
Sanjay Ghodawat Group’s FMCG arm Ghodawat Consumer Ltd (GCL) acquired Mumbai-based beverage startup Coolberg for an undisclosed amount.
As part of the agreement, Coolberg’s team will join GCL and assist in the development of a portfolio of new-age premium beverage brands. Coolberg raised $3.5 million in a Series A funding round led by Singapore-based RB Investments and India Quotient almost three years ago. GCL claims to have made INR 1,400 Cr in revenue in FY21-22 and aims to make INR 2000 Cr in annual revenue by FY23.








