Private Equity

Angel Investments

Proost Beer raises Rs.8.5 Cr led by Mumbai Angels, Hyderabad Angels, Speed Fund, others

Business Line  

Delhi-based Proost Beer has raised INR 8.5 crore in a funding round led by Mumbai Angels, Hyderabad Angels, Speed Fund, GetVantage, Finvolve and other angel investors. Existing investors Dauble PTE and Dev Punj also participated in the Pre-Series A round. The funds will be used to expand production capacity, venture into new markets, and fulfill other working capital requirements. Started in 2017, Proost Beer sources its raw materials from both local and international suppliers. The company claims to be present in more than 1800 retail outlets, selling over 10 million units.