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Proost raised $3.5 million in a Series A investment round led by Chimes Group and Srinivasan Namala to bolster its supply side and expand operations into new markets.

PRIVATENov 19, 2024

Amount Raised

$3.5 Million

Round Type

Series A

GurugramManufacturingFood and Beverage

Investors

Hyderabad AngelsThe Chennai AngelsChimes GroupSrinivasan Namala

Description

Proost has secured $3.5 million in its ongoing Series A funding round. The company will use the capital to enhance its product portfolio and engage in brand building activities.

Quick answer

Proost raised $3.5 Million in a Series A round, dated November 19, 2024. Investors: Hyderabad Angels, The Chennai Angels, Chimes Group and Srinivasan Namala. Proost is based in Gurugram, Haryana, India.

How much did Proost raise?
Proost raised $3.5 Million in a Series A round on November 19, 2024.
Who invested in Proost?
Hyderabad Angels, The Chennai Angels, Chimes Group and Srinivasan Namala are named as investors in this round.
What does Proost do?
Proost is a beer startup that manufactures beer using locally-sourced raw materials.
Where is Proost based and how big is it?
Proost is based in Gurugram, Haryana, India.
Who are the decision-makers at Proost?
Fundz holds 1 contact at Proost. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Food and Beverage and Manufacturing around the same time

Companies in the same sectors as Proost that raised within 45 days of this round, from Fundz verified event records.

  • Botanic Healthcare raised $30M (Pre-Seed) on January 3, 2025.
  • Arborea raised $5.2M (Funding Round) on December 23, 2024.
  • Yeastup AG raised $9.4M (Series A) on December 17, 2024.
  • Happy Plant Protein raised $1.9M (Pre-Seed) on November 14, 2024.
  • IM Cannabis Corp raised $27K (Pre-Seed) on November 12, 2024.
  • Campbell raised $3.4M (Seed) on October 28, 2024.

Who to call at Proost, and when

A new round usually means Proost is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Proost

Location

Gurugram, Haryana, India

About

Proost is a beer startup that manufactures beer using locally-sourced raw materials. Founded in 2017 by Tarun Bhargava and Vijay Sharma, it aims to bolster its supply chain and expand into new markets with recent funding. The company has seen significant investment, allowing it to enhance its product portfolio and brand presence.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Proost raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.