Hotline: 1800 102 2007
Hotline: 1800 102 2007
May, 08 2017

​MyGreens raises Rs.3-5 crore in an angel round led by LetsVenture

MyGreens 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.

​MyGreens raises Rs.3-5 crore in an angel round led by LetsVenture

Delhi-based cold pressed juice maker MyGreens has raised Rs 3-5 crore in an angel round led by early-stage investment platform— LetsVenture.

MyGreens 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.

Rohan Gupta, Co-founder, MyGreens, 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."

The company will launch a range of natural beverages for the mass market, which will be more affordable and compete with the likes of Fresca and Paper Boat.

Ajay Relan, lead investor in the company and founder-chairman of private equity group CX Partners, said, "The company has a solid competitive positioning versus similar companies that have been funded recently and will quickly grow in newer markets that it is exploring."

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.

MyGreens, which competes with the Sequoia Capital-backed RAW Pressery, offers beverages in the range of Rs 100-250 a bottle in different sizes. The company is targeting a 30% monthly growth and is looking to reach profitability by the end of 2017.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • After School Activities
    About Us: We launched exemplary centre in 2016 in a small..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Clinics & Nursing Homes
    About Us: An Aesthetic dermatology and cosmetic Treatment Clinic. Dr. Serrano’s clinic..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Tea And Coffee Chain
    About Us: If you are looking for a solid business opportunity..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2010
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Food Service
    About Us : An widely accepted Food & Café concept based..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities