Non-alcoholic beer maker Coolberg Beverages Pvt. Ltd has raised an undisclosed seed amount from venture capital firm India Quotient and Indian Angel Network’s (IAN’s) maiden fund. The company intends to use the funds for expansion.
Mumbai-based Coolberg seeks to tap into the sizeable portion of the Indian population that does not consume alcohol.
The company has a presence in more than 75 cities across 18 states. Its beer products come in flavours such as mint, strawberry, cranberry and peach.