About Proost69
Proost69 is a Consumer company based in Gurugram (India) founded in 2017 by Tarun Bhargava and Vijay Sharma. Brand of beer and spirits. Proost69 has raised $8.89 million across 8 funding rounds from investors including Angel List, GetVantage and Mumbai Angels. The company has 33 employees. Proost69 was last valued at $27.09 million in November 2024. Its chief executive, as recorded, is Tarun Bhargava. Its Indian entity Grano69 Beverages Private Limited reported revenue of ₹116 Cr. Its focus areas include Food and Agriculture, Alcoholic Beverage Products, Beer and Consumer Goods. Its competitors include John Distilleries, United Breweries and Geist; 1 of its 3 listed competitors has raised funding.
Company details
Proost was established in 2017 in Gurugram, India, as a brand within the alcoholic beverages sector. Various beer varieties, such as whiteale, mild lager, and domestic strong, are produced and distributed. Spirits are also included in the portfolio. Operations focus on domestic markets, with leadership provided by co-founders Tarun Bhargava as CEO and Vijay Sharma as Managing Director. The companys domain is proost69.com.
- Headquarters Gurugram, India
- Employees 33
- Founders Tarun Bhargava, Vijay Sharma
- Stage Minicorn
- SectorsConsumer
- Email••••••••
- Website proost69.com
- Social LinkedIn X Facebook Instagram
- Legal Name Grano69 Beverages Private Limited
- Date of Incorporation 09 Oct, 2017
- Jurisdiction Delhi, India
- Annual Revenue₹116 Cr
FY 2025 · +174% YoY
- Net Loss-₹4.57 Cr
FY 2025 · -4% margin
- EBITDA₹6.4 Lakh
FY 2025 · 0% margin
- Total Equity Funding$8.89M (USD)
in 8 rounds
- Latest Funding Round$3.5M (USD), Series A
Nov 2024
- InvestorsAngel List
& 54 more
- Employee Count33
Associated legal entities of Proost69
Proost69 operates through Grano69 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 |
|---|---|---|---|---|---|---|---|
| Grano69 Beverages Private Limited CIN U15549DL2017PTC324644 | Active | 09 Oct 2017 | Delhi, Delhi | ₹116 Cr | 33 | 2 | View details |
Funding Insights of Proost69
Proost69 has successfully raised a total of $8.89M across 8 strategic funding rounds. The most recent funding activity was a Series A round of $3.5 million completed in November 2024. 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 $8.89M
- Total Rounds 8
- Last Round Series A — $3.5M
- First Round $360,000
(Nov 2021)
- Investors Count 55
All 8 funding rounds of Proost69 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 |
|---|---|---|---|---|---|
| Nov 2024 | $3.5M | Series A | $27.09M | Chimes Group, Srinivasan Namala | |
| Nov 2023 | $153,746 | Seed | – | Ranganathan, Lakshmi Narayanan | |
| Oct 2023 | Debt – Conventional | – | – | – | |
| Oct 2023 | $3M | Seed | – | Chimes Group, TCA | |
| Apr 2023 | Debt – Conventional | – | – | – | |
| Mar 2023 | $1.55M | Seed | $12.05M | Mumbai Angels, Hyderabad Angels | |
| Aug 2022 | $325,452 | Seed | $••••• | Mansi Parashar | |
| Nov 2021 | $360,000 | Seed | $••••• | Dauble |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2024 | $27.09M | •••••••• |
| Mar 2023 | $12.05M | •••••••• |
| Aug 2022 | $••••• | •••••••• |
| Nov 2021 | $••••• | •••••••• |
Full valuation and stage history of Proost69
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $27.09M (Nov 2024). 55 investors in total: 20 institutional and 35 angel.
