Mumbai Angels have invested Rs 8.5 crore in the brewery company Grano69 Beverages. Hyderabad Angels, Finnvolve, Speed Fund, AngelList India, and friends and family all took part in the investment round. Among the current investors are Dauble PTE and Dev Punj.
The company intends to use the funds to increase production capacity and broaden its global reach, as reported by The Economic Times.com
“The brand’s steady growth is indicative of its high potential and we are confident that this funding will enable them to grow further and gain a significant share of the market.” said Nandini Mansinghka, CEO, Mumbai Angels.
About Grano69 Beverages
Vijay P. Sharma and Tarun Bhargava established Grano69 Beverages in 2017. Proost69 beers, lovingly presented to you by Grano69 Beverages, add charm to the beer industry. The company was founded with the goal of discovering a flavor that genuinely makes you say, “CHEERS!” There should be no place for compromise when it comes to good taste and living