Brewhouse gets $2 mn funding from Singapore based co.

The maker of bottled ice tea brand Brewhouse, has secured a loan of USD 2 million from Singapore based FMCG Group Food Empire Holdings, Positive Food Venture, the company said in a statement.

Food Empire Group had previously invested USD 6,00,000 in Positive Food Ventures in November 2017. This is the only consumer-facing business investment of the group in India, which has operations in over 24 countries, the company said.

“At Brewhouse, we are passionate about providing a better-tasting and healthier beverage option to consumers who are looking for alternatives to soft drinks. Currently, we are present at over 2,000 points of sale in major cities and are expanding our operation pan India. We plan to invest the loan amount from Food Empire Group towards expanding our reach to 10,000 points of sale in 2020 and to introduce newer and interesting variants”, said Siddharth Jain, Founder, Brewhouse.

The brand started operations in Delhi in May 2017 and has recently expanded to over 10 cities including Delhi, Chennai, Bangalore, Mumbai, Pune, Kolkata, Hyderabad, Jaipur, Chandigarh, Lucknow and are retailing with over 300 restaurant & café partners.

Source:-https://retail.economictimes.indiatimes.com/news/food-entertainment/food-services/brewhouse-gets-2-mn-funding-from-singapore-based-co-/66812145

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