Private Equity PE Fund Investments
Premium wine seller Grover Zampa raises INR 90-Cr from existing investors
Source Mint (opens in a new tab)
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.
Company website ↗ (opens in a new tab)
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.