About Coolberg
Coolberg is a Consumer company based in Mumbai (India) founded in 2016 by Yashika Keswani and Pankaj Aswani, and was acquired by Ghodawat Consumer in November 2022. Non-alcoholic beer is offered under private label by Coolberg. It operates on a Direct-to-Consumer (D2C) and Reseller / Distribution model in Consumer and Retail sectors. Coolberg has raised $5.49 million across 3 funding rounds from investors including JK Cement, Suashish and Sara Group. The company has 216 employees. Coolberg was last valued at $13.97 million in September 2021. Its chief executive, as recorded, is Pankaj Aswani. Its website coolberg.in draws about 18 thousand monthly visits. Its Indian entity Coolberg Beverages Private Limited reported revenue of ₹24.85 Cr. Coolberg offers products and services including Coolberg Malt Non Alcoholic Beer, Coolberg Cranberry Non Alcoholic Beer, Coolberg Ginger Non Alcoholic Beer, Coolberg Mint Non Alcoholic Beer, and Coolberg Peach Non Alcoholic Beer. Its focus areas include Food & Beverage, Non-Alcoholic Beverages and Craft Beer Alternatives.
Company details
Non-alcoholic beers are crafted and sold by Coolberg, focusing on a variety of refreshing flavors like malt, cranberry, and ginger. The company operates in the beverage sector, offering alternatives to traditional beer with 0.0 alcohol content. Solutions are provided for social gatherings and personal enjoyment, ensuring full flavor without alcohol. Distribution is facilitated through direct-to-consumer channels and partnerships with platforms like Amazon and Flipkart.
- Headquarters Mumbai, India
- Employees 216
- Founders Yashika Keswani, Pankaj Aswani
- Stage Acquired
- SectorsConsumerRetail
- Website category Food and Drink · Restaurants and Delivery
- Email••••••••
- Phone•••• ••••
- Website coolberg.in
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Ghodawat Consumer (Nov 2022)
- Legal Name Coolberg Beverages Pvt. Ltd.
- Date of Incorporation 07 Dec, 2016
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹24.85 Cr
FY 2025 · +838% YoY
- Net Loss-₹20.8 Lakh
FY 2025 · -1% margin
- EBITDA-₹20.6 Lakh
FY 2025 · -1% margin
- Total Equity Funding$5.49M (USD)
in 3 rounds
- Latest Funding Round$1.16M (USD), Series B
Sep 2021
- InvestorsJK Cement
& 61 more
- Employee Count216
- Acquired byGhodawat Consumer
(Nov 2022)
Associated legal entities of Coolberg
Coolberg operates through Coolberg Beverages Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Coolberg Beverages Private Limited CIN U15114MH2016PTC288228 | Active | 07 Dec 2016 | Mumbai, Maharashtra | ₹24.8 Cr | 216 | 4 | View details |
Products & Services of Coolberg
Coolberg offers a comprehensive portfolio of products and services, including Coolberg Malt Non Alcoholic Beer, Coolberg Cranberry Non Alcoholic Beer, Coolberg Ginger Non Alcoholic Beer, Coolberg Mint Non Alcoholic Beer, and Coolberg Peach Non Alcoholic Beer.
Non-alcoholic beer with classic malt flavor is offered.
Non-alcoholic beer with refreshing cranberry taste is provided.
Non-alcoholic beer with balanced ginger flavor is available.
Non-alcoholic beer with cool mint essence is sold.
Non-alcoholic beer with sweet peach flavor is offered.
Non-alcoholic beer with fruity strawberry taste is provided.
Apps and channels of Coolberg
its YouTube channel Coolberg Non-Alcoholic Beer has 1.88K subscribers and 9 videos.
Videos from Coolberg
The most watched videos on Coolberg's YouTube channel, Coolberg Non-Alcoholic Beer (1.88K subscribers). Click a video to play it here.
More on Coolberg Non-Alcoholic Beer.
