Indian Economy News

Coolberg raises US$ 3.5 million in Series A round

  • IBEF
  • November 14, 2019

Coolberg, a Mumbai-based non-alcoholic beverage start-up, has secured US$ 3.5 million in a Series A round led by Singapore-based family office RB Investments and existing investor India Quotient.

According to the company statement, participation from Ashish Goenka, Chairman of Suashish Diamonds and a clutch of investors from Indian Angel Network (IAN) was also seen.

"Raising this investment will help us strengthen our distribution network and increase brand awareness," Mr. Pankaj Aswani, founder of Coolberg Beverages, said.

Earlier, an undisclosed seed amount from venture capital firm India Quotient and IAN's maiden fund was raised by the company.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

Partners
Loading...