Try out our Daily Quiz

Participate to win exciting prices worth ‎₹1000 every week

CLICK TO PARTICIPATE
Tue May 22 2018
| 4 months ago

Organic Juice Startup - Raw Pressery Raises $9.55 Mn In Funding

Try out our Daily Quiz

Participate to win exciting prices worth ‎₹1000 every week

CLICK TO PARTICIPATE

Mumbai-based organic juice startup Raw Pressery has secured $9.55 Mn in funding from its existing investors such as Sequoia Capital, Saama Capital and DSG Consumer Partners. According to an ET report, with this funding, the startup plans to expand its footprint to Southeast Asia and also strengthen its distribution and supply chain as it looks to scale up new offerings. Founder and CEO, Anuj Rakyan said, “We are looking to start a pilot of our operations in Southeast Asia starting with Singapore and then Kuala Lumpur. We will go live in these markets next year.” It is also in talks with family offices and institutional investors to raise an additional $5 Mn as part of this funding round, and this is likely to be closed in the next few months. An email query sent to Raw Pressery didn’t elicit any response till the time of publication. Post this funding, the total capital raised by the firm stands at about $22.33 Mn (INR 152 Cr), excluding the expected funding of $5 Mn (INR 34 Cr) that it is yet to be finalised.

Read More at inc42.com