Angel Investments
Beer maker Medusa Beverages raises Rs.56-Cr
New Delhi-based Medusa Beverages has raised INR 56 crore in a series A funding round, led by Amal N Parikh and Ashwin Kedia (Alchemy Capital co-founder). The round also saw participation from Ramesh Damani, Crest Opportunities as well as high networth individuals (HNIs).The funds will be used by the company to scale operations, establish foreign partnerships with distributors and geographical expansion of the brand within India.Founded in 2017, Medusa has presence in Delhi, Punjab, Uttar Pradesh, Chhattisgarh, Himachal Pradesh, Chandigarh and Uttarakhand.
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