Beverage brand Lahori raises $15-M from Belgium's Verlinvest

Fatehgarh, Punjab-based beverage startup Lahori has raised USD 15 million from Belgium-based consumer focused investor Verlinvest in exchange for a minority stake. Lahori will use the funds to accelerate its brand growth through offline and online expansion, and also enhance its national presence in retail chains. The funds will also be used for launch of new products. Mumbai-based investment banking firm Pareto Capital was the sole advisor to the company for this transaction.