About Beet
Beet is a company based in Kochi (India) founded in 2020 by Anand Balakrishnan. Beet has raised $25 thousand across 1 funding round from investors including gradCapital, Alagu Periyannan and Rajagopalan Chandrashekar. The company has 1 employees as of March 31, 2024. Beet operates in a competitive market with competitors including DealShare, Rozana, BuyEazzy, Gobillion and Mela App, among others.
- Headquarter Kochi, India
- Employees 1 as on 31 Mar, 2024
- Founders Anand Balakrishnan
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Sectors
Retail
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Email
Locked
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Phone
Locked
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Website
Locked
- Legal Name Nexbillion Labs Private Limited
- Date of Incorporation 04 Sep, 2021
- Jurisdiction Ernakulam, Kerala, India
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Annual Revenue
Not available
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Net Profit
-$1.21 K (USD)0as on Mar 31, 2022
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EBITDA
-$946.24 (USD)0as on Mar 31, 2022
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Total Equity Funding
$25 K (USD)
in 1 rounds
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Latest Funding Round
$25 K (USD), Seed
Dec 05, 2021
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Investors
gradCapital
& 4 more
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Employee Count
1
as on Mar 31, 2024
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Funding Insights of Beet
Beet has successfully raised a total of $25K through 1 strategic funding round. The most recent funding activity was a Seed round of $25 thousand completed in December 2021. 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.
Investors in Beet
Beet has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include gradCapital, Alagu Periyannan and Rajagopalan Chandrashekar.
| Investor | Description | Founded Year | Domain | Location |
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Investing in student-led projects and innovations in technology and education.
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Locked | Locked | Locked | |
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Early-stage tech startups are supported via venture capital and acceleration.
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Locked | Locked | Locked | |
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AP
Alagu Periyannan |
Co-founder of BlueJeans Network, active angel investor in tech startups
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Locked | Locked | Locked |
Investor details for Beet
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Investments & Acquisitions by Beet
Investment portfolio details for Beet
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Financial Statements - Beet
Detailed financials for Beet
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Beet Comparisons
Peer comparison for Beet
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Competitors of Beet
Beet 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 DealShare, Rozana, BuyEazzy, Gobillion and Mela App, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Online social deal-sharing platform for multi-category products
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| Locked | Locked | Locked |
Rozana is focused on rural e-commerce in India.
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| Locked | Locked | Locked |
App-based group buying platform offering multi-category products
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| Locked | Locked | Locked |
Groceries and essentials are provided via an app-based social platform.
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| Locked | Locked | Locked |
Multi-category products are retailed online through group-buying mechanisms.
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Manages an e-commerce store offering multi-category products.
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Detailed competitors of Beet
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Latest news on Beet
Complete news archive for Beet
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Frequently Asked Questions about Beet
Beet was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Beet is headquartered in Kochi, India. It is registered at Kochi, Kerala, India.
Anand Balakrishnan is the current CEO of Beet. They have also founded this company.
Beet is a funded company, having raised a total of $25K across 1 funding round to date.
As of Mar 31, 2024, the latest employee count at Beet is 1.
Beet was founded in 2020 in Kochi, India, and operates within the social e-commerce sector. Local communities are built around specific localities, with users engaged through localized video content. Services include platforms where influencers and social media users facilitate bulk buying to achieve better pricing. Operations focus on video integration to support community interactions and e-commerce activities in the Indian market.
Beet has 5 investors. Key investors include gradCapital, Alagu Periyannan, Rajagopalan Chandrashekar, Sai Sidhartha Namburi, and IIMA Ventures.
The valuation of Beet is $609.96K as of Dec 2021.