A fresh round headed by JM Financial Private Equity has raised rs 45 crore ($5.4 million) for the bottled water brand Clear Premium Water.
According to a press statement from Clear Premium Water, the funding’s proceeds would assist efforts aimed at establishing the company’s brand and improve its current capabilities and distribution network.
Read also – Gobblecube Secures $1.9 Mn Seed Funding Led By Kae Capital
Nayan Shah founded the company, which is becoming a prominent participant in India’s retail market and in the HoReCa (hotels, restaurants, and cafés) sector.
The corporation is extending its distribution network strategically throughout India, where it already has a presence.
Read also – Kites Senior Care Secures Rs 45 Cr Series A Round
The Pune-based Kelzai Secrets Pvt Ltd. was acquired by the Ahmedabad-based company in December for a 51% majority stake. Glass and PET bottles of volcanic water are available from Kelzai.
About Clear Premium Water
JM Financial provides a range of services to retail, high net worth individuals, enterprises, and financial organizations. One of the leading integrated financial services groups in India.
