Mumbai, March 14, 2024: JM Financial Private Equity (the Fund) has finalized an investment of INR 450 mn in Energy Beverages Pvt. Founded by first-generation entrepreneur Mr. Nayan Shah, the Company has emerged to become a leading player in the HoReCa (hotels, restaurants & caf\xe9s) segment and is gaining footprint in the retail market in India. Proceeds from the investment will support brand building initiatives and enhancing the existing capacities and distribution network of the Company.Commenting on the investment, Mr. Darius Pandole, MD & CEO - Private Equity, JM Financial said, The Indian bottled water market is highly under penetrated and fragmented and we are witnessing a structural shift in consumption from the unorganized to the organized market, owing to factors like hygiene, and a general rise in health awareness in a post covid world. Backed by an experienced management team, Clear is poised to ascend and cement its position as one of the nations premier bottled water brands.Commenting on the capital raise, Mr. Nayan Shah, Founder and CEO, Energy Beverages Pvt. Existing investments of the Fund include API Holding Ltd. (leading Indian healthcare platform), Aarman Solutions Pvt.