO Sulay Lavsi along with his family command 45.97% of the company. As per TheKredibleโ€™s estimates, the company has been valued at around Rs 46.5 crore or $5.6 million post-allotment. Before this, Bummer had raised 180K from Singaporeโ€™s Beenext and Rs 75 lakh on TV show Shark Tank India led by Aman Gupta, co-founder and CMO of boAt and Namita Thapar, CEO of Emcure Pharmaceuticals. During the previous fiscal year that ended March 2023, Bummerโ€™s revenue from operations surged three-fold to Rs 7.83 crore while the losses of the firm spiked 2.8X to Rs 2.94 crore in the same period.

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