Funding Insights of Coolberg
Coolberg has successfully raised a total of $5.49M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $1.16 million completed in September 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5.49M
- Total Rounds 3
- Last Round Series B — $1.16M
- First Round $808,037
(Jul 2018)
- Investors Count 61
All 3 funding rounds of Coolberg with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2021 | $1.16M | Series B | $13.97M | Mehta Ventures, 2am VC | |
| May 2019 | $3.52M | Series A | – | RB Investments, India Quotient | |
| Jul 2018 | $808,037 | Seed | $2.23M | India Quotient |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2021 | $13.97M | •••••••• |
| May 2019 | $2.9M | •••••••• |
| Jul 2018 | $••••• | •••••••• |
Full valuation and stage history of Coolberg
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $13.97M (Sep 2021). 62 investors in total: 21 institutional and 41 angel.
Investors in Coolberg
Coolberg has secured backing from 62 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include JK Cement, Suashish and Sara Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in multi-stage tech-focused startups. | rbworld.com | Singapore, Singapore | ||
Investment in Indian startups across technology and fintech sectors. | 2012 | indiaquotient.in | Mumbai, India | |
Investments in early-stage startups, with a focus on India and global networks. | 2018 | mehtaventures.co | Mumbai, India | |
Early-stage venture funding for sector-agnostic startups in India. | 2021 | 2amvc.com | Mumbai, India | |
Venture capital firm backed by Bala Chandra | 1999 | vernaliscapital.com | Chennai, India | |
Private equity investments are directed toward multiple sectors. | sivaswamyholdings.tcc.mode | Thane, India | ||
Conglomerate involved in Jewellery trading, realestate & investments in private startups | 1988 | suashish.com | Mumbai, India | |
Investment in renewable energy and startups in India. | 2012 | artha.ventures | Mumbai, India | |
Early-stage investments in diverse sectors are targeted by the firm. | motivatedmindswealth.tcc.mode | Mumbai, India | ||
Venture capital investments and support for startups in sectors like AI and healthcare. | 2017 | ian-fund.com | Kolkata, India |
Investor details for Coolberg
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Coolberg Beverages Private Limited (Coolberg)
Coolberg Beverages Private Limited is the primary company behind Coolberg. The board of Coolberg Beverages Private Limited currently have 4 directors; the longest-serving is Pankaj Aswani, appointed in 2016. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pankaj Aswani DIN 07629987 | Director | 07 Dec 2016 | 9 yrs 10 mo | Coolberg Beverages Private Limited |
| Yashika Keswani DIN 07629996 | Director | 07 Dec 2016 | 9 yrs 10 mo | Coolberg Beverages Private Limited |
| Anirudh Agarwal DIN 06764607 | Director | 30 Jul 2018 | 8 yrs 2 mo | Coolberg Beverages Private Limited |
| Salloni Shrenik Ghodawat DIN 07393697 | Director | 23 Feb 2023 | 3 yrs 8 mo | Coolberg Beverages Private Limited |
People of Coolberg
29 people are tracked at Coolberg (5 in leadership, 24 in team); the tracked headcount is 216.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
| Co-Founder & CEO | Leadership | |
Atul Sharma | Regional Business Head - Central India | Leadership |
Manal Dadge | Business Head - Commercial Alliances, E-commerce & National Horeca | Leadership |
Sourav Bikash Rana | Head - Business Strategy | Leadership |
Sachin Pandey | Market Development Manager | Team |
Suman Saha | Business Development Executive | Team |
Mohammed Afsar | Sales And Marketing Specialist | Team |
Rajeshree Patel | Marketing Manager | Team |
Shubham Prajapati | Sales And Marketing Specialist | Team |
Deepak Solanki | Business Development Manager | Team |
sandip dey | Business Development Manager | Team |
umesh tripathi | Area Sales Manager | Team |
Abhijeet Lambhate | Sales Analyst | Team |
Himanshu Chawla | Sales Officer | Team |
Kartvya Nighojkar | Area Sales Manager | Team |
AJAY MAHADIK | Sr. Operations Manager MT & E-commerce | Team |
Evance Olare | Country Manager - Kenya | Team |
Jatin Chauhan | Area Sales Manager | Team |
Rajesh Dubey | Sales Executive | Team |
9 more people are available in the full profile.
