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Co-Create Ventures acquires Indulge Beverages

Press Trust of India  |  New Delhi 

Ventures, a Bengaluru- based investment firm, has acquired Beverages, which owns coffee and brand

Financial details of the deal were not disclosed.

"is a great company and the founders have done a fantastic job in building the brand We are delighted to take on the baton from the founders and grow the company multi-fold over the next few years," Suresh Narasimha, CEO, said in a statement.

City-based Beverages was founded by London-based former investment and ex-executive Both the founders exited the venture via sale to

"has redefined coffee consumption in and our figures show that the trend is here to stay. We have taken the brand from concept to market dominance and are excited to now move on to other professional challenges," Kunal Bhagat, Founder and CEO, said in a statement.

Bonhomia, the maker of premium single serve coffee and in the country, raised USD 2.5 million plus in previous tranches from a group of super angels, including Fireside Ventures, Shripad Nadkarni, Apurva Salarpuria, Ashok Dhingra, Nita Mirchandani, Sarvesh Sahara, Ramrod Advisors, family and Tolmolbol, as per a company statement.

Bonhomia is present in all major cities in the country and their capsules and brewing machines are widely available across all modern trade formats.

The company plans to leverage their strong distribution and to grow exponentially in the coming months and gain a larger share of the estimated USD 500 million plus and rapidly growing Indian

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 18:05 IST