Mumbai-based startup Coolberg, which makes malt-based flavoured non-alcoholic beers, has secured $3.5 million in Series-A round led by RB Investments (a Singapore-based family office) and existing investor India Quotient. The round also saw participation from Ashish Goenka, chairman of Suashish Diamonds Ltd, and a pool of investors from Indian Angel Network. “Raising this investment will help us strengthen our distribution network and increase brand awareness” Aswani added.

(Business Standard)