Mumbai Angels Network sponsored a $1 million round of funding for D2C firm Jade Forest. In November 2020, the company raised a $250k seed round.
The new money will be put toward expanding geographically and entering the ready-to-drink beverage category.
Jade Forest is a luxury non-alcoholic beverage brand founded by Shuchir Suri and Punweet Singh in August 2019 that has designed a range of drinks using botanicals, spices, fruit, and herbs with no artificial sweeteners, flavours, or colorings and is low in calories and sugar.