Sanjay Ghodawat Group’s FMCG arm Ghodawat Consumer Ltd (GCL) acquired Mumbai-based beverage startup Coolberg for an undisclosed amount.
As part of the agreement, Coolberg’s team will join GCL and assist in the development of a portfolio of new-age premium beverage brands. Coolberg raised $3.5 million in a Series A funding round led by Singapore-based RB Investments and India Quotient almost three years ago. GCL claims to have made INR 1,400 Cr in revenue in FY21-22 and aims to make INR 2000 Cr in annual revenue by FY23.
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Sanjay Ghodawat Group’s FMCG arm Ghodawat Consumer Ltd (GCL) acquired Mumbai-based beverage startup Coolberg for an undisclosed amount.
As part of the agreement, Coolberg’s team will join GCL and assist in the development of a portfolio of new-age premium beverage brands. Coolberg raised $3.5 million in a Series A funding round led by Singapore-based RB Investments and India Quotient almost three years ago. GCL claims to have made INR 1,400 Cr in revenue in FY21-22 and aims to make INR 2000 Cr in annual revenue by FY23.
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.
