The round was led by Ashish Kacholia – renowned public market investor and saw participation from existing investors – Asian Paints Promoter Group (Manish Choksi and Varun Vakil).
In the future, Impresario plans to double its number of outlets as India’s F&B market gets more organised, with growth in the high teens expected over the coming years.
A bootstrapped business until now, operating 10 stores across Mumbai & Gujarat, Cheelizza will focus on rapidly expanding their presence in Mumbai by opening 20 new stores in the next 12 months.
On a mission to revolutionize the healthy foods space in India, Chef Shivani’s offerings are gluten-free, vegan and preservative-free, while all being millet-based.
With the influx of new capital, Ronin Wines aims to deepen Moonshine’s presence in its present markets (Maharashtra, Karnataka, Goa, Uttar Pradesh, Himachal Pradesh, Rajasthan, Assam and Silvassa) and enter new markets like Haryana and West Bengal.
It is now present across 21 cities and has over 480 outlets; aim it to enter over 100 cities with the new expansion plan. The funds will also be utilised to fortify the FMCG growth.
The brand plans to position itself in the Ready-to-Drink alcohol market on the back of its distinctive marketing strategy, effective on-market trade techniques, and an inventive product pipeline.