Beyond Snack, a Kerala-based banana chips startup, has raised $3.5 million funding led by agriculture and food focussed early stage fund Nabventures, according to ETtech report.
Nabventures is backed by the National Bank for Agriculture and Rural Development (NABARD).
The company will use the funds to expand and enhance its distribution network, supply chain and fund research and development projects, Manas Madhu, founder of the plant-based savoury snacks brand.
“This fresh infusion of funds will allow us to take our brand to new heights and reach a wider audience of snack enthusiasts,” said Madhu, highlighting the company’s intent to tap the growing demand for high-quality snacks.
Founded in 2020 by Manas Madhu, Jyoti Rajguru and Gautam Raghuraman, Beyond Snack has established an offline retail presence in Maharashtra, Bangalore and Hyderabad. Its products are available across the country through platforms such as Amazon and Flipkart, in addition to quick commerce platforms Swiggy Instamart, Zepto and Zomato-owned Blinkit.
Beyond Snack plans to expand its offline presence across 10 states and 25 cities in the coming year, a statement said.
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