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33&Brew raises Rs 20 Cr in Series A round led by Optimistic Capital

EntrackrEntrackr · 1m ago
33&Brew raises Rs 20 Cr in Series A round led by Optimistic Capital
Medial

Vinyl-themed microbrewery 33&Brew has raised Rs 20 crore ($2.2 million) in a Series A funding round led by Optimistic Capital. The venture capital firm had earlier announced a Rs 200 crore beer-focused fund dedicated to the microbrewery sector. The fund has deployed Rs 30 crore across its initial investments, with the remaining Rs 170 crore earmarked for deployment over the next three years. The capital will support bottling, kegging, and other craft beer–adjacent operations. As an owner-operator fund, it targets growth in India’s craft beer sector, with participation from investors in the Middle East and Africa (MEA) and India. The proceeds will be used for construction and expansion, 33&Brew said in a press release. Founded last year by Karthik Chandrasekaran, 33&Brew is a vinyl-themed microbrewery that combines craft beer with a curated vinyl record collection (33⅓ RPM). The outlet offers a progressive Indian menu in a music-focused setting and was conceptualised in collaboration with chef Sabyasachi Gorai. According to the company, guests can select and play vinyl records, creating a personalised music experience alongside their drinks. The brand offers a progressive Indian menu with global influences, along with craft beers, signature cocktails, and a curated food selection. 33&Brew said it aims to combine craft brewing with analogue music culture to differentiate itself in Bengaluru’s brewery market. Optimistic Capital focuses exclusively on the craft beer sector and offers structured investment opportunities for retail and institutional investors. The firm plans to invest in two additional microbreweries in central Bengaluru.

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Exclusive: Atomberg raises Rs 212 Cr in Series C extension led by Temasek

EntrackrEntrackr · 2m ago
Exclusive: Atomberg raises Rs 212 Cr in Series C extension led by Temasek
Medial

Exclusive: Atomberg raises Rs 212 Cr in Series C extension led by Temasek Consumer appliances brand Atomberg has secured Rs 212 crore ($24 million) in an extension of its Series C round led by Jongsong Investments (Temasek), with participation from its co-founders and existing backers. As per regulatory filings sourced from the Registrar of Companies (RoC), the board approved the issuance of 10,006 Series C1 and C2 preference shares at Rs 2,11,835 per share to raise the fresh capital. Temasek led the tranche with an infusion of Rs 132 crore, while Jungle Ventures and Inflexor Fund contributed Rs 17.8 crore and Rs 17.9 crore, respectively. Co-founders Manoj Kumar Meena and Sibabrata Das together invested Rs 44 crore during this round. This appears to be part of a larger ongoing funding round, and Atomberg is expected to raise additional capital for the secondary transactions. As per Entrackr’s estimates, the latest allotment values the company at around $500 million post-money. With this, Atomberg has raised over $150 million to date, including the $86 million Series C round led by Temasek and Steadview Capital in May 2023. Sibabrata Das, co-founder of Atomberg, declined to comment on the queries sent by Entrackr. Founded in 2012 by Meena and Das, Atomberg has built a strong R&D-led product portfolio featuring energy-efficient BLDC and smart fans, mixer grinders, and smart locks. The brand claims a retail footprint spanning more than 15,000 touchpoints across India. Atomberg initially entered the market in 2015, catering to B2B customers such as the Tata Group, Infosys, and Indian Railways before expanding into B2C via Flipkart and Amazon, and later scaling offline distribution from 2018 onward. The company is yet to file its FY25 financials. In FY24, its revenue from operations grew 31% year-on-year to Rs 848 crore, while losses narrowed by 31.7% during the same period.

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