About Proost69
Proost69 is a company based in Gurugram (India) founded in 2017 by Tarun Bhargava and Vijay Sharma. Proost69 has raised $8.89 million across 8 funding rounds from investors including Angel List, GetVantage and Mumbai Angels. The company has 33 employees as of March 22, 2024. Proost69 operates in a competitive market with competitors including Diageo, John Distilleries, United Breweries, Geist and SOM Group of Companies, among others.
- Headquarter Gurugram, India
- Employees 33 as on 22 Mar, 2024
- Founders Tarun Bhargava, Vijay Sharma
- Stage Minicorn
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Sectors
Consumer
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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 Grano69 Beverages Private Limited
- Date of Incorporation 09 Oct, 2017
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$2.66 M (USD)200.81as on Mar 31, 2023
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Net Profit
-$336.2 K (USD)-46.75as on Mar 31, 2023
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EBITDA
-$217.77 K (USD)-6.93as on Mar 31, 2023
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Total Equity Funding
$8.89 M (USD)
in 8 rounds
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Latest Funding Round
$3.5 M (USD), Series A
Nov 07, 2024
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Investors
Angel List
& 54 more
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Employee Count
33
as on Mar 22, 2024
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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.
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.
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Tech & offline focused business group operating its own growth stage corporate VC arm in India
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Angel network investing in early-stage companies
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Angel network focused on multiple sectors
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Investor details for Proost69
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Investments & Acquisitions by Proost69
Investment portfolio details for Proost69
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Financial Statements - Proost69
Detailed financials for Proost69
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Proost69 Comparisons
Peer comparison for Proost69
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Competitors of Proost69
Proost69 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Diageo, John Distilleries, United Breweries, Geist and SOM Group of Companies, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Multi-category alcoholic beverage company
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Brand of whiskey, rum, brandy, and wines
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Processed beverages are manufactured and marketed globally by United Breweries.
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Craft beer is manufactured, distributed, and retailed by Geist.
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Liquor is processed and managed by SOM Group of Companies.
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Craft beers and functional beverages are produced artisanally.
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Detailed competitors of Proost69
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Latest news on 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 current CEO of Proost69. They have also founded this company.
Proost69 is a funded company, having raised a total of $8.89M across 8 funding rounds to date.
As of Mar 22, 2024, the latest employee count at Proost69 is 33.
Annual revenue of Proost69 is $2.66M as on Mar 31, 2023.
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 Diageo, John Distilleries and United Breweries.
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.