About Coolberg
Coolberg is a company based in Mumbai (India) founded in 2016 by Yashika Keswani and Pankaj Aswani was acquired by Ghodawat Consumer in November 2022. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. Coolberg has raised $5.49 million across 3 funding rounds from investors including JK Cement, Suashish and Sara Group. The company has 216 employees as of March 29, 2024. 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.
- Headquarter Mumbai, India
- Employees 216 as on 29 Mar, 2024
- Founders Yashika Keswani, Pankaj Aswani
- Stage Minicorn
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Sectors
ConsumerRetail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Coolberg Beverages Pvt. Ltd.
- Date of Incorporation 07 Dec, 2016
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$3.04 M (USD)0.37as on Mar 31, 2022
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Net Profit
$-1.8 M (USD)-66.71as on Mar 31, 2022
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EBITDA
$-1.74 M (USD)-67.17as on Mar 31, 2022
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Total Equity Funding
$5.49 M (USD)
in 3 rounds
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Latest Funding Round
$1.16 M (USD), Series B
Sep 08, 2021
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Investors
JK Cement
& 61 more
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Employee Count
216
as on Mar 29, 2024
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Acquired by
Ghodawat Consumer
(Nov 28, 2022)
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 Total Funding
- Total Rounds 3
- Last Round Series B — $1.2M
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First Round
First Round
(29 Jul 2018)
- Investors Count 61
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series B - Coolberg | Valuation | Mehta Ventures , 2am VC | |
| May, 2019 | Amount | Series A - Coolberg | Valuation | RB Investments , India Quotient | |
| Jul, 2018 | Amount | Seed - Coolberg | Valuation | India Quotient |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are made in multi-stage tech-focused startups.
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Founded Year | Domain | Location | |
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Investment in Indian startups across technology and fintech sectors.
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Founded Year | Domain | Location | |
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Investments in early-stage startups, with a focus on India and global networks.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Coolberg
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Coolberg
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Coolberg Comparisons
Competitors of Coolberg
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Coolberg
Frequently Asked Questions about Coolberg
When was Coolberg founded?
Coolberg was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Coolberg located?
Coolberg is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Coolberg?
Pankaj Aswani is the current CEO of Coolberg. They have also founded this company.
Is Coolberg a funded 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 29, 2018.
How many employees does Coolberg have?
As of Mar 29, 2024, the latest employee count at Coolberg is 216.
What is the annual revenue of Coolberg?
Annual revenue of Coolberg is $3.04M as on Mar 31, 2022.
What does Coolberg do?
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.
What products or services does Coolberg offer?
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.
Who are Coolberg's investors?
Coolberg has 62 investors. Key investors include JK Cement, Suashish, Sara Group, Indian Angel Network Fund, and Artha India Ventures.
What is Coolberg's valuation?
The valuation of Coolberg is $13.97M as of Sep 2021.