Proost Beer raises Rs 25 cr

The Proost beer brand, a part of Grano69 Beverages, has successfully secured INR 25 Crore in its pre-Series A funding round. These funds are designated for the purpose of expanding its market presence across various regions in India.

This round of funding saw participation from both existing and new investors, with notable names such as Dev Punj and the Chimes Group. Proost Beer, headquartered in Delhi and founded in 2017, is currently available in retail outlets spanning Delhi, Punjab, Uttar Pradesh, and Uttarakhand.

The company specializes in the production and distribution of a diverse range of beers and has set its sights on achieving a market share of over 5 percent in the Indian beer industry by the year 2030