Proost Beer closes Rs 25 crore in ongoing Pre-Series A Funding
Summary
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 Beers strategic expansion plans. 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.Vijay P Sharma, Co-Founder & MD of Proost Beer said, We are highly optimistic about the industrys growth potential, driven by the increasing consumer appetite for innovative, high-quality products. With this funding, we anticipate achieving a remarkable 300% growth.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.
Funding
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