Men’s Grooming Brand Beardo Raises $500k From Venture Catalysts

Beard grooming company Beardo has raised $500,000 seed funding from Mumbai-based Venture Catalysts. The funds raised will be utilised to expand the company’s offline reach and upgrade logistics and infrastructural needs.

The investment round was led by Raj Vazirani – RHV enterprise, Siddharth Somaiya of Godavari Biorefineries & Somaiya Group, Rohit Parakh – Diector, Touchstone Services, CA Anuj Golecha & Dr Apoorv Ranjan Sharma -Co-Founders, Venture Catalysts and many other experts from the FMCG space.

The Ahmedabad-based company was founded in October 2015 by Ashutosh Valani and Priyank Shah, and is also backed by Bollywood actor Suniel Shetty.

Written by Shaik Zakeer Hussain

Shaik Zakeer Hussain is a former Sr. Correspondent at NextBigWhat. You can get in touch with him here: linkedin.com/in/shaikzakeerhussain or follow him here: twitter.com/zaknetic.