Polka Pop has secured an undisclosed amount in pre-seed funding from a group of well-known angel investors.
These investors include Atishe Chordia, founder of Doodleblue Innovations, Parasar Sarma, a former growth leader at Wakefit, Senthil Natarajan, Managing Partner at Kovai Pazhamudir, and Shikha Gupta, Managing Director of Life Fitness India, as well as Premnath K, Founder & Director of Blue Band Sports Ltd, among others, as per reported by BW Disrupt.
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Commenting on the Fundraise Gaurav Khemka Founder & CEO – “The shift towards leading a healthier & better life is constant! We have seen some of the largest brands in the world built on this. However, the current Indian beverage shelf, including ’diet’ drinks, comes with long-term health concerns. At Polka Pop, we are working on building a clean beverage brand where taste & health go hand-in-hand. I would like to thank the angels for believing in our mission right from the start.”
The startup was launched by Gaurav Khemka, who holds an MBA from Babson College, and has been selling over 40,000 bottles a month since its launch in early 2021. Polka Pop is available on various quick commerce platforms, including Swiggy, Zepto, and BlinkIt.
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Parasar Sarma (Ex-Wakefit, Growth Leader) added “The rapid growth and widespread acceptance of Polka Pop in the market is impressive. As a homegrown category pioneer in the competitive D2C beverage segment, offering a clean and healthy fizzy drink, Polka Pop has a unique and promising position that is sure to lead to further expansion. I am delighted to take part in this round of funding and to support the company’s mission”.
In addition to securing pre-seed funding and achieving a monthly sales volume of over 40,000 bottles, Polka Pop has received recognition from various entities. The startup was awarded the TANSEED grant by the Tamil Nadu Government in early 2022 and was also named one of YourStory’s Top 500 Challenger Brands. More recently, it was selected as one of the top 600 startups out of over 5,700 applicants as part of the upcoming Leap to Unicorn program by IDFC First Bank, Moneycontrol, and Headstart.
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About Polka Pop
Polka Pop has set its sights on expanding its reach and revenue over the next 6 months. The company plans to target hotel chains, bars, and office spaces to further scale its business. Additionally, Polka Pop is in talks with several funds regarding a follow-on seed round of funding. The funds will be used to build out existing channels and establish a retail presence across major metro cities, as the company seeks to expand its customer base and increase sales.
