Angel Investments
Probiotic soda brand Peping raises Rs.2.5 Cr led by IAN
Bengaluru-based low-calorie prebiotic soda brand Peping has raised INR 2.5 crore in a funding round led by IAN Angel Fund, with participation from other angel investors.Founded in 2021 by Chirag Maheshwari and Prateek Maheshwari, Peping sells beverages, focusing on functional nutrition within the premium and health-orientated beverage segment. The brand is available on quick commerce platforms such as Swiggy Instamart, Zepto, and BigBasket, as well as in over 200 retail outlets in Bengaluru. Peping also supplies gyms, cafes, and corporate offices and operates its own soda canning facility.The company plans to use the new funds to expand distribution, strengthen supply chain operations, support brand development, and introduce new flavours.
In Aug 2023, Peping had attracted about USD 0.4 M from Better Capital and others.
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