Mumbai-based FMCG startup Svami raises $1M in Pre-Series A round led by Rukam Capital Trust

Svami, a Mumbai-based FMCG startup that sells non-alcoholic aerated beverages, has raised Rs 7.5 crore (about $1 million) in its Pre-Series A funding round led by Rukam Capital Trust and Niren Shah, Managing Director of Norwest Venture Partners India. Ashish Chand’s Family Office – ‘Yukti Securities’ also participated in the round.

The startup is planning to use the fund to penetrate deeper into existing geographies and grow into newer cities in India, expand its current product line, increase production capacity, and hire senior professionals who will partner in growth and brand building, the company said in a statement.

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