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JMP, Desai Diwanji get $5.6m IIFL funding for White Owl Brewery

Premium beer brand White Owl on Thursday said it has raised Rs 40 crore funding led by IIFL India Private Equity Fund, and supported by its existing investors. According to the company, the new funds will be used to deepen White Owl’s presence in its existing markets, expand the brand’s presence to new markets within India and abroad, as well as grow its portfolio to include both strong craft beer and kegged craft beer nationwide.

Jerome Merchant & Partners advised India Infoline Limited (IIFL) led by a team of partners Sameer Sibal and Shameek Ray along with associates Nirav Bakshi and Rishabh Gupta.

Desai & Diwanji Mumbai advised White Owl Brewery Private Limited led by partner Aneesh Gupte and associate Ashutosh Merchant.

Deal value: INR 40 Crores

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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