Private Equity

VC Fund Investments

Woodsmen Mountain Whiskey raises Rs.12.5 Cr

Yourstory  

Ginglani Distillers-owned Indian whiskey brand Woodsmen Mountain Whiskey raised Rs 12.5 crore in a Series A funding round led by Ahmedabad-based Finfirst Group and Anthill Ventures. The round also saw participation from Nikhil Vora (Sixth Sense Ventures), Chaitanya Rathi (Ex-Sula Vineyards), Shantanu Deshpande (Bombay Shaving Co.), Claris Capital, and Baymore Ventures, among others.Existing investors - Country Delight Founders Nitin Kaushal and Chakradhar Gade - also participated along with the core team of Ginglani Distillers, including Joseph Jacob (Ex-AB InBev), Sunil Thakur (Ex-Paul John), and Harpreet Bali (Ex-DS Group).With this capital, Ginglani Distillers plans to expand to new markets while enhancing its distribution in existing markets. It also wants to focus on brand building, digital and on-ground marketing, team building and new product innovations. The company has also started working on its Single Malt range.