Bengaluru Based Venture Firm Acquires Beverages Firm
Co-Create Ventures, a Bengaluru based investment firm has acquired Indulge Beverages, which owns coffee and tea brand Bonhomia. Financial details of the deal were not disclosed.
"Indulge is a great company and the founders have done a fantastic job in building the brand Bonhomia. We are delighted to take on the baton from the founders and grow the company multi-fold over the next few years," Suresh Narasimha, CEO, Co-Create said in a statement.
City-based Indulge Beverages was founded by London-based former investment banker Kunal Bhagat and ex-Pepsico executive Tuhin Jain. Both the founders exited the venture via sale to Co-Create.
"Bonhomia has redefined coffee consumption in India and our figures show that the trend is here to stay. We have taken the brand from concept to market do...