New Delhi, Aug. 19 -- Kitchen brand Beyond Appliances, food platform House of Biryan, and kid's lifestyle firm Famyo have secured funding in early-stage rounds, the companies said on Tuesday.

Meanwhile, Credgenics has acquired rival debt services platform Arrise to bolster its offerings and field operations.

Beyond Appliances

Smart kitchen company Beyond Appliances has collected $4 million (Rs 35 crore) in a Series A funding round led by Fireside Ventures, with participation from Dharana Capital.

The startup said the fresh capital will be deployed to scale its manufacturing capabilities by opening up two additional units in the next 12 months, from the currently four facilities. This is to help Beyond Appliances meet growing consumer demand, broaden its product portfolio, and deepen its R&D-led innovation pipeline.

Founded in 2024 by Eshwar K Vikas and Rakesh Patil, Beyond Appliances provides home appliances which combining cutting-edge design, superior functionality, and long-lasting durability. Its product portfolio includes Android chimneys, plug-and-play chimneys, and smart hobs and cooktops. Since its seed round last November, the company has doubled its revenues.

House of Biryan

Food-tech platform House of Biryan (HoB) has secured Rs 32 crore (around $3.7 million) in a growth funding round from cricketer MS Dhoni and strategic investor Bestvantage Investments.

The round also saw participation from former CVC Capital executive Mohit Goyal, Al Siraj Holdings CIO Abhineet Singh, and other industry executives from SoftBank, Kedaara Capital, and Apax Partners.

"With the support of our marquee investors we are building the Chipotle of Biryani, delivering personalised bowls of biryani across the world. This round fuels our ambition to scale [up] from 22 kitchens today to 120-150 outlets over the next three years, targeting revenues of Rs 450-550 crore," Mohammed Bhol and Mikhail Shahani, co-founders of HoB, said in a statement.

Founded by chefs Bhol and Shahani, HoB sells biryani on cloud kitchen model. To date, it claims to have served over 2.8 million customers and has fulfilled 4.9 million orders. It has operations in Mumbai, Delhi, and Dubai.

Famyo

Famyo, a lifestlye brand for children, has raised Rs 4 crore (around $460,000) in a seed funding round led by IAN Angel Fund, with participation from Shivali Vij, Deepank Kumar, Pratik Mathurkar and Uday Sodhi as lead investors.

Chennai Angels and Stoffer Norden also co-invested in the round, according to a statement. The startup said the funds raised will help develop new proprietary IP and character design, build performance and influencer-led marketing engines, and hire key management talent across creative, growth, product design, and supply chains.

Bengaluru-based Famyo offers lifestyle products for kids such as glow-in-the-dark blankets, poncho towels, character themed accessories and and school gear. The company was founded by Karishma Seetharaman and Ritvik Raj.

Credgenics Debt-collection platform Credgenics announced on Tuesday it has acquired peer collection service provider Arrise as it unveils new initiative in debt collection called CG Setu.

Financial terms of the transaction weren't disclosed.

Credgenics said the acquisition will help it become a full-stack collections solutions provider to offer end-to-end capabilities, such as on-field operations across 18,000-plus pin codes, digital collections, multiple dialers, voice bots, litigation and repayment management systems and others.

The acquisition has helped it launch CG Setu, which is an initiative that helps its fleet of personnel follow standard operating procedures when interacting with the borrowers. The personnel will use digital solutions for on the field collections for banks, NBFCs, digital lenders, and ARCs, providing insights driven optimization, and enhanced borrower engagement. The tech integration allows Credgenics to manage field fleet and monitoring for better reach, easy scalability, and operational transparency, it said in statement.

Founded in 2019 Arrise has a presence across more than 25 Indian states through a network of over 5,000 professionals and provides calling services in various vernacular languages. It will continue to operate under its existing leadership team for a minimum period of five years, Credgenics said.

Published by HT Digital Content Services with permission from VC Circle.