From Kitchen Robotics to ₹110 Crore: How Beyond Appliances Is Building India's Smart Kitchen
Two years ago, Eshwar K Vikas and Rakesh Patil were running Mukunda Foods, a kitchen robotics company. In August 2024, they started over — this time with a bolder bet: that the Indian kitchen itself was ready for a technology overhaul.
That bet just paid off. On October 6, Bengaluru-based Beyond Appliances announced a ₹110 crore Series B led by Fireside Ventures, with Dharana Capital participating. It is Fireside's third consecutive cheque into the company — the fund led the $2 million seed in November 2024 and the $4 million Series A last August. When an investor backs you three rounds in a row, that's conviction, not curiosity.
Where the money goes: a brand-new manufacturing facility in South or West India, deeper R&D, and new product categories — ovens arrive in the next 9 to 12 months. The company already makes 90% of its products in-house across two factories in Delhi NCR and Bengaluru.
The traction story is the real headline. Beyond Appliances has grown from chimneys into Android chimneys, Plug-N-Play chimneys, smart hobs and cooktops. Marketplace share has doubled in a year. Referrals drive 15% of revenue. Retail spans Delhi, Mumbai, Bengaluru and Hyderabad, with three exclusive stores open and 15–20 more planned. Net revenue hit ₹40 crore in FY26; the three-year target is a staggering ₹500 crore in ARR.
Why it matters for founders
Beyond Appliances is a masterclass in focused execution — second-time founders, one sharp thesis (the smart Indian kitchen), a sector-focused investor doubling down, and manufacturing depth as a moat. Building in consumer hardware? This is the playbook: prove the category, own the supply chain, then scale the SKUs.