Medusa Beverages, a craft and premium beer brand, has raised ₹56 crore in its Series A funding round led by Amal N Parikh & Ashwin Kedia, along with co-investment by Ramesh Damani, Nikhil Garg, Crest Opportunities, and high-net-worth individuals (HNIs) based in Singapore, the UK, and the UAE.
The fresh funds raised will be used to scale its operations and strategically invest in synergistic partnerships across the value chain. The company also aims to strengthen its market presence.
Medusa Beverages has raised ₹13 crore in total funding till date.
Avneet Singh, Founder and CEO of Medusa Beverages, said, “This investment is a testament to Medusa’s growth story and our vision of becoming a dominant player in the Indian alco-bev space. With the support of our investors, we are excited to expand our operations, build a diverse portfolio of brands, and strengthen our presence in key markets. Our focus remains on growth, innovation, and delivering high-quality products to our consumers.”
Founded in 2017 by Avneet Singh, Medusa Beverages is a beer company known for its high-quality brews and bold flavors. Medusa Beverages is a craft beer brand that offers three different kinds of beer to consumers across its markets; Medusa Air, with an ABV of 4.5%, the Original Medusa Beer with 5.9%, and the recently released House of Dragons Fire edition, for which the company collaborated with Warner Bros. Discovery Global Consumer Products.
The company is available at 7,000 retail outlets in seven states, including Delhi, Uttarakhand, Punjab, Chandigarh, Uttar Pradesh, Chhattisgarh, and Himachal Pradesh.
