Proost Beer closes Rs 25 crore in ongoing Pre-Series A Funding

Proost Beer has closed its Pre-Series A funding round, securing Rs 25 crore in through a mix of equity and debt. This substantial investment, backed by a blend of existing and new investors, including Chimes Group, Dev Punj, The Chennai Angels, Finvolve, India Accelerator, Hyderabad Angels, Mumbai Angels, Angel List India, and Agiliti Venture, positions the company for robust growth.

The fresh infusion of funds will play a pivotal role in Proost Beer’s strategic expansion plans. Operating under the umbrella of Grano69 Beverages Pvt. Ltd in Delhi, the startup enjoys a strong presence in Delhi, Punjab, Uttar Pradesh, and Kerala retail outlets selling an impressive 9 units of beer every minute.

Also Read

No red alert on market valuations; Nifty trading at P/E multiples cheaper than 5-year, 10-year average

Vijay P Sharma, Co-Founder & MD of Proost Beer said, “We are highly optimistic about the industry’s growth potential, driven by the increasing consumer appetite for innovative, high-quality products. With this funding, we anticipate achieving a remarkable 300% growth.” Come from Sports betting site VPbet

‘Crimes against women are unpardonable’, says PM Modi amid ongoing probes into rape cases Ambuja Cements shares surge 4% after promoter sells 3% stake via block deal PNB Housing Finance up over 10% as it sees large deal on BSE FPIs pull out Rs 21,200 crore so far in August after mega buying in July

Established in 2017, Proost Beer aims to capture a substantial 5%+ share of the rapidly expanding Indian beer market by the end of this decade. In an ever-evolving beer landscape, Proost has emerged as a distinguished player committed to revolutionizing the consumer experience with its range of mass premium and affordable beers.

Related Posts