Total amount raised
$13.4 Million
Latest funding date
8/1/2024
Location
Beco has successfully raised funding over three rounds, with the latest being a Series B round led by Tanglin Venture Partners. The company is backed by 23 investors, including notable names like Manish Choksi and Rukam Capital.
Keep reading to explore the intricacies of Beco's fundraising journey and the investors backing this sustainable and eco-friendly platform.
What Is Beco?
Beco is a company dedicated to driving positive change by offering sustainable and eco-friendly alternatives to single-use plastics and packaging. Located in Andheri, Maharashtra, India, Beco operates in the Consumer Goods and Organic industries.
With an employee count ranging from 101 to 250, Beco focuses on providing environmentally friendly products, primarily made from bamboo, to consumers who are conscious about their environmental impact.
How Much Funding Has Beco Raised?
- Seed Round
- Amount Raised: $540,000
- Date: July 2021
- Lead Investors: Climate Angels
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial product development and market entry.
- Series A Round
- Amount Raised: $3,000,000
- Date: September 2022
- Lead Investors: Rukam Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and market penetration.
- Series B Round
- Amount Raised: $10,000,000
- Date: August 2024
- Lead Investors: Tanglin Venture Partners
- Valuation at Round: $11,100,000
- Motivation Behind the Round: To expand production capacity, develop offline sales infrastructure, and enhance brand awareness.
Total Amount Raised: $13,540,000. Current Valuation: $11,100,000.
Key Investors
- Tanglin Venture Partners
- Details: Tanglin Venture Partners is a venture capital firm that led Beco's Series B funding round. They focus on early to growth-stage investments in innovative companies.
- Investment Focus Areas: High-growth potential startups, innovative companies, scalable startups.
- Notable Investments: Beco.
- Rukam Capital
- Details: Rukam Capital is an existing investor in Beco, having led the Series A round. They focus on early-stage investments in sustainable and growth-oriented companies.
- Investment Focus Areas: Early-stage investments, consumer brands, sustainable companies.
- Notable Investments: Beco.
- Climate Angels
- Details: Climate Angels is a major investor in Beco, participating in the seed round. They focus on investments that drive positive environmental impact.
- Investment Focus Areas: Environmental impact, sustainable technologies, eco-friendly products.
- Notable Investments: Beco.
- Manish Choksi
- Details: Manish Choksi is the promoter of Asian Paints and a significant participant in Beco's funding rounds. He is known for strategic investments in promising companies.
- Investment Focus Areas: Consumer goods, eco-friendly products, strategic investments.
- Notable Investments: Beco.
- Titan Capital Winners Fund
- Details: Titan Capital Winners Fund participated in Beco's Series B funding round. They typically invest in high-potential startups across various sectors.
- Investment Focus Areas: High-growth potential startups, early-stage companies, diverse sectors.
- Notable Investments: Beco.
What's Next for Beco?
As Beco looks to the future, the company is poised to capitalize on several significant opportunities. With a recent $10 million pre-Series B funding round, Beco plans to expand its production capacity and build a robust offline sales infrastructure. This expansion is crucial as consumer demand for eco-friendly and plastic-free products continues to rise, driven by increasing environmental awareness and a shift towards sustainable living.
Future fundraising opportunities appear promising, given Beco's rapid growth and strong market presence. The company has already demonstrated its ability to attract substantial investment, and further rounds could help scale operations and enhance brand recognition. However, Beco will need to navigate challenges such as competition from established brands and maintaining product quality while scaling up production.
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