Kerala-based banana chips brand Beyond Snack has been making waves in the snack industry with its delectable offerings. Recently, the company achieved a significant milestone by raising $3.5 million in a pre-Series A funding round, securing substantial support from the renowned NABVENTURES Fund.
In a press release, Beyond Snack disclosed that the raised funds will be strategically allocated towards several key areas. These include bolstering the company’s distribution network, enhancing supply chain capabilities, and investing in research and development initiatives. By channeling these resources into these crucial aspects of their business, Beyond Snack aims to further fortify their market presence and continue delighting customers with their exceptional banana chips products.
Founded by Manas Madhu, Jyoti Rajguru, and Gautam Raghuraman, Beyond Snack is a plant-based savory snacks brand that takes pride in producing banana chips with absolutely no artificial colors or flavors.
Having expanded its retail presence in Maharashtra and solidified an online footprint across major marketplaces like Amazon, Flipkart, BigBasket, Blinkit, Swiggy, and Zepto, Beyond Snack proudly boasts nationwide accessibility for its products.
Beyond Snack secured its initial investment from prominent sources, including 100X VC and notable angel investors and networks like Faad Network. With this strong financial backing, the brand has ambitious plans to extend its presence across 10 states and penetrate 25 cities in the upcoming year.
NABVENTURES, supported by the National Bank for Agriculture and Rural Development (NABARD), specializes in investments within the food, agritech, and rural fintech sectors. With a total investment of Rs 258 crore, the fund has already backed 12 startups, including Jai Kisan, Unnati, Satyukt, KBCols, Vilcart, Beyond Snack, TenderCuts, KrishiTantra, TraceX, and Eggoz.
