Kerala-based plant-based snack brand Beyond Snack has raised $8.3 million in its Series A funding round, led by 12 Flags Group, a consumer business-focused fund founded by Rakesh Kapoor, the former global CEO of Reckitt Benckiser.
Existing investor NAB Ventures increased its stake in the company during this round. Other participants included Japanese venture capital firm Enrission India Capital and Faad Network, along with other existing backers.
This latest funding follows a $3.5 million pre-Series A round raised in July 2023, also led by NAB Ventures.
Expansion Plans
The newly secured funds will be channelled toward expanding Beyond Snack’s presence into new territories, driving product innovation, and strengthening its supply chain infrastructure.
About Beyond Snack
Founded by Manas Madhu, Jyoti Rajguru, and Gautam Raghuraman, Beyond Snack offers banana chips made with a commitment to quality and sustainability. The products are free from artificial colours and flavours, aligning with the growing demand for clean-label, plant-based snacks.
A Global Footprint
Beyond Snack has established a strong global presence, with its products currently available in 12 countries. The brand is exploring new international markets to meet increasing demand, demonstrating significant growth potential in the plant-based snack segment.
The company’s focus on innovation, quality, and sustainability has positioned it as a frontrunner in the rapidly growing global snack industry.
