Kidbea, a bamboo-based kids fashion brand has raised USD 1 million in funding in the Pre-series A round led by early-stage investment firm Venture Catalysts.
The funding round also saw involvement from Agility Ventures and BestVantage Investments, as well as notable figures in the industry such as Sandeep Agarwal and Upasana Agarwal, founders of Droom, Ashok Bahadur, alongside a group of experienced angel investors and Hiro Mizushima, a well-known celebrity actor in Japan.
Founded in 2021 by Swapnil Srivastav, Mohammad Hussain and Aman Kumar Mahto, Kidbea specialises in creating bamboo plant-based, skin-friendly, and comfortable children’s apparel.
Kidbea will use the funding to boost its marketing and branding initiatives, expand its team and improve operations.
Additionally, a portion of the funds will be allocated to research and development and technology to maintain a leading position in the rapidly evolving children’s fashion industry.
On the expansion plan and the new funding, Swapnil Srivastav, Cofounder of Kidbea said, “The funding signifies a major milestone in our journey to turn Kidbea into a Rs 500 crore brand within the next 3 years. This funding provides us with the means to improve our sustainable offerings, extend our global presence, and persist in redefining children’s fashion.“
According to the founders, Kidbea posted 8 times revenue growth in the financial year 2023.
