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.
— Yourstory
Jerome Merchant & Partners advised
Desai & Diwanji Mumbai advised
Deal value: INR 40 Crores
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