About Beardo
Beardo is a company based in Ahmedabad (India) founded in 2015 by Sameer Shah and Apoorva Ranjan Sharma was acquired by Marico in June 2020.. Beardo has raised $1.7 million across 4 funding rounds from investors including Venture Catalysts, Italica and Marico. The company has 121 employees as of March 31, 2024. Beardo offers products and services including Beard Care Products, Fragrances, Face Care, Body Care, and Hair Products. Beardo operates in a competitive market with competitors including Bombay Shaving, Mars by GHC, Man Matters, Ustraa and Beardhood, among others.
- Headquarter Ahmedabad, India
- Employees 121 as on 31 Mar, 2024
- Founders Sameer Shah, Apoorva Ranjan Sharma
- Stage Minicorn
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Sectors
ConsumerHealthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Zed Lifestyle Private Limited
- Date of Incorporation 05 May, 2016
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$11.57 M (USD)48.93as on Mar 31, 2022
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Net Profit
$91.35 K (USD)114.27as on Mar 31, 2022
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EBITDA
$-55.05 K (USD)90.44as on Mar 31, 2022
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Total Equity Funding
$1.7 M (USD)
in 4 rounds
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Latest Funding Round
$281.12 K (USD), Seed
Dec 20, 2019
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Investors
Venture Catalysts
& 64 more
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Employee Count
121
as on Mar 31, 2024
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Acquired by
Marico
(Jun 30, 2020)
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Products & Services of Beardo
Beardo offers a comprehensive portfolio of products and services, including Beard Care Products, Fragrances, Face Care, Body Care, and Hair Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Products for beard growth and maintenance for men
EDP and body sprays for men's scent enhancement
Face washes and masks for men's skin cleansing
Body washes and nourishment items for men
Wax, serum, and shampoos for men's hair styling
Electric trimmers for precise men's grooming
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Funding Insights of Beardo
Beardo has successfully raised a total of $1.7M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $281.12 thousand completed in December 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $281,122
- First Round First Round
- Investors Count 65
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Seed - Beardo | Valuation |
investors |
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| Mar, 2017 | Amount | Seed - Beardo | Valuation | Marico |
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| Sep, 2016 | Amount | Seed - Beardo | Valuation | Samir Shah , Atul Jain |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Beardo
Beardo has secured backing from 65 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Venture Catalysts, Italica and Marico. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple sectors are invested in by the private equity firm.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage companies
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Founded Year | Domain | Location | |
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Investments are made in early-stage companies by Titan Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Beardo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Beardo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Beardo Comparisons
Competitors of Beardo
Beardo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bombay Shaving, Mars by GHC, Man Matters, Ustraa and Beardhood, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online brand offering mens grooming products
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| domain | founded_year | HQ Location |
Platform offering mens hair care, wellness, and medicinal products
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| domain | founded_year | HQ Location |
Internet first brand offering beauty and wellness products for men
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| domain | founded_year | HQ Location |
Men's grooming products are offered via an internet-first brand.
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| domain | founded_year | HQ Location |
Men's grooming products are sold online by Beardhood.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Beardo
Frequently Asked Questions about Beardo
When was Beardo founded?
Beardo was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Beardo located?
Beardo is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Is Beardo a funded company?
Beardo is a funded company, having raised a total of $1.7M across 4 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Jun 01, 2016.
How many employees does Beardo have?
As of Mar 31, 2024, the latest employee count at Beardo is 121.
What is the annual revenue of Beardo?
Annual revenue of Beardo is $11.57M as on Mar 31, 2022.
What does Beardo do?
Beardo was established in 2015 in Ahmedabad, India, as an e-commerce brand focused on mens personal care. Products such as beard oil, beard wax, face wash, combs, soaps, and lotions are provided through the domain beardo.in. The company operates in the grooming sector, serving customers via online sales in the Indian market. Co-founders include Sameer Shah and Apoorva Ranjan Sharma.
Who are the top competitors of Beardo?
Beardo's top competitors include Bombay Shaving, Man Matters and Ustraa.
What products or services does Beardo offer?
Beardo offers Beard Care Products, Fragrances, Face Care, Body Care, and 2 more products and services.
Who are Beardo's investors?
Beardo has 65 investors. Key investors include Venture Catalysts, Italica, Marico, Kawal Kapoor, and Harshvardhan Rajgarhia.
What is Beardo's valuation?
The valuation of Beardo is $5.65M as of Sep 2016.
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