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Tuesday, May 9, 2017

MyGreens raised Rs 3-5 crore from LetsVenture

Delhi-based cold pressed juice maker MyGreens has raised Rs 3-5 crore from LetsVenture. The company said, it will use the capital raised to launch a new range of beverages in keeping with its vision to be a 'clean label' fast-moving consumer goods brand by early 2018.

Currently the company's annual revenue is Rs 1-2 crore. MyGreens co-founder Rohan Gupta said, This funding will ignite our move into mass market products with strong links to healthy living. We want to pioneer the clean label movement in India.

Also read: NestAway Technologies acquired Zenify

The new line of products will open up a larger market for the company, which is targeting an increase in sales volume to 5,000 bottles a day, from the current 500-1,000 a day, in the next 12 months.

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