Rage Coffee raises funds from investors led by Refex Capital
April 07, 2021
Will use funds for marketing, distribution purposes
Rage Coffee, a New Delhi-based FMCG coffee company, has raised an undisclosed amount of growth capital as part of its pre-Series A funding round from a clutch of investors led by Refex Capital.
The round also saw participation from marquee investors such as 9 Unicorns Venture Capital Fund, Emarson Computers, CC One Venture Labs, Spotlight Capital, Evolvx Advisory, Darshan Deora and KRS Jamwal. The company has also raised revenue-based financing from Getvantage in this round.
The freshly-infused capital will be utilised for marketing and distribution purposes as Rage Coffee plans to expand its online presence and offline footprint. The company will also use the funds to scale up production and launch new products. On the hiring front, Rage Coffee will hire senior leaders for marketing and sales, the company said in a statement.
[Funding alert] New Delhi-based Rage Coffee raises an undisclosed amount in round led by Refex Capital yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.