Beverage brand Lahori Zeera has raised Rs 200 crore from Motilal Oswal in its series B. In the deal, Motila Oswal stands to gain a 7.14 percent stake in the Punjab-based company.
As per a report by Entracker, at the current round of funding, Lahori is valued at Rs 2800 crore. In the current funding round, Lahori sold 4997 shares to Motilal Oswal at a price of Rs 400,252 per share.
Furthermore, the stake of Lahori’s founders has been diluted from 76.21 percent to 70.76 percent. The stake of Verlinvest, the Belgian investment firm, has also been diluted from 21.17 percent to 19.64 percent.
Lahori’s growth story-
Lahori is one of the fastest-growing beverage companies in India. In FY24, Lahori’s revenue grew by 47 percent. The company registered a total revenue of Rs 312 crore. Furthermore, its profit grew 300 percent as the company posted a profit of Rs 22.5 crore.
Lahori’s FY25 financial results are yet to come; however, the company’s CEO, Saurav Munjal, is expecting a revenue of Rs 500 crore in FY25, says the Entracker report.
Lahori currently offers six flavored drinks. Along with its popular Lahori Zeera, it offers drinks in Nimbu, Imli Banta, Shikanji, Kaccha Aam, and Gimboo flavours. The company has a strong presence in the North Indian states and is now expanding to the Eastern and Western Indian markets as well. For the same, Lahori is in the process of raising a total of Rs 450 crore in its B series.