๐Ÿš€ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐Ÿ”ฅ
Login

News on Medial

Cherrapunji Craft Gin raises $1.2 Mn in pre-Series A round

EntrackrEntrackr ยท 6m ago
Cherrapunji Craft Gin raises $1.2 Mn in pre-Series A round
Medial

Raincheck Earth Co., the maker of alcoholic beverage startup Cherrapunji Craft Gin, has raised $1.2 Mn in pre-Series A round from Japanese investors. The round also saw participation from AngelList India Syndicate, who doubled down on their previous investments. The startup raised its seed round in May 2023. The proceeds will be used to ramp up its domestic and global expansion, increasing distribution and visibility for Cherrapunji Craft Gin in key markets. Founded by Mayukh Hazarika, Cherrapunji Eastern Craft Gin was launched in 2023 from Cherrapunji in Meghalaya. The North East Indian town is known as the rainiest place on earth and has the world record for the highest amount of rainfall in a year, and it is this rainwater that is purified and used alongside North East Indian botanicals to make Cherrapunji Gin. According to the company, its bottles are made of military-grade stainless steel with the aim of minimising the gin's carbon footprint and providing a reusable container, and in 2024 Cherrapunji Gin was voted as 'Gin Bottle of the Year 2024' by The Gin Guide readers and followers. The firm claims to have gained significant global recognition for its flagship product, which has already won 13 global awards since launch.

1

Related News

ErlySign raises $1.8 Mn in pre-Series A round from Ashish Kacholia

EntrackrEntrackr ยท 7m ago
ErlySign raises $1.8 Mn in pre-Series A round from Ashish Kacholia
Medial

ErlySign raises $1.8 Mn in pre-Series A round from Ashish Kacholia Healthtech startup ErlySign has raised Rs 16 crore ($1.8 million) in its pre-Series A round from Ashish Kacholia. The proceeds will be used in clinical trials, securing CDSCO (Central Drugs Standard Control Organisation) approvals, and bringing ErlySignโ€™s oral cancer detection kit to market. Founded in 2019 by Shubhendra Singh Thakur and Deovrat Begde, ErlySign develops solutions for early detection of oral cancer. The startup also claims to offer Indiaโ€™s first salivary biomarker-based test which can identify pre-cancerous conditions much before visible symptoms emerge. Looking ahead, ErlySign plans to use CRISPR miRNA-based testing technology to detect multiple types of cancer using the same saliva sample within 15โ€“20 minutes.

Ice cream brand Go Zero raises $1.5 Mn

EntrackrEntrackr ยท 1y ago
Ice cream brand Go Zero raises $1.5 Mn
Medial

Ice cream brand Go Zero has raised $1.5 million in its follow-on pre-Series A funding round from DSG Consumer Partners, Saama, and V3 Ventures, among others. The round also saw participation from notable angel investors such as Arjun Purkayastha. Earlier in August last year, the startup had raised $1 million in its pre-Series A funding round led by DSG Consumer Partners, Saama, and V3 Ventures. Founded by Kiran Shah, Go Zero has a diversified product portfolio featuring low-calorie, high-protein, and vegan ice creams. The startup claims that all its products are sweetened with plant-based sweeteners, which are low in calories. Currently present in 16 cities and over 125 dark stores, Go Zero ice cream brand is available on both quick commerce and e-commerce platforms in less than two years of launch. In FY24, Go Zero claims to have grown 4X compared to FY23 and while it saw 7X growth on quick commerce in just 5 months this summer. Go Zero competes with Hocco and NIC. Last year, NIC had raised $11 million in a growth funding round led by Jungle Ventures whereas Hocco recently raised $12 million from Chona family and others.

Download the medial app to read full posts, comements and news.