Mumbai Angels Network participates in INR 3.11 Cr seed round in Barneys Hard Seltzer

Mumbai Angels Network participates in INR 3.11 Cr seed round in Barneys Hard Seltzer 23rd, December, 2021: Mumbai Angels Network, a premium platform for early-stage investments has participated in INR 3.11 Cr seed round in Barneys Hard Seltzer along with Ah! Ventures, Chandigarh Angels, and others. Barneys is India’s first zero sugar, low calorie, no-carb hard seltzer with 6% alcohol for those who enjoy their beer and wine but also want something easier and not too serious. The funds raised will be utilized in marketing, production and team expansion. “Barneys is among the first Indian hard seltzers crafted with premium elements and comes at an affordable price. Given the popularity of beer brands entering the market with low-sugar variants, we believe that the freshly infused capital will allow them to widen their consumer base, innovate further, and grow,” added Nandini Mansinghka, Co-Founder & CEO - Mumbai Angels Network. Ruchi Gupta, Founder, and CEO of Barneys Hard Seltzer said, “Beverages such as wine, beer, or cocktails have a substantial amount of carbs and added sugar, causing adverse effects. So, we created Barneys to help consumers enjoy a refreshing drink without worrying about long-term effects on their health. We are thrilled to secure funding from distinguished investors and we believe this will give us the much-needed boost in the market.” About Mumbai Angels: Started in 2006, Mumbai Angels Network is India’s premier platform focused on new venture investing. Mumbai Angels today has a 190+ strong portfolio across sectors and cities across India. Of the overall portfolio the platform has exited/ secured the next round of funding for 100+ of them. Today, the platform has 650+ investors spread across 40+ Indian & Global cities. About Barneys: Barneys is a zero sugar / low calorie alcoholic beverage, blended with premium ingredients like jasmine and lemongrass. Barneys has launched in Goa, where it is headquartered and will be expanding to Karnataka and New Delhi in the next financial quarter.