About BECO
BECO is a company based in Mumbai (India) founded in 2018 by Anuj Ruia, Aditya Ruia, and Akshay Varma.. BECO has raised $14 million across 4 funding rounds from investors including Angel List, Wellfound and LetsVenture. The company has 84 employees as of April 08, 2024. BECO offers products and services including Reusable Bamboo Kitchen Towel, Natural Floor Cleaner, Compostable Garbage Bags, Natural Dishwash Liquid, and Bamboo Facial Tissues. BECO operates in a competitive market with competitors including Happi Planet, BubbleNutWash, Cleevo, PUER and Honesthome, among others.
- Headquarter Mumbai, India
- Employees 84 as on 08 Apr, 2024
- Founders Anuj Ruia, Aditya Ruia, Akshay Varma
- Stage Minicorn
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Sectors
RetailConsumer
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Kwick Living (I) Private Limited
- Date of Incorporation 01 Mar, 2017
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$3 M (USD)138.91as on Mar 31, 2023
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Net Profit
$-468.77 K (USD)-250.42as on Mar 31, 2023
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EBITDA
$-520.65 K (USD)-275.44as on Mar 31, 2023
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Total Equity Funding
$14 M (USD)
in 4 rounds
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Latest Funding Round
$10 M (USD), Series A
Jul 18, 2024
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Investors
Angel List
& 68 more
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Employee Count
84
as on Apr 08, 2024
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Products & Services of BECO
BECO offers a comprehensive portfolio of products and services, including Reusable Bamboo Kitchen Towel, Natural Floor Cleaner, Compostable Garbage Bags, Natural Dishwash Liquid, and Bamboo Facial Tissues. 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.
Eco-friendly towel for reusable kitchen cleaning purposes.
Liquid cleaner made from natural ingredients for floor maintenance.
Biodegradable bags designed for eco-friendly waste disposal.
Non-toxic liquid for effective dishwashing and grease removal.
Sustainable tissues made from bamboo for daily hygiene use.
Moist wipes with aloe for gentle skin cleaning and refreshment.
Funding Insights of BECO
BECO has successfully raised a total of $14M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in July 2024. 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 Series A — $10.0M
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First Round
First Round
(28 Apr 2021)
- Investors Count 69
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series A - BECO | Valuation | Tanglin Venture Partners | |
| Nov, 2023 | Amount | Series A - BECO | Valuation | Rukam Capital |
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| Aug, 2022 | Amount | Series A - BECO | Valuation | Rukam Capital , Better Capital |
| 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 BECO
BECO has secured backing from 69 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Wellfound and LetsVenture. 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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Early-stage investment in consumer brands, focusing on bold ideas and founders.
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Founded Year | Domain | Location | |
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Early-stage companies are invested in by Better Capital.
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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 BECO
| 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 - BECO
| 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 |
Beco Comparisons
Competitors of BECO
BECO 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 Happi Planet, BubbleNutWash, Cleevo, PUER and Honesthome, 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 |
Eco-friendly home cleaners are supplied by Happi Planet.
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| domain | founded_year | HQ Location |
Laundry detergents and cleaning products are made from soapnuts.
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| domain | founded_year | HQ Location |
Eco-friendly natural home cleaning products are sold online.
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| domain | founded_year | HQ Location |
Offers natural detergents, cleaners, and conditioners for household cleaning needs.
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| domain | founded_year | HQ Location |
Natural home care products are offered online by Honesthome.
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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 Beco
Frequently Asked Questions about BECO
When was BECO founded?
BECO was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is BECO located?
BECO is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is BECO a funded company?
BECO is a funded company, having raised a total of $14M across 4 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Apr 28, 2021.
How many employees does BECO have?
As of Apr 08, 2024, the latest employee count at BECO is 84.
What is the annual revenue of BECO?
Annual revenue of BECO is $3M as on Mar 31, 2023.
What does BECO do?
BECO was founded in 2018 and is headquartered in Mumbai, India. Operations focus on the eco-friendly consumer goods sector as an internet-first brand. Bamboo-based items such as kitchen towels, home cleaners, charcoal toothbrushes, garbage bags, tissues, and organic baking papers are offered. Personal care and household essentials are distributed through the online domain letsbeco.com.
Who are the top competitors of BECO?
BECO's top competitors include Cleevo, Happi Planet and BubbleNutWash.
What products or services does BECO offer?
BECO offers Reusable Bamboo Kitchen Towel, Natural Floor Cleaner, Compostable Garbage Bags, Natural Dishwash Liquid, and 2 more products and services.
Who are BECO's investors?
BECO has 69 investors. Key investors include Angel List, Wellfound, LetsVenture, Koenig Solutions, and Kolte Patil Developers.
What is BECO's valuation?
The valuation of BECO is $18.81M as of Jul 2024.
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