Beyond Snack raises $8.3 million in Series A funding round | Company Business News
Summary
The company will use the funds to expand into more markets, doubling its offline distribution to 40,000 outlets by the end of fiscal 2026 and expanding its presence to more cities, particularly in the southern regions where it currently has no market presence, said Manas Madhu, founder of Beyond Snack, in an interview with Mint.Beyond Snack had previously raised $4 million from NAB Ventures, 100X VC, Faad Network, along with angel investors. Of this organised and branded products account for around 423 billion.The organized market is dominated by players such as Haldiram, Pepsico (Lays), ITC (Bingo), Balaji Wafers, Bikaji Foods International that have a strong foothold across the country. "It makes sense for us to go deeper into these markets because they do contribute a large part of snacking consumption in India," he said.Overall, the brand will scale to over 40 cities by fiscal 2026. Its also about celebrating and promoting one of Indias homegrown brands," said Kapoor.Beyond Snack has also expanded its global footprint and is currently available in 12 countries. The global savoury snack industry is experiencing a surge, and we are planning to capitalize on this growing demand, added Madhu.
Funding
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