STARTUPS

Beverages Start-ups Gets $15 Mn From Belgian Fund Verlinvest

Punjab-based beverages start-ups Lahori has raised USD 15 million from Belgium-based consumer-focused investor Verlinvest for a minority stake.

Lahori co-founder and Chief Executive Saurabh Munjal said the company would use the fund to double down on growth through offline and online expansion and expand its retail presence apart from the development of new category-creating products.

Verlinvest is a leading global, family-owned evergreen investment group with multi-billion dollar assets under management backed by families who have together built one of the world’s largest consumer beverage businesses.

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