Bebe Burp raised Rs 8 Cr Pre-series A funding from Gruhas Collective Consumer Fund
In a pre-Series A funding round headed by venture capital firm Gruhas Collective Consumer Fund (GCCF), baby food brand Bebe Burp has raised Rs 8 crore (about $1 million). This fund was started earlier this year by Gruhas and Collective Artists Network.
In 2022, LetsVenture and other investors helped the Surat-based startup raise $419,000.
According to a press release from Bebe Burp, the money will go toward hiring, talent acquisition, marketing campaigns, advanced product development, market expansion, and innovation and R&D.
Bebe Burp, which was co-founded in 2018 by Shruti Tibrewal, Bharat Tibrewal, and Chirag Gupta, eliminates the problems associated with dangerous chemicals and preservatives. Its goal is to present kids with wholesome substitutes that make eating well simple and healthful. The company makes a variety of instant mixes, cookies, and snacks, including ragi cookies, 100% millet puffs, multi-flavoured porridge mixes, and organic jaggery powder.
A compound annual growth rate (CAGR) of 6.1% is predicted for the Indian baby food market, which is expected to reach approximately $109 billion by the end of 2027.
Bebe Burp wants to build a presence in more than a lakh retail location throughout India in addition to venturing into foreign markets like the Middle East, Europe, and Southeast Asia. Since its founding, the company claims to have assisted over 1,50,000 consumers.
Other startups such as The Moms Co, Babease Foods, Else Nutrition, Baby Destination, and Little Charlie are potential competitors of Bebe Burp, either directly or indirectly.
