Brewhouse Ice Tea Secures $2 Million Loan From Singapore's Food Empire Group
The loan amount is to be invested by Brewhouse towards expanding the reach of the brand to 10,000 sale points by 2020
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Bottled ice tea brand Brewhouse, has secured a loan of $2 million loan from Singapore based FMCG Group Food Empire Holdings, Positive Food Venture to expands its operations.
Food Empire Group had previously invested $6,00,000 in Positive Food Ventures in November 2017. This is the only consumer-facing business investment of the Group in India, which has operations in over 24 countries.
“We are present at over 2,000 points of sale in major cities and are expanding our operation pan India. We plan to invest the loan amount from Food Empire Group towards expanding our reach to 10,000 points of sale in 2020 and to introduce newer and interesting variants, said Siddharth Jain, Founder, Brewhouse.
Founded in 2017, the company has a presence in more than 10 cities, including Delhi, Chennai, Bangalore, Mumbai, Pune, Kolkata, Hyderabad, Jaipur, Chandigarh, Lucknow and are retailing with over 300 restaurant & cafe partners.
The beverage is available in four variants i.e. Classic Lemon Ice Tea, Classic Peach Ice Tea, Citrus Green Ice Tea, and Honey Mint Ice Tea. The product is packaged in 350ml recyclable glass bottles. The brand started operations in Delhi in May 2017 and has recently expanded to over 10 cities including Delhi, Chennai, Bangalore, Mumbai, Pune, Kolkata, Hyderabad, Jaipur, Chandigarh, Lucknow and are retailing with over 300 restaurant & café partners.