Private Equity

Angel Investments

Alcoholic beverages co O'Be Cocktails raises Rs.3.5 Cr from First Cheque, Letsventure, others

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Bengaluru-based alcoholic beverages startup O'Be Cocktails has raised INR 3.5 crore in an angel round led by First Cheque, Letsventure, Ola's Bhavish Aggarwal and Ankit Bhati, Tracxn founder Abhishek Goyal, and Sprout Investments. The proceeds will be used to launch new products and scale its retail presence from 200 large format stores to over 1,000 outlets across other urban markets. O'Be Cocktails sells cocktails with its range of drinks available in Goa and Bengaluru. The brand claims that its cocktails have been built over a hundred iterations to serve a consistent consumer blend.

From the Venture Intelligence PE-VC Deal Database: In Jun-20, First Cheque had invested in O’Be.