You don’t like alcoholic beverages? Don’t worries COOLBERG can help you.

Coolberg Pankaj Aswani founder and CEO of coolberg Mumbai-based startup Coolberg which offers malt-based flavored non-alcoholic beers on recently announced that it has secured $4 million in Series. He is tapped into the unchanged sector of non-alcoholic beverages and started with Coolberg, a zero-alcohol beer brand based in India. India can be considered a gold mine for alcoholic beverages. People have strong cultural leanings, which is why they avoid alcohol-based drinks. To provide a quality product as an alternative to alcoholic beverages, Pankaj Aswani founded Coolberg in 2016 in India. Coolberg is India’s first-of-its-kind Zero Alcoholic Beer.Alcoholic beverages have become an integral part of any celebration throughout the world. People love and enjoy the banquet they receive, which prepares them to enjoy the party. But there is always a class of people who do not consume alcohol. There can be many reasons for this, some religious, while some may simply be a choice in lifestyle. Especially in India, where people of diverse beliefs live together, not consuming alcoholic beverages is not a religious choice. SERVICES There is an ever-growing market for zero-alcohol beers worldwide. Especially in Europe and the Middle East, where we find a mixture of athletes participating in various sporting events and also people with strong religious beliefs. In 2017, this market was estimated at over $ 4 billion. The lack of such a product in India made it easier for Coolberg to establish himself within the country. Coolburg’s product quality is much better, its malt beer is exactly like normal beer, but without alcohol. So consumers can expect the same taste, crispness, aroma, and texture of beer. Coolburg also offers several other ready-made variants such as Cranberry, Peach, and Mint to name a few. Currently, the company is distributing its product to major states across India including Maharashtra, Gujarat and Madhya Pradesh. It is capable of being distributed in more than 30 major cities of the country and is now serving over 2,000 restaurants and cafes across the country. COVER MARKET Coolburg has strengthened its distribution network and is sold at around 12,000 stores in major cities in India. In addition to traditional trade channels, including supermarkets, restaurants, etc., Coolberg can also be found on offices, colleges, airports, etc. on a merit basis. A chartered accountant and banker by profession, Pankaj Aswani started Coolberg by putting money out of his pocket. . Considering its potential, the startup was funded in 2018 by India Quotient Advisors and Indian Angel Network. It raised $ 3.5 million in a Series A round led by RB Investments and its current investor India Quotient. Available in seven different flavors, the drink is packaged in glass bottles to be more environmentally friendly. They are also planning to serve drinks in 250 ml cans. Operating Revenue INR 1 cr - 100 cr EBITDA  -379.76 % Networth  367.90 % Debt/Equity Ratio 0.08 Return on Equity -79.87 % Total Assets  242.85 % Fixed Assets  22.02 % Current Assets  291.52 % Current Liabilities  60.56 % Trade Receivables  133.48 % Trade Payables  113.88 % Current Ratio 5.19 Here is a summary of financial information of COOLBERG BEVERAGES PRIVATE LIMITED for the financial year ending on 31 March, 2020. Revenue / turnover of COOLBERG BEVERAGES PRIVATE LIMITED is INR 1 cr - 100 cr Net worth of the company has increased by 367.90 % EBITDA of the company has decreased by -379.76 % Total assets of the company has increased by 242.85 % Liabilities of the company has increased by 60.56 %