Active Stocks
Tue Mar 19 2024 14:51:11
  1. Tata Consultancy Services share price
  2. 3,984.95 -3.86%
  1. Tata Steel share price
  2. 149.50 -0.07%
  1. Bharti Airtel share price
  2. 1,231.40 0.52%
  1. Power Grid Corporation Of India share price
  2. 260.20 -1.81%
  1. ITC share price
  2. 409.95 -1.78%
Business News/ Companies / Start-ups/  Bonhomia raises $500,000 from Valpro Capital, others
BackBack

Bonhomia raises $500,000 from Valpro Capital, others

Bonhomia looks to use the funds for strengthening its distribution and manufacturing capabilities

Bonhomia has already set up over 60 consumer experience zones across the country and plans to expand the same to more than 150 by the year end, given the strong consumer traction.Premium
Bonhomia has already set up over 60 consumer experience zones across the country and plans to expand the same to more than 150 by the year end, given the strong consumer traction.

Mumbai: Indulge Beverages Pvt. Ltd, which makes single-serve tea and coffee capsules under the brand name Bonhomia, has raised $500,000 in a bridge round of funding from Valpro Capital and existing investors.

It had raised $2 million from a group of angel investors in 2015. The company is currently in talks with potential strategic investors for an investment.

The New Delhi-based company, founded in 2013 by Kunal Bhagat and Tuhin Jain, is looking to use the funds for strengthening its distribution and manufacturing capabilities.

“Bonhomia has carved out a niche brand in the single-serve beverage segment and is poised at the ideal inflection point to capitalize on the aspirational consumption segment of urban India. Both Kunal and Tuhin are driving operations and strategy efficiently to capitalize on the strong foundation built by them," said Anshuman Khanna, director, Valpro Capital.

Bonhomia has already set up over 60 consumer experience zones across the country and plans to expand the same to more than 150 by the year end, given the strong consumer traction. The company’s capsules and brewing machines are available in retail stores like Croma, Foodhall, Hypercity and Godrej Nature’s Basket.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 14 Jun 2016, 05:39 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie