Kitchen Appliances Startup Beyond Appliances Raises $4 million Led by Fireside Ventures

Beyond Appliances, a Kitchen appliances startup has raised $4 million (around Rs 34 crore) in a funding round led by existing investor Fireside Ventures.

The funding round also saw participation from other existing investor Dharana Capital.

The company plans to increase its manufacturing capacity, boost R&D and invest in building its brand.

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“Currently, we have four factories, but with the volumes we are seeing, we need more. At present, we are producing around 8,000-10,000 units per month. We see that volume increasing, which our existing facilities cannot handle. Therefore, we will need new facilities for our increased production requirements,” said, cofounder and chief executive Eshwar K Vikas.

“The combined stove and chimney market in India is worth $2 billion. Chimneys are growing faster, at a 25% CAGR (compound annual growth rate), while stoves are expanding at a slower pace of about 10% since it is a well-penetrated category and largely a replacement market. However, premiumisation in stoves is happening, with consumers showing greater interest in safety features and timers that we offer,” said Vikas.

Suchi Pandya, principal, Fireside Ventures said, “Its manufacturing foundation, customer-centric approach and focus on innovation position it uniquely in the home and kitchen appliances category.

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About Beyond Appliances

Founded in 2024 by Eshwar K Vikas and Rakesh Patil, The Bengaluru-based Beyond Appliances currently has two India-made products. The first is a smart stove with hobs that include digital timers and whistle counters. 
The second is a chimney with a built-in Android system, letting users stream content, play music, set reminders, and manage grocery lists using apps like Zepto and Blinkit.

The company’s products are sold on its own website, ecommerce platforms like Amazon and flipkart and in select stores in Bengaluru and Hyderabad. Online marketplaces make up 80% of sales with metro and tier-I cities contributing around 60%.

Beyond Appliances plans to grow its retail presence in Bengaluru, Hyderabad, Mumbai and Delhi through partnerships with offline retailers and modern trade outlets.

The company currently has four facilities in Bengaluru and plans to open two more by the end of this financial year.

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