Beyond Appliances, a smart kitchen appliance brand, has raised $2 million in seed funding from a group of investors, including venture capital firms and angel investors. The funding round was led by early-stage venture capital firm, Kalaari Capital, with participation from other investors, including 3one4 Capital and AngelList India.
Founded in 2022 by IIT Bombay alumni, Abhishek Gupta and Akshay Dinesh, Beyond Appliances aims to revolutionize the kitchen appliance industry with its smart and connected products. The company’s flagship product, a smart induction cooktop, has gained significant traction in the market, with over 10,000 units sold within the first year of launch.
Beyond Appliances plans to use the seed funding to expand its product portfolio, enhance its technology and software capabilities, and strengthen its marketing and distribution efforts. According to Abhishek Gupta, Co-Founder and CEO of Beyond Appliances, “We are excited to partner with Kalaari Capital and other investors who share our vision of transforming the kitchen appliance industry. The funding will help us accelerate our growth plans and bring more innovative products to the market.”
Kalaari Capital’s Managing Director, Vani Kola, said, “We are impressed by the founders’ passion and vision to create a smart kitchen appliance brand. Beyond Appliances has shown significant traction in the market, and we believe it has the potential to become a leading player in the industry.”
Beyond Appliances’ smart kitchen appliances are designed to make cooking easier, faster, and more enjoyable. The company’s products are equipped with advanced features, such as Wi-Fi connectivity, voice control, and mobile app integration.
The smart kitchen appliance market in India is growing rapidly, driven by increasing consumer demand for convenient, connected, and energy-efficient products. Beyond Appliances is well-positioned to capitalize on this trend and become a leading player in the industry.
