Rage Coffee, an FMCG brand which focuses on coffee categories, has closed its latest round of funding led by Refex Capital, an early-stage venture capital firm, with participation from members of angel network - Keiretsu Forum Chennai, and a clutch of other prominent investors.
Founded in 2018 by Bharat Sethi, Swmabhan Commerce Private Limited, the parent company of Rage Coffee, is an FMCG company that manufactures, markets, and distributes coffee products such as crystallised coffee, which is infused with six plant-based vitamins.
Rage Coffee plans to capitalise on the currently untapped opportunity, driven by increasing disposable income and strong health and wellness trends.
The company said its products are retailed through its own website, all leading online platforms and over 400 touch points offline.
The company plans to quadruple sales, reach over 2.000 outlets by the end of 2020, and clock a significant chunk of sales from institutional & HoReCa business. | To read full story, visit https://startuparound.com/read/1578411006.8712428/[Funding-alert]-Rage-Coffee-gets-funding-from-TV-actor-Rannvijay-Singh,-Refex-Capital,-Keiretsu-Forum,-others?ref=audio_experience