Coolberg Beverages Pvt. Ltd.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Coolberg Beverages Pvt. Ltd. - overview
Established
2016
Location
Mumbai, -, India
Primary Industry
Consumer Products
About
Coolberg Beverages Pvt. Ltd. , based in Mumbai, India, specializes in producing innovative non-alcoholic beers, offering a diverse selection to cater to health-conscious consumers seeking flavorful alternatives to traditional alcoholic beverages. Founded in 2016, Coolberg Beverages Pvt.
Ltd. operates out of Mumbai, India, and focuses on creating non-alcoholic beer products. The company is led by co-founder and CEO Pankaj Aswani. In November 2022, Coolberg was acquired by Ghodawat Consumer Ltd.
from a group of investors including India Quotient and RB Investments. The financial terms of the acquisition were not disclosed. Coolberg has successfully raised a total of INR 84. 888 mn through multiple funding rounds, including a Series A round in November 2022, which brought in INR 219.
981 mn led by RB Investments, contributing to a current valuation of INR 968. 060 mn. Coolberg specializes in a range of non-alcoholic beers, including flavors such as malt, cranberry, peach, strawberry, mint, and ginger. The company aims to provide a flavorful experience without alcohol, appealing to consumers who enjoy the taste of beer for social occasions.
Coolberg's products are widely available in major Indian markets and can be found on platforms like Amazon and Flipkart. In 2022, Coolberg generated a revenue of INR 3,369,945. 70. The company reported an EBITDA of INR -1,940,304.
30 for the same year, indicating a focus on growth and market penetration in the non-alcoholic beverage sector. Looking ahead, Coolberg Beverages Pvt. Ltd. plans to expand its product offerings and develop new flavors tailored to specific consumer preferences.
Additionally, the company aims to enter new geographic markets to increase its consumer base. The funding received from the Series A round will be instrumental in supporting these initiatives and enhancing its market presence. Coolberg will operate under the Impulse division of Ghodawat Consumer Ltd. , providing it with additional resources to accelerate growth.
Current Investors
Indian Angel Network, India Quotient, Pragnya Advisors
Primary Industry
Consumer Products
Sub Industries
Non-Alcoholic Beverages
Website
www.coolberg.in
Verticals
E-commerce, Manufacturing
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.