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JM Financial Private Equity invests Rs 45 Cr in Clear Premium Water

Entrackr

Entrackr · 1y ago

JM Financial Private Equity invests Rs 45 Cr in Clear Premium Water

Bottled water brand Clear Premium Water has raised rs 45 crore ($5.4 million) in a new round from JM Financial Private Equity. Proceeds from the investment will support brand-building initiatives and enhance the existing capacities and distribution network of the company, Clear Premium Water said in a press release. Founded by Nayan Shah, the company is one of the notable players in the HoReCa (hotels, restaurants & cafés) segment and is gaining a footprint in the retail market in India. With a pan-India footprint, the company is strategically expanding its distribution across the nation. In December, the Ahmedabad-based company acquired 51% majority stake in Pune-based Kelzai Secrets Pvt Ltd. Kelzai offers volcanic water in PET and glass bottles. Last year, the firm also announced the launch of its natural mineral water brand NubyClear (NU) in India. This is the fifth investment from JM Financial Private Equity’s Fund III. Previously, it backed PharmEasy, BigHaat Agro and Silverpush, among others.

Related News

JM Financial Private Equity bets on bottled water firm

VCCircle

VCCircle · 1y ago

JM Financial Private Equity bets on bottled water firm

JM Financial Private Equity has invested INR 45 crore ($5.4 million) in Premium Clear, a Gujarat-based bottled water maker. The company has experienced significant growth, expanding over five times in the past five years. JM Financial aims to support Premium Clear in further increasing its distribution and production capacity.

JM Financial PE invests Rs 45 crore in Energy Beverages

IndianStartupNews

IndianStartupNews · 1y ago

JM Financial PE invests Rs 45 crore in Energy Beverages

JM Financial Private Equity has invested INR 45 crore in Energy Beverages Pvt. Ltd., the company behind the bottled water brand "Clear." This funding, sourced from JM Financial's Fund III, aims to support brand development, expand production capacities, and enhance the distribution network across India. Clear, founded by entrepreneur Nayan Shah, has gained traction in the HoReCa sector and recently acquired a majority stake in Kelzai Secrets Pvt Ltd. It also introduced a new natural mineral water brand called NubyClear. JM Financial recognizes the growth potential in the Indian bottled water market driven by increased health consciousness and hygiene concerns.

Clear Premium Water acquires majority stake in drinking water brand

VCCircle

VCCircle · 1y ago

Clear Premium Water has acquired a majority stake in Kelzai Volcanic Water, according to Energy Beverages Pvt Ltd. The financial terms of the transaction have not been disclosed. As a result of the acquisition, Energy Beverages will distribute and market Kelzai Volcanic Water, allowing Clear Premium to expand its product portfolio and Kelzai to benefit from Clear Premium's pan-India presence. Kelzai, which supplies water sourced from volcanic springs, recorded a net sales of Rs 3 crore but experienced a loss, while Clear Premium Water clocked Rs 41 crore in net sales in FY21.

How bottled water brand Clear aims to step up growth after getting PE cheque

VCCircle

VCCircle · 1y ago

Gujarat-based bottled water brand Clear Premium Water is set to expand its product range and increase production capacity following its recent private equity funding. The company aims to significantly increase its revenue over the next three years and enhance its distribution network.

JM Financial PE invests in farm equipment maker Balwaan Krishi

VCCircle

VCCircle · 1y ago

JM Financial PE invests in farm equipment maker Balwaan Krishi

JM Financial Private Equity, the PE arm of Mumbai-based investment banking firm JM Financial, has invested INR 40 crore ($4.8 million) in Balwaan Krishi, a Jaipur-based farm equipment manufacturer. The investment was made through the third fund of JM Financial, India Growth Fund III. Balwaan Krishi provides small farm equipment to farmers and plans to use the funding to expand its distribution network, drive brand-building initiatives, and meet working capital requirements. The company aims to address challenges in pre-sales advisory, product quality, and after-sales service for farmers. This investment is part of JM Financial's focus on the agritech sector.

JM Financial PE in talks to invest in Namita Thapar-backed consumer brand

VCCircle

VCCircle · 4m ago

JM Financial Private Equity is negotiating to invest in a consumer brand supported by Namita Thapar, executive director of Emcure Pharmaceuticals. JM Financial Group, a Mumbai-based financial services firm with a focus on private equity, private credit, debt, and mutual funds, is involved in this potential investment. The information comes from two individuals aware of the proceedings, while the firm was founded by Nimesh Kampani.

Shark Tank India-featured Zoff raises ₹40 crore in funding

Inshorts · 11m ago

Shark Tank India-featured Zoff raises ₹40 crore in funding

Shark Tank India-featured spices brand Zoff has raised Rs 40 crore in funding from JM Financial Private Equity through JM Financial India Growth Fund III. Founded in 2018 by brothers Akash Agrawal and Ashish Agrawal, The startup offers a curated selection of spices, dry fruits, and whole food products. It previously raised funding from Boat's Co-Founder & CMO, Aman Gupta.

JM Financial's Sonia Dasgupta on a stellar FY24 and the ambition for a better FY25

VCCircle

VCCircle · 1y ago

JM Financial's Sonia Dasgupta on a stellar FY24 and the ambition for a better FY25

JM Financial, a leading investment banking firm, had a successful financial year in FY24. Sonia Dasgupta, MD & CEO of investment banking at JM Financial, spoke about the company's ambitions for an even better FY25. Established in 1973 by Nimesh Kampani, JM Financial has become a prominent player in the investment banking industry, competing with other major dealmakers. The firm offers a range of services, including M&A, equity, private equity, debt, and advisory.

JM Financial PE bets on spices brand

VCCircle

VCCircle · 11m ago

JM Financial Private Equity has made a $4.7 million investment in Zoff Foods, an online platform selling spices and dry fruits. This investment marks JM Financial PE's entry into the e-commerce sector. Zoff Foods aims to use the funding to expand its product offerings, enhance its technology infrastructure, and strengthen its market presence.

JM Financial PE’s Darius Pandole on third fund update, exit plans and more

VCCircle

VCCircle · 9m ago

JM Financial PE’s Darius Pandole on third fund update, exit plans and more

JM Financial Private Equity has successfully raised three funds to support growth-stage investments in small and mid-sized companies. Their third fund, JM Financial India Growth Fund III, has recently reached its final close in 2023 and has already invested in seven companies. The firm's CEO, Darius Pandole, discusses the fund's progress, exit strategies, and future plans in this update.

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