Angel Investments
Alcoholic drink brand Bored Beverages raises Rs 2.5-Cr from IP Ventures, others
Delhi-based ready-to-drink alcoholic beverage brand Bored Beverages has raised over INR 2.5 crore in a seed round led by Inflection Point Ventures. Other investors in the round were Bhawana Bhatnagar, founder, WeFounder Circle; Soumya Kant, founder, Clovia; and the Dot In Network. Prabhtej Singh Bhatia, founder of Simba Beer, will join the cap table as a strategic investor and mentor. The funds will be used for the expansion of the team, scaling of sales and marketing operations and for establishing a distribution channel and building the brand. Bored Beverages, started by Vinayak Malhotra, has launched its first product – No Label Mead Original in Delhi, Gurgaon, Mumbai, and Pune.
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