Kidbea Secures Strategic Investment from Ritesh Malik and Shriram Nene, Aiming for Global Expansion

Kidbea, a pioneering bamboo-based children’s fashion brand, has announced a significant, undisclosed investment from notable investors Ritesh Malik and Dr. Shriram Nene. This strategic infusion of funds is poised to accelerate Kidbea’s mission of becoming the world’s leading brand in sustainable children’s wear.

This latest funding announcement follows a successful pre-Series A round in January 2024, where Kidbea 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 enthusiasm 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 transform Kidbea into a Rs 500 crore brand within the next three years, as per media reports.

“We are thrilled to welcome Ritesh Malik and Shriram Nene as our valued investors. Their support is pivotal as we strive to revolutionize the kidswear industry with sustainable and skin-friendly apparel,” said Swapnil Srivastav, Co-Founder of Kidbea. “We are excited to welcome them as our valued investors and look forward to their support in transforming Kidbea into the number one bamboo plant-based global kidswear brand.”

Founded in 2021 by Swapnil Srivastav, Mohammad Hussain, and Aman Kumar Mahto, Kidbea has quickly 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.