Liquor startup Boutique Spirit Brands raises Rs 80 crore, Retail News, ET Retail
“The investment will help launch new products, expand and expand the business footprint as well as services to customers across India,” he added.
TradeCred, India’s largest alternative debt platform, entered as a debt partner with Rs 60 crore.
Established in 2016, Boutique Spirit Brands (BSB) is a multi-category spirits brand specializing in the manufacture of branded alcoholic beverages in India.
“The investment comes at a time when we have big plans to launch premium spirits across the country. The closing of the financing in such a short period of time is a testament to the fact that investors see a lot of potential in it. our company and have confidence in our team and faith in our vision for expansion, ”said Rahul Gagerna, Founder and CEO of Boutique Spirit Brands.
Boutique Spirit previously raised Rs 6.8 crore in seed funding from KAE Capital in 2018.