Lahori Beverage Brand Secures Rs 200 Crore Investment

Beverage brand Lahori is securing Rs 200 crore (approximately $23 million) from Motilal Oswal. This funding comes after a three-year pause for the Punjab-based company.

The board at Lahori has approved a resolution to issue 4,997 Series B preference shares priced at Rs 4,00,252 each, aiming to raise Rs 200 crore or $23 million, as indicated by its regulatory filing retrieved from the Registrar of Companies (RoC).

The investment is intended for the growth and expansion of the business, as stated in the filing. Startup Superb estimates the company’s valuation to be around Rs 2,800 crore or $329 million following the share allotment.

Additionally, the company is reportedly working on raising Rs 450 crore in another funding round.

Stake Details Post-Fundraising

After this latest fundraise, Motilal Oswal has gained a 7.14% ownership in the company. The stake of existing investor Verlinvest has decreased from 21.17% to 19.64%, while the founder’s stake in Lahori has been diluted from 76.21% to 70.76%.

Lahori Zeera: A Fast-Growing Player in the Beverage Market

Lahori Zeera has positioned itself as one of India’s fastest-growing independent beverage companies over the last decade. The brand provides a variety of traditional Indian beverage products, including Lahori Zeera, Lahori Nimboo, and Lahori Shikanji.

Financial Performance and Future Goals

Lahori has yet to submit its annual results for FY25. However, for the fiscal year ending March 2024, its revenue from operations increased by 47% year-on-year, amounting to Rs 312 crore. Importantly, the company’s profits tripled to Rs 22.5 crore during the same timeframe. Saurabh Munjal, the CEO, has indicated that Lahori aims for a revenue target of Rs 500 crore in FY25.