Company Name : RAW Pressery
Funding Amount : $4.5 million
Investor(s) Sequoia, Saama Capital, DSG partners.
Funding Round : Series B
Mumbai based RAW Pressery, a fresh juice company has raised Series B funding of $4.5 million from three equal partners – Sequoia, Saama Capital and DSG partners.
Sequoia in February 2015 had invested $1.8 million in the startup. The fresh capital will give an impetus to the company’s plans of introducing new flavours, increasing production capacity and initiating brand-building activities.
Anuj Rakyan, Founder, RAW Pressery said, “RAW Pressery will greatly benefit from the valuable experience of reputed investors like Sequoia, Saama Capital and DSGCP. With this fund-raise we aim to make our fresh beverages more accessible, available and affordable. We will add 8 more juices and smoothies ranging from Rs.50 to Rs.150 to cater to our young conscious audience. Our distribution footprint will scale rapidly to 12 cities and cover modern trade, institutions, HORECA and direct-to-home channels. The continuous involvement and support of our investors reinforces our vision to be India’s leading clean-label beverage brand in a rapidly growing global market.”
RAW Pressery is currently available in 7 cities – Mumbai, Delhi, Bangalore, Pune, Gurgaon, Hyderabad and Chennai at over 300 points of sale. It will expand its presence to 12 cities and 1500-1800 points of sale in FY17.