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Goa-based alcobeverage startup Latambarcem Brewers (LB Brewers) has raised $1.5 Mn (INR 12.5 Cr) in its pre-Series A funding round led by LBB Investor SPV (special purpose vehicle), a group of ultra-high-net-worth angel investors

The startup said it will use the funding to expand its presence in the country and increase manufacturing capacity. LB Brewers also plans to deploy the funds to grow its team, bolster its marketing efforts, and strengthen supply chain infrastructure.

Founded in 2017 by Aditya Ishan Varshnei and his brother Anish Varshnei, LB Brewers is a vertically integrated beverage company. Its portfolio includes craft beer brand Maka Di and Borecha, a functional beverage line

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Alcobev startup LB Brewers Funding $1.5 million pre-Series A round LBB Investor SPV Dhruv Agarwala Sheba Venture Holdings craft beer functional beverages Indian startup beverage industry Business News Startup Funding Investment venture capital