Paper Boat

Based in Bengaluru, Karnataka, India, and founded in 2009, by Neeraj Kakkar, Neeraj Biyani, Suhas Misra, and James Nuttall, Hector Beverages Private Limited, doing business as Paper Boat, is a manufacturer of traditional Indian beverages and foods. The company started its business with the production of protein drink, Frissia, followed by the energy drink Tzinga in 2011, and eventually, the company shifted its focus to the ethnic drinks segment, and in March 2013, it launched the fruit pulp-based brand, Paper Boat. As of July 2021, Neeraj Kakkar is the CEO of the company and has manufacturing facilities in Mysuru and in Manesar, Gurgaon. The company operates with an aim to bring back traditional Indian beverages into the modern generation and offers a portfolio of ethnic drinks such as jaljeera, aamras, kokum, jamun, aam panna, imli ka amlana, panakam, serbet-e-khaas, rose tamarind, and golgappe ka paani. The firm initially offered the drinks in single-serving pouches, and now broadened its packaging to one liter Tetra Prisma Aseptic cartons as well, which enhanced its reach to the multi-serve category. Paper Boat began its traditional food segment in 2016, with the introduction of the Indian snack, peanut chikki, and expanded its products with the addition of panipuri pellets, almond bar, and dry fruit chikki. Additionally, as a part of the firm’s marketing activity, Paper Boat has published reprints of Three Men in a Boat, and Jungle Book, and offered it as a giveaway to its customers along with beverages in gift boxes, and seasonal sales offer. The company generated INR 235 crore revenue in the financial year 2020.E, and Malaysia.

1. Series C

   Jul 1, 2020

   Amount

   $3.8M

   Investors

   Locked

2. Series C

   May 22, 2015

   Amount

   $29M

   Investors

   Locked

3. Series B

   Aug 11, 2012

   Amount

   $6.9M

   Investors

   Locked

4. Series A

   Dec 6, 2010

   Amount

   $1.4M

   Investors

   Locked