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.

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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

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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.

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Embracing integrated resorts and gaming:

Since 1972, Paradise Group has been actively involved in the integrated resort, hotel, gaming, travel, and leisure sectors. This year, the company is poised to advance its growth strategy through the “Beyond No. 1, Paradise Value Up Project,” marking a significant milestone in the hospitality industry.

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