Complete people profiles for Coolberg
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Coolberg
Figures of Coolberg Beverages Private Limited, the primary company behind Coolberg, for FY 2025. Revenue was ₹24.85 Cr (+838% year on year). Net loss was -₹20.8 Lakh (-1% margin). EBITDA was -₹20.6 Lakh (-1% margin). Revenue has grown at a compounded annual rate of 0% over three years and -2% over five years.
- ₹24.85 CrRevenue · FY 2025 · +838% YoY
- -₹20.8 LakhNet loss · -1% margin
- -₹20.6 LakhEBITDA · -1% margin
- ₹3.4 LakhPaid-up capital
- 216Employees (provident fund records)
- 0%Revenue CAGR, 3 years
- -2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Coolberg Beverages Private Limited are on its company page.
Detailed financial statements for Coolberg
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Coolberg
5 dated milestones of Coolberg across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Coolberg is founded.
- Funding First funding round of $808K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $1.2M.
- Exit Acquired by Ghodawat Consumer.
Web traffic of Coolberg
The website of Coolberg (coolberg.in) receives about 18.2K visits a month and ranks #1,228,152 among all websites worldwide, #10,315 in Restaurants and Delivery.
- Monthly visits18.2K
▼ 13.7% vs previous month
- Unique visitors11.5K
per month
- Global rank#1,228,152
among all websites
- Category rank#10,315
Food and Drink · Restaurants and Delivery
- Bounce rate34%
- Pages per visit2.1
- Average visit23 sec
- DevicesDesktop 13% · Mobile 87%
Websites whose visitors overlap most with Coolberg. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| drinkjimmys.com | 100% | 18K | #1,301,389 | View details | |
lomejordelagastronomia.com | lomejordelagastronomia.com | 89% | – |
Top companies in Food & Beverage Products & Processing
3 companies that operate in the same segment as Coolberg (Food & Beverage Products & Processing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform offering a subscription-based delivery service for fresh milk and groceries | 2015 | Gurugram, Haryana, India | USD 228.42 M | USD 99.78 M | 3,464 | |
Subscription-based coffee products are offered by an internet-first brand. | 2013 | Gurugram, Haryana, India | USD 112.84 M | USD 25.83 M | 2,059 | |
Meat and seafood products are delivered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 564.84 M | USD 97.26 M | 2,828 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Coolberg
Complete news archive for Coolberg
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Coolberg
Coolberg was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Coolberg is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Pankaj Aswani is the CEO of Coolberg, as recorded in our data. They have also founded this company.
Coolberg is a funded company, having raised a total of $5.49M across 3 funding rounds to date. The company's 1st funding round was a Seed of $808.04K, raised on Jul 2018.
Coolberg has 216 employees.
The primary company behind Coolberg, Coolberg Beverages Private Limited, reported revenue of ₹24.85 Cr for FY 2025, up 838% year on year.
Non-alcoholic beers are crafted and sold by Coolberg, focusing on a variety of refreshing flavors like malt, cranberry, and ginger. The company operates in the beverage sector, offering alternatives to traditional beer with 0.0 alcohol content. Solutions are provided for social gatherings and personal enjoyment, ensuring full flavor without alcohol. Distribution is facilitated through direct-to-consumer channels and partnerships with platforms like Amazon and Flipkart.
Coolberg offers Coolberg Malt Non Alcoholic Beer, Coolberg Cranberry Non Alcoholic Beer, Coolberg Ginger Non Alcoholic Beer, Coolberg Mint Non Alcoholic Beer, and 2 more products and services.
Coolberg has 62 investors. Key investors include JK Cement, Suashish, Sara Group, Indian Angel Network Fund, and Artha India Ventures.
The valuation of Coolberg is $13.97M as of Sep 2021.
Coolberg operates through Coolberg Beverages Private Limited.
Yes. Coolberg was acquired by Ghodawat Consumer in November 2022.