Alcoholic beverages maker Boutique Spirit Brands raises Rs.80-Cr

New Delhi-based liquor startup Boutique Spirit Brands has raised INR 80 crore through a combination of equity and debt from IIFL Private Equity, Anicut Angel Fund, Kae Capital as well as Narendra Madhusudan Murkumbi and Vikramaditya Mohan Thapar Family Trust. TradeCred came in as a debt partner with INR 60 crore. The investment will be used to launch new products, scale-up and expand retail footprint as well services to customers across India. Incorporated in 2016, Boutique Spirit Brands (BSB) is a multi-category spirits brand that specialises in manufacturing branded alcoholic beverages. Boutique Spirit had earlier raised INR 6.8 crore in seed funding from KAE Capital in 2018.