Total amount raised
₹400 Millions
Latest funding date
Location
Beyoung has successfully secured funding from notable investors, including Royal Group and Klub, through multiple funding rounds. The latest funding round took place on February 19, 2024, marking a significant milestone in the company's financial journey.
Keep reading to delve into the details of Beyoung's funding history and the strategic investors supporting this dynamic e-commerce fashion brand.
What Is Beyoung?
Beyoung, an e-commerce fashion brand, was founded on June 4, 2018, in Udaipur, Rajasthan, India. The company specializes in trendy apparel for both men and women, offering a wide range of products including T-shirts, mobile covers, and joggers.
Founded by Sakshi Soni, Shivam Soni, and Shivani Soni, Beyoung aims to elevate shopping standards with its diverse and stylish product offerings. The brand emphasizes premium materials and pocket-friendly prices.
With a team of 101-250 employees, Beyoung continues to make fashion accessible and affordable, catering to the dynamic tastes of modern consumers.
How Much Funding Has Beyoung Raised?
- Venture Round
- Amount Raised: ₹400M (approx. $5.4M USD)
- Date: April 2023
- Lead Investors: Klub
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and enhance market presence.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: February 2024
- Lead Investors: Royal Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and open 300 stores worldwide.
Total Amount Raised: $5.4M USD. Current Valuation: Not publicly disclosed.
Key Investors
- Royal Group
- Details: The Royal Group is a prominent investment firm based in Abu Dhabi, known for its diverse portfolio and strategic investments. The group is part of the Abu Dhabi royal family and has a significant influence in various sectors.
- Investment Focus Areas: Real estate, technology, healthcare, finance, energy.
- Notable Investments: Not publicly disclosed.
- Klub
- Details: Klub is a revenue-based financing platform that supports high-growth companies in India. They provide flexible funding solutions tailored to the needs of digital-first businesses.
- Investment Focus Areas: E-commerce, consumer brands, SaaS, fintech, healthtech.
- Notable Investments: Not publicly disclosed.
- The Royal Office of Sheikh Tahnoon Bin Saeed Bin Tahnoon Al Nahyan
- Details: This office is part of the Abu Dhabi royal family, led by Sheikh Tahnoon Bin Saeed Bin Tahnoon Al Nahyan. The office is known for its strategic investments in promising companies worldwide.
- Investment Focus Areas: Global expansion, tier II and III cities, strategic growth sectors.
- Notable Investments: Not publicly disclosed.
What's Next for Beyoung?
With a strategic investment from the Abu Dhabi royal family, Beyoung is poised to expand its footprint significantly. The brand plans to open over 300 stores worldwide, targeting tier II and III cities, and entering the GCC and MENA regions. This expansion presents a substantial opportunity for growth, positioning Beyoung as a global fashion leader.
Future fundraising opportunities are likely, given the confidence shown by the Abu Dhabi royal family. This backing could attract further investments, supporting Beyoung's ambitious plans. However, the company may face challenges such as navigating diverse market dynamics and managing logistics for a large-scale expansion.
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