PE Fund Investments
Premium wine seller Grover Zampa raises INR 90-Cr from existing investors
Mumbai-based Grover Zampa Vineyards Ltd has raised INR 90 crore from existing investors VisVires Capital (promoted by Singapore-based wine investor Ravi Viswanathan), Quintela and AVT Group. The investment will be used to launch high-end wine varieties.The company’s vineyards are spread across 1,200 acres in Karnataka's Nandi Hills and Maharashtra's Nashik Valley.
Between Jun 2012 and Jul 2018, Grover Zampa had raised about USD 26.70 M from RB Investments, VisVires Capital and Reliance Capital.For FY23, Grover Zampa Vineyards had reported about INR 63.56 Cr in operating income and about INR 28.25 Cr in net loss.
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