VC Fund Investments
B2B beverage vending co Dwija raises Rs. 5.15 Cr led by Negen Capital
Dwija Foods, a Mumbai-based B2B beverage vending company, has raised INR 5.15 crore led by Negen Capital AIF. Indorient Financial Services were the consultants for the fundraise. Dwija procures its own tea and coffee, and has created a variety of blends. It claims to work with the Blacksoil Group, Google, Tata Capital, HDFC Bank, and Turtlemint, among its 150 customers. More than 600 vending machines have been installed by the company. Dibakar Chatterjee, Jayati Chatterjee, and Shailesh Pardeshi formed Dwija in January 2020. Through their brand ‘XTC,' Dwija offers tech-enabled brewing that is focused on giving businesses a variety of options for tea, coffee, and related beverages.
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