11.8 C
New York
Wednesday, December 2, 2020
Home Trends Paper Boat raises Rs 30 Cr From Trifecta and others

Paper Boat raises Rs 30 Cr From Trifecta and others

Paper Boat, which is an eCommerce platform for the snacks and beverages, has now secured INR 30 crore in the two different rounds from the Trifecta Venture, Advent Management, and A91 Emerging Fund.

Gurugram based Hector Beverages, Paper Boat Parent’s company secured INR 10 crore in debt from the Trifecta in the month of February 2020. As a part of this deal, Hector Beverages issued 100 debentures to Trifecta at INR 10 lakh per debenture, according to the report.

According to the report, A91 has invested an initial tranche of $1.45 million in Hector on the 20th of March as a part of an ongoing round.

The company which is founded by the ex-Coca Cola India executive Neeraj Biyani and Neeraj Kakkar, Hector beverages initially came up with an energy drink called by the name Tzinga.

Apart from the package’s juices, the startup is now clicking other FMCG segments and into the Tier II and III regions. Paper Boat recently launched some traditional snacks such as sesame chikki, aam papad, peanut Chikki, among others in small size assortments.

The post Paper Boat raises Rs 30 Cr From Trifecta and others appeared first on TechStory.

Source: Techstory


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Modi should directly hold talks With protesting farmers but he wont, He never had a single press conference in last 6 years, not even...

The Centre must suspend the three "black" farm laws without delay and Prime Minister Narendra Modi should directly hold talks with the protesting farmers,...

Burger king India raises close to $50 million from its Day 1 of IPO, issue fully subscribed with retail portion booked 9.4 times; receives...

Burger King India limited, in its first initial public offering (IPO), has subscribed 1.8 times so far in its 1 st day of the bidding. Burger...

Covaxin Phase-3 trials begins in Karnataka & Kolkata

Karnataka is fully prepared for the distribution of COVID-19 vaccine, Health and Medical Education Minister K Sudhakar said on Wednesday, as phase-III clinical trial...

GDP growth to enter positive territory in Q4: Niti VC

The Indian economy is coming out of the pandemic-induced degrowth and GDP growth will enter the positive territory in the fourth quarter of this...

Recent Comments

%d bloggers like this: