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Oct, 03 2015

ThirstKart Beverage delivery app plans to raise $10 million for expansion

He said that the business is growing at a pace of 30 per cent per month and the company is already in talks with a number of big venture capital funds which has helped start-ups grow to multi-billion dollar companies.

ThirstKart, Beverage delivery app is planning to raise $ 10 million i.e. Rs 65 crore in the next one year besides expanding services to all metro cities across the country.

In June 2015, the company was founded, has teamed up with leading beverage providers like Starbucks and Cafe Coffee Day at a store-manager level.

"Currently, we have tied up with big brands at store-manager level, but now it’s time for us to go big. We are looking forward to an exponential growth within the next one year with presence in almost every metro in the country," Rahul Pabreja founder ThirstKart told PTI.

Now, the company is present in Mumbai and will foray within a month into Gurgaon, where it is looking for providing beverages to corporate clients, Pabreja said.

"The demand in this segment is huge and being the only player in this beverage delivery market is attracting investors," Pabreja said.

He further said that the business is growing at a pace of 30 per cent per month, and the company is already in talks with a number of big venture capital funds which has helped start-ups grow to multi-billion dollar companies and "I think something will be finalised soon."

At the moment, ThirstKart serves around hundred drinks and Pabreja said that the company will be able take the number to around 700 within the next 8-9 months.

"We are introducing a special feature on our app which will enable a customer to pre-order a drink for a desired time. Suppose I want a strawberry shake for breakfast at 8 am, I will be able to order it a night before and it will be on my table the next morning at 8," he said.

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smundra44@hotmail.com 20, Jun 2018
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