Latambarcem Brewers (LB Brewers), a prominent player in the natural functional beverage industry, has raised $1.5 million (Rs 12.5 crore) in a pre-Series A funding round. This round was co-led by SPV, Dhruv Agarwala, Sheba Venture Holdings, and other notable investors.
The infusion of fresh capital is aimed at accelerating LB Brewers’ growth and strengthening its position as a leader in the functional beverage market. “The fresh funds will boost its growth and solidify its position as a leader in the natural functional beverage space,” LB Brewers stated in a press release.
Founded in 2017 by brothers Aditya Ishan Varshnei and Anish Varshnei, LB Brewers has adopted a comprehensive approach that integrates product development, manufacturing, supply chain management, and brand building. The company’s portfolio includes two primary brands: Maka Di, known for its unique craft beers, and Borecha, a functional beverage brand that features a range of health-oriented products, including their flagship probiotic kombucha.
LB Brewers offers a variety of other beverages, such as Belgian Triple, Super Maka, and Bavarian Keller. The startup has achieved notable success with its health-focused beverages, securing partnerships with Akasa Air and Air India Express, making it the first kombucha and sparkling iced tea served on an Indian airline.
The Goa-based company has extended its market reach to the US, Canada, UAE, and other international territories. It plans to enter 11 European countries by the end of this year. LB Brewers is projecting an ambitious revenue target of Rs 300 crore annually within the next three years.
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