Kati Patang to buy, incubate small alcohol biz to expand

Kati Patang has raised ₹25 cr year-to-date and additional ₹10 cr from existing investors from a share-swap deal

- Varuni Khosla

Kati Patang Lifestyle, a maker of craft beer that recently listed on the exchanges through a share swap, plans to scale up operations and become an incubator by adding small alcohol businesses to its portfolio. The New Delhi-based company will expand its business, both organically and inorganically, in the next two years, co-founder Shantanu Upadhyay told Mint.

The company acquired a stake in the owner of a UK brewery last month and will look to acquire and incubate domestic and international brands to foster the expansion while also growing its own brands.

Kati Patang Lifestyle has raised ₹25 crore year-to-date and an additional ₹10 crore from existing investors from a share-swap deal.

"In India, we've noted that the route to market for beer companies is primarily through selling strong beer. While we sell that, our focus has been primarily on creating brands. We too have a strong beer, but that is also on the premium end of the market," Upadhyay said.