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Beverage startup LB Brewers raises $1.5 Mn in pre-Series A round

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Beverage startup Latambarcem Brewers (LB Brewers) has secured $1.5 million (Rs 12.5 crore) in a pre-Series A round co-led by SPV, Dhruv Agarwala, Sheba Venture Holdings and others. The fresh funds will boost its growth and solidify its position as a leader in the natural functional beverage space, LB Brewers said in a press release. Co-founded in 2017 by brothers Aditya Ishan Varshnei and Anish Varshnei, LB Brewers operates under a holistic strategy, encompassing product development, manufacturing, supply chain, and brand building. The platform offers two main brands: Maka Di, offering a range of unique craft beers, and Borecha, a functional beverage brand featuring a range of health-forward beverages with a hero product being their probiotic kombucha. According to the Goa-based company, it also offers other products like Belgian Triple, Super Maka, Bavarian Keller, and others. The startup claims that its health-focused beverage has gained significant traction with a partnership with Akasa Air and Air India Express, making it the first kombucha and sparkling iced tea served on an Indian airline. Latambarcem Brewers says that it has expanded its reach to the US, Canada, UAE, and other global markets and plans to enter 11 European countries this year. The startup is projecting Rs 300 crore in annual revenue within the next three years.