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Beyond Appliances secures $2 Mn seed funding led by Fireside Venture
Category: Funding News, Posted on: 26/11/2024 , Posted By: Ishika Agarwal
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Founded in 2024 by Eshwar K Vikas and Rakesh Patil, Beyond Appliances has introduced pioneering products like an Android-powered chimney with a 7-inch display. This multifunctional device doubles as a kitchen management system, enabling users to access OTT apps, listen to music, set reminders, and create grocery lists via platforms like Zepto and Blinkit.

Beyond Appliances, a Bengaluru-based smart kitchen appliance startup, has raised $2 million in a seed funding round to transform Indian kitchens into smart, connected spaces. The funding round was led by Fireside Venture Investment Fund III, with participation from Dharana Capital and prominent angel investors, including Shezan Bhojani, founder of Design Cafe; Livspace co-founders Saurabh Jain and Ramakant Sharma; and Chandru Kalro, former CEO of TTK Prestige. The startup's product line also features advanced smart hobs equipped with digital timers, whistle counters, and safety features like Flame Failure Detection (FFD). It claims to have sold approximately 2,500 units, with 60-70% of its sales coming from Tier II and Tier III cities. Beyond Appliances plans to use the raised capital to enhance research and development (R&D) and expand manufacturing capabilities. Additionally, the startup will focus on developing India-specific kitchen solutions, including AI-powered cooking assistance and IoT integration. Notably, it has filed multiple patents and is working on a robust product pipeline. "Our vision is to reimagine kitchen dynamics with technology-first solutions. This funding will allow us to bring groundbreaking products to Indian households while addressing unique challenges faced by Indian kitchens," said Vikas, CEO of Beyond Appliances. Co-founder and CTO Patil added, “Our focus on R&D has revealed gaps that existing products cannot fill. With these funds, we aim to develop tailored solutions that enhance cooking experiences across Indian homes. ”India’s kitchen appliance market is undergoing a shift toward smart, connected devices. Fireside Ventures Principal Shuchi Pandya noted, “Beyond Appliances' unique approach to combining practical functionality with advanced technology positions them perfectly to capture this evolving consumer demand. Their strong founding team and their experience in kitchen automation through Mukunda Foods positions them uniquely to capture this growing market opportunity.”

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