Latambarcem Brewers secures funding

Goa-based Latambarcem Brewers (LB Brewers) has secured $1.5 million in a pre-Series A funding round. The investment round was led by LBB Investor SPV, a group of high-net-worth angel investors including Dhruv Agarwala, Co-founder and CEO of REA India; the owner of digital real estate platforms Housing.com. Other investors include Sheba Venture Holdings.

The brewer plans to use the raised funding to boost its growth and solidify its position as a leader in the natural functional beverage space.

Aditya Ishan Varshnei and Anish Varshnei founded LB Brewers in 2017 with the launch of their Maka Di beer brand. Brewer’s range includes a Belgian Tripel, a Honey Ale, Bavarian Keller and Rosé Brut IPA, which is made with grapes from Nashik in western India. LB Brewers launched a second brand, Borécha, which makes kombucha and other functional drinks, in July 2019.