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.
