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[Funding News] Bebe Burp Secures Rs 8 Cr Funding Round Led by Gruhas Collective Consumer Fund

By Team VS
New Update
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The baby food brand Bebe Burp has successfully raised Rs 8 crore (about $1 million) in a pre-Series A funding round, with venture capital firm Gruhas Collective Consumer Fund (GCCF) leading the investment.

Gruhas developed this fund in partnership with Collective Artists Network earlier this year.

Bebe Burp stated that the funds will be allocated towards expanding the market, enhancing product development, conducting marketing campaigns, recruiting new employees, acquiring talent, and investing in innovation and research and development.

In 2022, the Surat-based company had already secured $419K in funding from LetsVenture and other investors.

Read also - Hippo Innovations Raises INR 3.3 Cr Funding Led by Finvolve and India Accelerator

Bebe Burp weeds out the challenges of harmful chemicals and preservatives. It aims to introduce nutritious alternatives that provide easy, healthy solutions for kids, making healthy eating. The company prepares instant mixes, cookies, and snacks like multi-flavored porridge mixes, 100% millet puffs, ragi cookies, organic jaggery powder, and more.

Bebe Burp hopes to expand its operations into overseas areas, including the Middle East, Europe, and Southeast Asia. The company also plans to create a presence in over one lakh retail locations in India. The brand asserts to have catered to over 150,000 people since its establishment.

About Bebe Burp

Founded in 2018 by Shruti Tibrewal, Bharat Tibrewal and Chirag Gupta, Bebe Burp aims to offer 100% all-natural products with organic ingredients making your babies' health and wellness at utmost priority.

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Godrej Properties Limited has Secured INR 6,000 cr through the QIP route

GPL intends to use the net proceeds received from this issue to build a project pipeline that allows it to scale the business rapidly in the years ahead.

By Ayushi Jain
New Update
Godrej Properties Limited  has Secured INR 6,000 cr through the QIP route

Godrej Properties Limited (GPL) , a leading national real estate developer, today announced that it has raised INR 6,000 crore through the QIP route.

The issue saw a strong demand of ~4X the size of the QIP and was fully covered with long only demand. The issue also had a healthy mix of leading international and domestic investors including GIC, Blackrock, Aberdeen, Norges Bank, SBI Pension, and ICICI Prudential life Insurance.  

As a result of the QIP, GPL’s Net Worth has increased by more than 50% while the equity dilution was 7.68%. GPL’s gearing ratio will come down to below 0.2:1 from 0.7:1 as of September 30, 2024. 

With bookings growth of 56% in FY23, 84% in FY24 and 90% in H1 FY25, GPL has achieved a tremendous growth trajectory in recent years and is well positioned to substantially surpass its FY25 booking value guidance of 27K crore.  

Read also - MATH and Google Join Forces for AI Startup Bootcamp in Hyderabad

GPL intends to use the net proceeds received from this issue to build a project pipeline that allows it to scale the business rapidly in the years ahead. GPL has already surpassed its business development guidance for FY25 of Rs 20,000 crores of estimated booking value in the first 7 months of the year and continues to have strong visibility for rest of the year. 

Godrej Properties was the largest real estate developer in India by bookings in FY25 and the fastest growing large business in India across sectors in FY24 with sales growth of 84%. Jeffries, Morgan Stanley, Bank of America, and Kotak were the bankers for the QIP. 

Mr. Pirojsha Godrej, Executive Chairperson, Godrej Properties Limited, said: “We are delighted with the response to our QIP process. We greatly appreciate the confidence and support of the investment community and will do our best to ensure we utilize this capital wisely.   Godrej Properties has reset its scale in the recent years with bookings growth of 56% in FY 23 and 84% in FY 24.  GPL is well positioned to deliver a 3rd consecutive year of rapid growth in booking value with 90% growth in H1 bookings, launches planned across 7 cities in Q3, and an even stronger launch pipeline for Q4. This capital raise will allow GPL to significantly enhance its business development portfolio while maintaining a tremendously strong balance sheet. We remain focused on building scale through continued market share gains and margin expansion.”

About Godrej Properties Limited:  

Godrej Properties brings the Godrej Industries Group philosophy of innovation, sustainability, and excellence to the real estate industry. Each Godrej Properties development combines a 127-year legacy of excellence and trust with a commitment to cutting edge design, technology, and sustainability. In FY 2024, Godrej Properties emerged as the largest developer in India by the value of residential sales achieved. 

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