Beyond Appliances, an India-based smart kitchen appliances startup, has raised ₹110 crore (approximately US$10.4 million) in a Series B funding round led by Fireside Ventures, with participation from Dharana Capital and other investors.

The Bengaluru-headquartered company plans to use the new capital to expand its manufacturing capacity, strengthen its engineering and product development capabilities, and introduce additional kitchen appliance categories. The investment comes approximately one year after Beyond Appliances secured $4 million in a Series A round, also led by Fireside Ventures.

Founded in August 2024 by Eshwar K Vikas and Rakesh Patil, Beyond Appliances develops connected kitchen products that combine conventional cooking equipment with digital features and smart technology.

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Beyond Appliances Secures $10.4M Series B Led by Fireside Ventures

The ₹110 crore Series B investment will support Beyond Appliances as it expands its operations and product portfolio in India’s kitchen appliances market. Fireside Ventures led the financing, continuing its support for the company after participating in its previous funding rounds, while Dharana Capital and other investors also joined the latest round.

The startup intends to allocate a significant portion of the investment toward increasing manufacturing capacity and strengthening its domestic production infrastructure. Additional capital will support research and development, engineering capabilities and the introduction of new product categories as the company expands its offerings.

Beyond Appliances is also planning to expand its distribution network as it seeks to reach more customers across India. The latest financing follows its $4 million Series A round in 2025, which was led by Fireside Ventures with participation from Dharana Capital.

Expanding Manufacturing Capacity Across India

Beyond Appliances plans to establish a new manufacturing facility in either South or West India as part of its expansion strategy. The company currently operates manufacturing facilities in Delhi NCR and Bengaluru, where it produces most of its kitchen appliances.

According to Beyond Appliances, approximately 90% of its products are manufactured in-house, allowing it to maintain direct control over production processes and product development. The proposed facility will increase manufacturing capacity and support the company’s plans to introduce additional kitchen appliance categories.

Expanding domestic production is also expected to strengthen its ability to manage product quality and respond to changing customer requirements. The company will invest in engineering and product development alongside the manufacturing expansion, with these investments intended to support the development of connected appliances that integrate digital features with conventional kitchen equipment.

Developing Smart and Connected Kitchen Appliances

Beyond Appliances develops kitchen appliances designed to combine everyday cooking functions with connected technology. Its existing product portfolio includes smart chimneys, hobs and cooktops, with a focus on incorporating digital capabilities into traditional kitchen equipment.

One of the company’s flagship products is an Android-powered smart chimney equipped with a digital display. The device allows users to access entertainment applications, including OTT and music services, while cooking, and supports cooking reminders and grocery list management through integrations with quick-commerce platforms Zepto and Blinkit.

Beyond Appliances has also developed Chef Verse, a recipe application featuring content from professional chefs. The company’s product portfolio includes chimney models incorporating 3D suction technology, designed to improve ventilation during cooking.

Another product, the Cube Chimney, targets compact kitchens and rental homes where space limitations can influence appliance selection. Through these products, Beyond Appliances aims to differentiate its offerings by integrating digital capabilities into traditional kitchen appliances while addressing different household requirements.

Beyond Appliances Plans Entry Into Oven Category

Beyond Appliances intends to expand beyond its existing chimney, hob and cooktop products, with plans to introduce additional kitchen appliance categories. One of its next planned launches is a range of ovens, with the company targeting entry into the category within the next nine to twelve months.

The expansion will allow Beyond Appliances to address additional segments of India’s kitchen appliance market. The startup plans to use part of its Series B financing to develop the engineering capabilities required for these new products, alongside investments in manufacturing infrastructure.

Its broader strategy involves building a portfolio of connected appliances designed for different household cooking requirements. The company is focusing on combining product functionality, technology integration and practical features as it introduces new categories and expands its existing product range.

Strengthening Online and Offline Retail Distribution

Beyond Appliances operates an omnichannel sales model, combining online distribution with physical retail outlets. Approximately 60% of its sales come through online channels, while the remaining 40% are generated through offline distribution, reflecting the company’s reliance on both digital platforms and traditional retail networks.

The company serves customers across major Indian cities, including Bengaluru, Hyderabad, Chennai, Pune and Delhi NCR. Beyond Appliances currently operates three exclusive retail outlets and plans to expand its physical store network as part of its broader distribution strategy.

It has also established partnerships with large-format retailers to increase product availability through offline channels. The expansion of its retail presence is intended to complement its existing online business and improve customer access to its products, particularly in markets where physical stores remain an important purchasing channel.

Beyond Appliances aims to strengthen distribution as it increases manufacturing capacity and introduces additional appliance categories, supporting its plans to reach a wider customer base across India.

Beyond Appliances Reports ₹40 Crore FY26 Revenue

Beyond Appliances reported ₹40 crore in net revenue for the 2026 financial year. The company is targeting further growth through manufacturing expansion, product diversification and a larger retail network, with the aim of increasing its presence in India’s kitchen appliances market.

Its longer-term ambition is to build a business generating ₹500 crore in annual recurring revenue within the next three years. Achieving that target will depend on the company’s ability to scale production, expand distribution and establish demand for its upcoming products.

The startup is also investing in product engineering to strengthen its position in the connected kitchen appliances segment. The Series B financing will provide additional capital to support these activities as the company pursues its growth objectives and expands its product portfolio.

Building a Technology-Driven Kitchen Appliances Brand

Beyond Appliances was established in August 2024 by Eshwar K Vikas and Rakesh Patil. The founders launched the company with a focus on developing smart kitchen products that combine connected technology with practical household applications, targeting consumers seeking additional functionality from conventional appliances.

