FMCG firm GRM Overseas acquires 44% stake in Rage Coffee through 10X Ventures for expansion.
FMCG firm GRM Overseas acquires 44% stake in digital-first coffee brand Rage Coffee, its first significant investment under new platform 10X Ventures. The aim is to expand Rage Coffee's presence both domestically and internationally, leveraging GRM Overseas' vast distribution network. Rage Coffee co-owned by Bharat Sethi, Virat Kohli, and Rannvijay Singha reported an unaudited turnover of Rs 24.9 crore in FY24.
7 months ago
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