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Coolberg raises seed funding led by India Quotient Fund, Indian Angel Network's maiden fund

The startup was founded by Pankaj Aswani and Yashika Keswani in 2016.

August 01, 2018 / 07:33 PM IST

Mumbai-based startup Coolberg has raised an undisclosed amount as a seed funding from India Quotient Fund and the Indian Angel Network’s maiden fund for further expansion.

The round was led by Sanjay Mehta and Anirudh Agarwal of Indian Angel Network and Madhukar Sinha from India Quotient Fund.  Both Anirudh and Madhukar will join the board of Coolberg.

“Raising this investment from IQ and IAN Fund will help us in spreading brand awareness along with deeper market penetration. Our aim is to provide our customers a drink that is different from what they’ve been consuming and stuck on for years. Indian customers are more open to new and quality products than ever before,” said Pankaj Aswani, co-founder, Coolberg.

The startup was conceptualised by Pankaj Aswani and Yashika Keswani with an aim to provide innovative product to enjoy during celebrations, hang-outs, casual meetings.