Coolberg, a Mumbai-based non-alcoholic beverage start-up, has secured $3.5 million in a Series A round led by Singapore-based family office RB Investments and existing investor India Quotient.
The Round also saw participation from Ashish Goenka, Chairman of Suashish Diamonds and a clutch of investors from Indian Angel Network (IAN), the company said in a statement.
“Raising this investment will help us strengthen our distribution network and increase brand awareness,” Pankaj Aswani, founder of Coolberg Beverages, said.
The start-up had earlier raised an undisclosed seed amount from venture capital firm India Quotient and IAN’s maiden fund.