Byondnxt, the business that owns the Beyond Appliances brand of kitchen appliances, has secured further capital from a number of new investors. Zomato did not take part in this most recent investment round. In October, Zomato paid about Rs. 6,000 to purchase an 8% share in the Bengaluru-based business.

Following the completion of the fundraising on November 30, Zomato's fully diluted share in Byondnxt has decreased to 6%, according to a stock exchange filing on Sunday.

Byondnxt is a direct-to-consumer (D2C) company that specializes in the design and manufacture of kitchen appliances. It was founded by Eshwar Vikas, who also founded Mukunda Foods. In March 2022, Zomato made a $ 5 million investment in Mukunda Foods, gaining a 16.66% share in the business that provides B2B customers with smart kitchen appliances.

Byondnxt's Co-Founder and CTO, Rakesh Patil, is also essential to the business's functioning.

In the past three months, this is the second round of funding for a firm backed by Zomato. A investment round led by Indonesia's Sinar Mas and Singapore-based venture capital firm Rigel Capital raised $25 million for the adtech startup AdOnMo in September.

Deepinder Goyal, the CEO of Zomato, has also started a new business called Continue that will concentrate on mental wellbeing and health tracking. Zomato recently collected Rs. 8,500 crore, or about $1 billion, by placing equity shares through Qualified Institutions Placement (QIP).

Beyond Appliances, a smart kitchen appliance brand, has secured $2 million in its seed funding round, which was led by Fireside Venture Investment Fund III.

The funding round also included investments from Dharana Capital and notable angel investors such as Shezan Bhojani (Founder of Design Cafe), Saurabh Jain, Ramakant Sharma (Co-Founders of Livspace), and Chandru Kalro (Former CEO of TTK Prestige).

The funds will be used to enhance Beyond Appliances' technology development and manufacturing capabilities.