RAW Pressery, a Mumbai, India-based clean-label beverage company, secured $6m in Series C funding.
Backers included Sequoia India, Saama Capital and DSG Consumer Partners.
The company intends to use the funds for capital expenditure in its cold chain logistics infrastructure as well as for other operating expenses such as expanding headcount and for marketing to go to the Middle East market, specifically in countries such as the United Arab Emirates and Saudi Arabia. It also plans to launch dairy products.
Founded in 2014 by Managing Director Anuj Rakyan, RAW Pressery offers juices, soups, smoothies, nut milk and hydration (coconut water, lemonade) in 15 cities in India, in Dubai, Abu Dhabi and Doha.
In India, Raw is available at 1,600 points of sale.
FinSMEs
26/10/2017