Hector Beverages – parent company of Paper Boat raised $50.1 million from Lathe Investment Pte Ltd

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Hector Beverages, the parent company of popular beverage brand Paper Boat, raised $50.1 million from Lathe Investment Pte Ltd, which is wholly owned by Singapore-based sovereign fund GIC.

Hector Beverages operates the F&B brand Paper Boat, which sells fruit-based drinks in Indian flavours such as aam panna (raw mango) and jaljeera (spicy, tangy lemonade). It also sells dry fruits and healthy snacks such as chikki and aam papad. GIC will own a 25% stake in Gurugram-based Hector Beverages as a result of the investment. Paper Boat is currently present in metro cities as well as Tier 2 and 3 cities in India. The country’s F&B industry has been rapidly expanding and is expected to reach a market value of $156.25 billion by 2026.

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Hector Beverages – parent company of Paper Boat raised $50.1 million from Lathe Investment Pte Ltd

Hector Beverages, the parent company of popular beverage brand Paper Boat, raised $50.1 million from Lathe Investment Pte Ltd, which is wholly owned by Singapore-based sovereign fund GIC.

Hector Beverages operates the F&B brand Paper Boat, which sells fruit-based drinks in Indian flavours such as aam panna (raw mango) and jaljeera (spicy, tangy lemonade). It also sells dry fruits and healthy snacks such as chikki and aam papad. GIC will own a 25% stake in Gurugram-based Hector Beverages as a result of the investment. Paper Boat is currently present in metro cities as well as Tier 2 and 3 cities in India. The country’s F&B industry has been rapidly expanding and is expected to reach a market value of $156.25 billion by 2026.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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