Kidbea, a pioneering bamboo-based children’s fashion brand, has secured a significant undisclosed investment from notable investors Ritesh Malik and Dr. Shriram Nene. This strategic funding injection aims to propel Kidbea towards its goal of becoming the world’s foremost brand in sustainable children’s wear.
This latest funding announcement follows Kidbea’s successful pre-Series A round in January 2024, where the company raised USD 1 million. The round was led by Venture Catalysts, an early-stage investment firm, with contributions from Agility Ventures, BestVantage Investments, and prominent individuals such as Sandeep Agarwal and Upasana Agarwal, founders of Droom, Ashok Bahadur, and Hiro Mizushima, a celebrated actor in Japan.
Expressing their excitement about the recent investment, the founders of Kidbea highlighted the company’s impressive eightfold revenue growth in FY23. They have set an ambitious target to elevate Kidbea into a Rs 500 crore brand within the next three years.
“We are thrilled to welcome Ritesh Malik and Shriram Nene as our esteemed investors. Their support is crucial as we endeavor to revolutionize the kidswear industry with sustainable and skin-friendly apparel,” said Swapnil Srivastav, Co-Founder of Kidbea. “We eagerly anticipate their guidance and assistance as we work towards transforming Kidbea into the premier 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 is available on major online platforms and in over 30 partnered stores located in premium children’s hospitals. Additionally, Kidbea has established a global presence, reaching markets in the UAE, Bahrain, and Australia.