Mumbai Angels funds Grano69

Grano69 Beverages, a brewery startup, has been funded Rs. 8.5 crore from Mumbai Angels - a leading platform for early stage venture investments.

Grano69 Beverages intends to use the funds to increase its production capacity and broaden its availability in various parts of India. The company wants to increase its monthly production capacity to 1, 50,000 cases with the help of this investment.

Hyderabad Angels, Finnvolve, Speed Fund, AngelList India, and friends and family all took part in the investment round. Dauble PTE and Dev Punj are among the other current investors behind the brand.

Since its founding in 2017, Proost beer of Grano69 Beverages has expanded to 1500 retail locations in Delhi, Uttar Pradesh, Kerala, and Punjab.