VSA Health & Wellness Pvt Ltd, which operates fusion beverage brand Raskik, has raised $1 million (Rs 7.36 crore) in a pre-Series A funding round.
The round in Delhi-based Raskik has been led by incubator and accelerator Venture Catalysts, the startup said in a statement. Other participants include Venture Catalysts’ accelerator fund 9Unicorns, former Reliance Communications CEO Syed Safawi, and Snapdeal founders Kunal Bahl and Rohit Bansal.
Raskik was set up by Vikas Chawla, Abhay Parnerkar, and Satyajit Ram, all three of whom have worked for global beverage giant The Coca-Cola Company.
It will use the capital it has raised to expand its geographical presence in the country and focus on outreach to its target audience. Currently, Raskik maintains a presence in select areas of the Delhi-National Capital Region.