# Proost69

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/proost69

- Industry: Consumer Products
- Headquarters: Haryana, India
- Website: www.proost69.com
- Total disclosed funding: $4.9M
- Latest round: Series A (Nov 26, 2024)
- Investors on record: 10

## About

Based in Haryana, India, and founded in 2017 by CEO Tarun Bhargwa, and Vijay P Sharma, Grano69 Beverages Pvt Ltd, d.b.a. Proost69 operates as a craft beer company that focuses on producing people to the taste of freshly brewed beer. In November 2024, Proost69 raised INR 300 million in series A funding co-led by returning investor Chimes Group and an individual investor, with participation from other returning investors Hyderabad Angels and The Chennai Angels. Other individual investors also participated in the round.

The company offers three distinct flavors of beer, which are The White Ale, The Mild Lager, and The Domestic Strong Beer. The White Ale is a classic ale infused with vanilla and orange zest, finished with a hint of coriander. The Mild Lager is a rich and hoppy beer with a maltiness that satisfies taste buds. The Domestic Strong Beer is a crisp, strong lager designed especially for the Indian audience. Proost69 plans to use its proceeds from October 2023 funding to support its market expansion and production capabilities development.

## Funding rounds

- Series A, Nov 26, 2024, $3.4M — Chimes Group
- Series A, Mar 28, 2023, $1.5M — Mumbai Angels, Hyderabad Angels, The Chennai Angels, India Accelerator, AngelList, Agility Venture Partners, One Mind, Finvolve, AL trust, Chimes Group

## Investors

- Mumbai Angels (https://capitalatlas.ai/funds/mumbai-angels) — Series A
- Hyderabad Angels (https://capitalatlas.ai/funds/hyderabad-angels) — Series A
- The Chennai Angels (https://capitalatlas.ai/funds/the-chennai-angels) — Series A
- India Accelerator (https://capitalatlas.ai/funds/india-accelerator) — Series A
- AngelList — Series A
- Agility Venture Partners (https://capitalatlas.ai/funds/agility-venture-partners) — Series A
- One Mind (https://capitalatlas.ai/funds/one-mind) — Series A
- Finvolve (https://capitalatlas.ai/funds/finvolve) — Series A
- AL trust — Series A
- Chimes Group (https://capitalatlas.ai/funds/chimes-group) — Series A