Fireside Ventures has backed the startup since 2024, participating in its earlier financing before leading the latest Series B round. The company’s development strategy centers on in-house manufacturing, connected product features and a combination of digital and physical retail distribution.

With ₹110 crore in new financing, Beyond Appliances plans to establish additional manufacturing capacity, expand into the oven category and strengthen its presence across India’s kitchen appliance market. The investment will support the startup’s efforts to scale its operations while developing a broader portfolio of smart and connected household products.

Voi Technology, a Sweden-based micromobility startup, has secured a €150 million revolving credit facility (RCF) from three Nordic banks to refinance existing debt and support the expansion of its shared electric scooter and bicycle fleet.

The Stockholm-headquartered company signed the financing agreement with Danske Bank, Swedbank and DNB Sweden, marking a shift toward more flexible bank financing as it continues scaling its operations across Europe. Voi plans to use the facility to redeem all outstanding bonds, refinance its existing undrawn credit line and finance further fleet expansion.

The agreement follows a period of revenue growth and improved financial performance, with the company reporting a 47% year-on-year increase in second-quarter revenue in 2026.

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Voi Secures €150M Revolving Credit Facility

The new financing arrangement provides Voi with access to a revolving credit facility that allows the company to draw funds as needed, subject to the agreement’s terms. The facility replaces its previous debt financing arrangements, including outstanding bonds and an existing credit line, while providing additional resources to support the company’s operational and capital requirements.

Mathias Hermansson, CFO and Deputy CEO of Voi, said the agreement follows several years of strong cash flow generation and will provide more flexible and cost-efficient financing as the company expands. He also acknowledged the continued support of Danske Bank and Swedbank while welcoming DNB Sweden as a new banking partner.

The agreement represents another stage in Voi’s financing strategy as the company increasingly relies on debt instruments to support its operations and capital requirements. By consolidating existing financing arrangements into a larger revolving credit facility, Voi aims to improve its financial flexibility while continuing to expand its shared electric mobility services across European markets.

Voi Plans to Redeem Outstanding Bonds

As part of the refinancing, Voi has issued a conditional notice of early redemption for all outstanding bonds under ISIN SE0023134952, issued under terms dated October 17, 2024. The redemption is conditional on the company satisfying customary requirements for the first drawdown under the new credit facility, with completion expected on October 19, 2026, if those conditions are met.

Bondholders will receive 103.375% of each bond’s nominal value, plus accrued interest, with payments made to holders registered as of October 12, 2026. The company also expects the bonds to be delisted from Nasdaq Stockholm’s corporate bond list around the redemption date, following the completion of the refinancing process.

The transaction follows Voi’s previous debt financing activities, including €50 million in senior secured bonds issued in October 2024, a €40 million tap issue in October 2025 and a €25 million revolving credit facility secured in December 2025. The new arrangement will replace these financing structures as Voi moves toward a consolidated bank-backed credit facility.

Revenue Climbs 47% in Q2 2026

The financing announcement follows Voi’s second-quarter financial results, which showed continued revenue growth and improved profitability metrics. During Q2 2026, Voi reported net revenue of €68.8 million, representing a 47% increase compared with the same period a year earlier, while its trailing twelve-month revenue exceeded €200 million for the first time.

Adjusted EBITDA nearly doubled to €19.7 million, representing a margin of 28.6%. The company also reported that its net leverage ratio declined to 1.76x from 2.41x at the end of the previous quarter, despite continued investment in fleet expansion.

These results provide the financial context for Voi’s transition toward larger bank-backed credit facilities. The combination of revenue growth, improved adjusted operating profitability and lower leverage supports the company’s strategy of refinancing existing debt while maintaining investment in its European operations.

Expanding Shared Electric Mobility Across Europe

Founded in Stockholm in 2018, Voi operates shared electric scooters and e-bikes in partnership with municipalities across Europe. The company currently manages more than 200,000 vehicles across over 130 towns and cities in 13 countries, providing shared mobility services designed for short-distance urban transportation.

Voi employs approximately 1,000 people and reports more than 500 million rides since its launch, with over four million active users annually. Its operations are built around partnerships with local authorities, enabling the company to manage vehicle deployment and shared mobility services across different European markets.

Co-founder and CEO Fredrik Hjelm said the financing follows another record quarter and reflects growing confidence among financial institutions in the micromobility sector. He added that Voi will continue expanding its fleet and strengthening partnerships with European cities, using the new financing arrangement to support further operational growth.

Voi Shifts From Equity Funding to Bank Financing

Since its establishment, Voi has raised more than €500 million across 14 financing rounds, including equity investments, debt financing and grant funding. Its earlier fundraising included a €2.5 million Seed round in August 2018, a €77 million Series B in November 2019 and a €132 million Series C in December 2020.

The company subsequently secured €101.36 million in Series D financing in December 2021, when it reached unicorn status. In recent years, Voi has increasingly turned to debt capital markets to finance its operations and vehicle fleet, reflecting a shift in its approach to managing capital requirements as the business expands.

The new €150 million facility consolidates its existing debt arrangements while providing additional financing flexibility. By replacing outstanding bonds and its previous revolving credit line, the company aims to establish a more streamlined financing structure that can support its ongoing fleet investments and operational needs.

Following the planned bond redemption, Voi intends to continue publishing quarterly financial updates alongside sustainability disclosures under the EU’s Corporate Sustainability Reporting Directive. The company will use the new financing structure to support its European operations and future fleet expansion while maintaining regular reporting to stakeholders.

Myca, an India-based AgriTech startup developing artificial intelligence-powered software for agribusiness operations, has raised $1.3 million in a Pre-Seed funding round led by Kriscore Capital, with participation from Eximius Ventures and Indigram Labs Foundation.