Ritesh Malik, Shriram Nene Invest In Plant-based Kids' Clothing Startup Kidbea
Kidbea's latest funding follows a pre-series A round in January 2024, where the brand secured USD 1 million
Kidbea, a bamboo-based kids’ fashion brand, announces an undisclosed amount of investment from Ritesh Malik and Shriram Nene, MD. The strategic infusion of funds is set to bolster Kidbea’s vision of becoming the leading global brand in sustainable children's wear.
Kidbea's latest funding news follows a pre-series A round in January 2024, where the brand secured USD 1 million. This round was led by Venture Catalysts, an early-stage investment firm, with participation from Agility Ventures, BestVantage Investments, and notable individuals such as Sandeep Agarwal and Upasana Agarwal, founders of Droom, Ashok Bahadur, and Hiro Mizushima, a renowned celebrity actor in Japan.
The founders of Kidbea shared their excitement about the recent developments, highlighting the company's eight times revenue growth in FY23. They have set an ambitious goal to transform Kidbea into a Rs 500 crore brand within the next three years, as per media reports.
"We are thrilled to welcome Ritesh Malik and Shriram Nene as our valued investors. Their support is pivotal as we strive to revolutionise the kidswear industry with sustainable and skin-friendly apparel," said Swapnil Srivastav, Co-Founder of Kidbea.
Furthermore, he said, “We are excited to welcome them as our valued investors and look forward to their support in transforming Kidbea into the number one bamboo plant-based global kidswear brand.”
Founded in 2021 by Swapnil Srivastav, Mohammad Hussain, and Aman Kumar Mahto, Kidbea has rapidly gained traction for its skin-friendly, comfortable bamboo plant-based clothing for children. The brand boasts a presence on major online platforms and is available in over 30 partnered stores located in premium children’s hospitals. Additionally, Kidbea has established a global footprint, reaching markets in the UAE, Bahrain, and Australia.
