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Motilal Oswal pumps Rs 200 Cr into Lahori

EntrackrEntrackr · 2m ago
Motilal Oswal pumps Rs 200 Cr into Lahori
Medial

Beverage brand Lahori is raising Rs 200 crore (approximately $23 million) from Motilal Oswal. The funding came after a hiatus of three years for the Punjab-based company. The board at Lahori has passed a resolution to issue 4,997 Series B preference shares at an issue price of Rs 4,00,252 each to raise Rs 200 crore or $23 million, its regulatory filing accessed from the Registrar of Companies (RoC) shows. The investment will be used for the growth and expansion of the business, the filing further added. According to Entrackr’s estimates, the company is valued at around Rs 2,800 crore or $329 million post-allotment. The company is reportedly in the process of raising Rs 450 crore in a new round. Following the latest fundraise, Motilal Oswal has acquired a 7.14% stake in the company. Existing investor Verlinvest’s shareholding has been reduced from 21.17% to 19.64%, while Lahori’s founder stake has been diluted from 76.21% to 70.76%. Lahori Zeera has emerged as one of India’s fastest-growing independent beverage companies over the past decade. The brand offers a range of traditional Indian beverage products, including Lahori Zeera, Lahori Nimboo, and Lahori Shikanji. Lahori is yet to file its annual results for FY25. During the fiscal year ended March 2024, its revenue from operations grew 47% year-on-year to Rs 312 crore. Notably, the profits of the company spiked 3X to Rs 22.5 crore in the same period. According to its CEO, Saurabh Munjal, Lahori had a target of Rs 500 crore revenue in FY25.

Eat Better Co bags Rs 17 Cr in pre-Series A round

EntrackrEntrackr · 3m ago
Eat Better Co bags Rs 17 Cr in pre-Series A round
Medial

Snack brand Eat Better Co has picked up Rs 17 crore in pre-Series A funding round co-led by Prath Ventures and Spring Marketing Capital along with participation from existing investors. The brand also made an appearance on Shark Tank where they bagged a deal at a 100-crore valuation from Namita Thapar. The Jaipur based company had previously raised $1.12 million from Mumbai Angels and others. The fresh funds will be utilized to expand its product line and double down on Q-commerce, Eat Better Co said in a press release. Co-founded in 2020 by Mridula Kanoria, Vidushi Kajaria, and Shaurya Kanoria, Eat Better Co operates as an Internet first brand offering multi-category healthy products. The brand makes better-for-you sweets and namkeen using real ingredients, just like homemade snacks. The company offers healthy food products like healthy snacks, sweets, seeds, and nuts mixes, giving an alternative for healthy snacking. The brand claims to deliver over 2,00,000 orders every month and is selling across multiple platforms. The brand’s products are also available on quick commerce platforms like Swiggy Instamart, Zepto, and Blinkit.

Beverage startup Rio Innobev raises Rs 10 Cr led by Atomic Capital

EntrackrEntrackr · 3m ago
Beverage startup Rio Innobev raises Rs 10 Cr led by Atomic Capital
Medial

Beverage startup Rio Innobev raises Rs 10 Cr led by Atomic Capital Beverage company Rio Innobev has raised its first institutional fundraising of Rs 10 crore in a pre-Series A funding round led by Atomic Capital along with participation from other investors. The fresh funds will be used for distribution expansion, brand building, product innovation, and manufacturing upgrades, Rio Innobev said in a press release. Co-founded in 2014 by Rahul Sangoi, Rajiv Sangoi, and Rohan Sangoi, Rio Innobev’s products RIO Bubbly Fruit Drink (BFD) offers exotic fruit flavours with 15% juice content, fortified with honey and Vitamin C, and 25% less sugar, meanwhile, RIO BOOM Energy Drink caters to young, aspirational consumers with a bold taste and energy-boosting formula. The Pune-based startup states that it has presence in over 35,000 retail stores across more than 25 cities in Maharashtra and Gujarat, and aims to scale to 1,00,000 outlets over the next three years while deepening its omnichannel presence with Quick Commerce platforms and modern trade networks. Rio Innobev claims that it has stayed EBITDA positive since inception, growing from 7.5 lakh units in its first year to over 15 million cans and bottles sold annually. The brand aspires to focus on innovation, speed-to-market, and uncompromising quality. The company aims to expand its portfolio across indulgence, health, and functional beverage segments, catering to evolving consumer preferences. Rio Innobev has presence in outlets like Dmart, Reliance Retail, 7-Eleven, Wellness Forever, and Patel Retail, as well as on quick commerce platforms such as Zepto, Swiggy Instamart, and Blinkit. The company plans to triple its general trade footprint and significantly deepen its reach in India’s top metros and emerging mini-metros over the next three years. Rio Innobev also plans to expand its manufacturing capabilities to ensure faster go-to-market execution, superior product quality, and strong unit economics as it prepares to compete more aggressively in both national and regional markets.

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