The Venture Codex

Participated · Series A · Dec 2023

Proost Beer is a Delhi-based beer brewing company founded in 2017 by Vijay P Sharma and Tarun Bhargwa. The company sells beer across Delhi, Punjab, Uttar Pradesh and Kerala and reports selling nine beer units per minute. It aims to capture a 5%+ share of the Indian beer market by the end of the decade and plans to grow 300% by the end of fiscal year March 2024. Proost faces competition from Arbor Brewing Company, Bira 91, Simba, Kati Patang, Maka Di and Witlinger. The startup closed a Pre-Series A round raising about Rs 3 million (reported as $25 crore in the press release). The additional funds will be used for strategic expansion. Proost Beer is a brewery founded in 2017 that sources raw materials from both local and international suppliers to produce its beer. The company is present in more than 1,800 retail outlets and has sold over 10 million units. Proost plans to use new funding to expand production capacity, broaden its geographic reach, fulfil working capital needs, drive growth, and strengthen its position in the beer brewery space. Management expects the funding to help achieve 300% growth in FY24 and sees strong consumer willingness to try new, high-quality products. The company says the latest investment is part of a larger fundraising plan to support state-level expansion and ramp up production.

Led · Seed · Apr 2021

Puresh Daily is a Ranchi-based milk and fresh-produce subscription service founded in 2019 by Manish Piyush and Aditya Kumar. The company sources from eight franchise farms and serves about 1,200 subscribers across Ranchi, Ramgarh, and Bokaro. Its product stack emphasizes chemical-free items and value chains augmented by AI to enable traceable logistics, green packaging, and smart payment options. The startup raised Rs 1.2 crore in a seed round and will deploy the funds for business development, technology, brand building, and product and packaging innovation. Management says the seed round was oversubscribed and plans include expanding the product base into at least 10 Tier II cities and scaling to 20,000 subscribers while partnering with local entrepreneurs. Founders bring domain and leadership experience — Manish handles marketing and business development and has 14+ years as a TAS officer at the TATA Group, while Aditya leads technology, finance, and product development.

Led · Equity · Mar 2021

AMPM operates convenience stores selling Indian and global products across categories such as bakery, confectionery, stationery, pharmacy, grocery, and food & beverages. The stores feature a 24-hour live kitchen cafe with a sit-out and offer 24-hour free delivery in select cities. The company is positioned as an Indian equivalent to 7-Eleven and emphasizes quick retail and delivery services. The article cites presence in four cities — Gurugram, Karnal, Panipat, and Yamunanagar — and lists additional locations such as Hyderabad, Kharar, Sriganganagar, Jalandhar, Karnal, and Gurugram. AMPM plans rapid expansion, targeting operations in 10 cities by the end of 2021 and at least 15 live stores across northern India with expansion to more than 15 cities the following year. Contact details and city listings are provided in the article; no revenue or user metrics were disclosed.

Led · Equity · Apr 2018

Glamyo Health operates an asset-light platform focused on elective surgeries, using technology to deliver personalized patient care. The company was started at the end of 2019 and is headquartered in Chennai. It currently has presence in 10 cities, including Mumbai, Bengaluru, Hyderabad, Pune and Tier‑2 cities such as Indore, Bhubaneswar, Chandigarh and Patna, and plans to scale to 20+ cities. Management reports strong operational growth: a 300% surge in business over the last three quarters, a 3x increase in number of cities in the past three months, and a monthly CAGR of ~35% over the last 18 months. Investors and company comments also cite 40%+ month-on-month growth. Total capital raised to date is $3.5 million, including the most recent round. Glamyo Health operates a hybrid surgical-care platform that provides laser treatments across orthopedics, proctology, urology and laparoscopic cases. The company says it operates across more than 10 surgical categories and offers over 50 individual treatments. It combines its own clinics with third‑party hospital infrastructure to facilitate surgeries. Glamyo has a presence in more than 10 cities and plans to scale to over 20 cities by the end of FY23. Co‑founded by Archit Garg and Preet Pal Thakur, the three‑year‑old, Delhi‑based company positions itself against competitors such as Pristyn Care. The company intends to use fresh funds to generate long‑term resources for implementing its growth plans.