Beyond Appliances Raises ₹110 Cr Series B Led By Fireside
Smart kitchen appliance company Beyond Appliances has raised ₹110 crore in Series B funding led by Fireside Ventures, with participation from Abu Dhabi Investment Authority, Dharana Capital and other investors. The Bengaluru-based company was founded in 2024 by Eshwar K Vikas and Rakesh Patil.
Beyond Appliances develops technology-led kitchen products including Android chimneys, Plug-N-Play chimneys, smart hobs and cooktops. Its products are sold through its direct-to-consumer platform, online marketplaces and offline retail channels.
The company will use the new capital to strengthen research and development, establish a new manufacturing plant and expand into two additional kitchen appliance categories. It also plans to increase its offline presence from four cities to 14 cities over the next three years.
Beyond Appliances has reported growing traction across digital channels, with its marketplace market share doubling over the past year. Customer referrals currently account for around 15% of its revenue, according to the company.
The company is targeting ₹500 crore in annual recurring revenue over the next three years as it expands its product portfolio, manufacturing capacity and distribution network across India.