Investors in Proost69
Proost69 has secured backing from 55 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, GetVantage and Mumbai Angels.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech & offline focused business group operating its own growth stage corporate VC arm in India | chimesgroup.in | Gurugram, India | ||
Angel network investing in early-stage companies | 2010 | hyderabadangels.in | Hyderabad, India | |
Angel network focused on multiple sectors | 2007 | thechennaiangels.com | Chennai, India | |
Venture capital funding, wealth management, and startup investment services in India. | 2022 | finvolve.co | Gurugram, India | |
Startup acceleration, funding, and mentorship services are delivered by India Accelerator. | 2017 | indiaaccelerator.co | Gurugram, India | |
Early-stage venture investments are facilitated by Mumbai Angels network. | 2006 | mumbaiangels.com | Mumbai, India | |
| speedfund.in | ||||
Investment platform for building investor communities and facilitating startup deals. | 2022 | soonicornventures.com | Gurugram, India | |
Private equity firm focused on logistics, transportation, industrial real estate, and technologies | 1979 | agility.com | Khemisset, Morocco | |
| vijaypsharmaandfamily.tcc.mode |
Investor details for Proost69
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Board of directors of Grano69 Beverages Private Limited (Proost69)
Grano69 Beverages Private Limited is the primary company behind Proost69. The board of Grano69 Beverages Private Limited currently have 2 directors; the longest-serving is Vijay Prakash Sharma, appointed in 2017.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vijay Prakash Sharma DIN 05351810 | Director | 09 Oct 2017 | 9 yrs | Grano69 Beverages Private Limited |
| Tarun Bhargava DIN 07124669 | Director | 09 Oct 2017 | 9 yrs | Grano69 Beverages Private Limited |
People of Proost69
2 people are tracked at Proost69 (2 in leadership); the tracked headcount is 33.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder & Managing Director | Leadership |
Complete people profiles for Proost69
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Verified entity values are shown only after access is granted.
Financials of Proost69
Figures of Grano69 Beverages Private Limited, the primary company behind Proost69, for FY 2025. Revenue was ₹116 Cr (+174% year on year). Net loss was -₹4.57 Cr (-4% margin). EBITDA was ₹6.4 Lakh (0% margin). Revenue has grown at a compounded annual rate of +150% over three years and +104% over five years.
- ₹116 CrRevenue · FY 2025 · +174% YoY
- -₹4.57 CrNet loss · -4% margin
- ₹6.4 LakhEBITDA · 0% margin
- ₹5.50 CrPaid-up capital
- 33Employees (provident fund records)
- +150%Revenue CAGR, 3 years
- +104%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Grano69 Beverages Private Limited are on its company page.
Detailed financial statements for Proost69
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Proost69
4 dated milestones of Proost69 across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Proost69 is founded.
- Funding First funding round of $360K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $3.5M.
Competitors of Proost69
Proost69 has 3 listed competitors in our database, 1 of them funded. They include John Distilleries, United Breweries and Geist.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jdl.in | 1996 | Bengaluru, India | 721 | Brand of whiskey, rum, brandy, and wines | ||
| unitedbreweries.com | 1915 | Bengaluru, India | 64 | Processed beverages are manufactured and marketed globally by United Breweries. | ||
| geist.in | 2005 | Bengaluru, India | $8.31M | 261 | Craft beer is manufactured, distributed, and retailed by Geist. |
Detailed competitors of Proost69
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Top companies in Alcoholic & Tobacco Products
2 companies that operate in the same segment as Proost69 (Alcoholic & Tobacco Products) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Flavored craft beers are produced and distributed by Bira 91. | 2015 | Delhi, Delhi, India | USD 456.92 M | USD 105.75 M | 1,020 | |
Brand of multi-category alcoholic spirits | 2017 | Delhi, Delhi, India | USD 9.83 M | USD 3.99 M | 54 |
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Related news about Proost69
Complete news archive for Proost69
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Frequently Asked Questions about Proost69
Proost69 was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Proost69 is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Tarun Bhargava is the CEO of Proost69, as recorded in our data. They have also founded this company.
Proost69 is a funded company, having raised a total of $8.89M across 8 funding rounds to date. The company's 1st funding round was a Seed of $360K, raised on Nov 2021.
Proost69 has 33 employees.
The primary company behind Proost69, Grano69 Beverages Private Limited, reported revenue of ₹116 Cr for FY 2025, up 174% year on year.
Proost was established in 2017 in Gurugram, India, as a brand within the alcoholic beverages sector. Various beer varieties, such as whiteale, mild lager, and domestic strong, are produced and distributed. Spirits are also included in the portfolio. Operations focus on domestic markets, with leadership provided by co-founders Tarun Bhargava as CEO and Vijay Sharma as Managing Director. The companys domain is proost69.com.
Proost69's top competitors include John Distilleries, United Breweries and Geist.
Proost69 has 55 investors. Key investors include Angel List, GetVantage, Mumbai Angels, Agility, and Lepton Software.
The valuation of Proost69 is $27.09M as of Nov 2024.
Proost69 operates through Grano69 Beverages Private Limited.
The legal entities of Proost69 currently have 2 directors, including Vijay Prakash Sharma, Tarun Bhargava.