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.
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.
People of Coolberg
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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.
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.
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Investment in Indian startups across technology and fintech sectors.
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Investments in early-stage startups, with a focus on India and global networks.
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Investor details for Coolberg
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Investments & Acquisitions by Coolberg
Investment portfolio details for Coolberg
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Financial Statements - Coolberg
Detailed financials for Coolberg
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Coolberg Comparisons
Peer comparison for Coolberg
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Competitors of Coolberg
Detailed competitors of Coolberg
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Latest news on Coolberg
Complete news archive for Coolberg
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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 current CEO of Coolberg. They have also founded this company.
Coolberg is a funded company, having raised a total of $5.49M across 3 funding rounds to date.
As of Mar 29, 2024, the latest employee count at Coolberg is 216.
Annual revenue of Coolberg is $3.04M as on Mar 31, 2022.
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.