Goa Brewing Company, owned by Goa Brewcrafts Private Limited, brews bottled craft beers under the 'People Larger' and 'Eight Finger Eddie' labels. The brewery emphasizes clean-label beers made with whole-natural grains, hops, and fruits sourced largely from local farms. Founder and CEO Suraj Shehnai says the brand has grown primarily through word-of-mouth and a community of consumer evangelists without marketing spend. The company plans to use recent capital to increase production capacity to meet demand and to expand distribution pan-India, targeting markets such as Delhi beyond its current presence in Goa and parts of Bengaluru. Founded in 2016 and based in Sangolda, Goa, the company reported a 52% increase in EBITDA in FY2021 while its net worth declined by 30%, according to Tofler. Recently it secured $700,000 (nearly Rs 5.6 crore) in fresh investment to fund these expansion and capacity plans.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2022