Brew pub chain The Brew Estate is looking to raise USD 10 million to finance its expansion and is targeting to open 30 outlets by 2022 across the country, according to a top company official.
The company, which opened its first outlet in Chandigarh in 2016, currently operates seven outlets in Punjab, Haryana and Himachal Pradesh.
"The company is on an aggressive expansion drive to launch 30 outlets by 2022 across India, with major focus on non-metro cities with maximum headroom for growth," The Brew Estate founder and Managing Director Arundeep Singla told PTI.
He further said, "We are now seeking USD 10 million (about Rs 71 crore) funding through venture and debt route to finance this expansion."
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