Red Fort Capital Finance said it has provided Rs 10 crore as a working capital loan to Evocus, a black alkaline water manufacturer. Evocus said it would use the capital to fuel its global expansion plans.
The Gujarat-based D2C company is among the fastest-growing black water brand with a presence in over 50 Indian cities. The company said it now plans to expand globally into more than ten countries.
“The black water or alkaline water is witnessing a massive surge in demand after top celebrities were spotted using it. It is a rage globally because of its health benefits and Evocus has the first-mover advantage in India,” Parry Singh, CEO of Red Fort Capital Finance said.
“The company has some aggressive expansion plans to go global and we at Red Fort Capital Finance are always looking forward to backing such high-growth companies,” Singh added.
Red Fort Capital Finance said it disbursed the full capital to Evocus in a week by completing all the procedures after thorough due diligence.
“We requested speedy delivery from Red Fort Capital, and they exactly did what was expected from them. One of the most seamless experiences to date,” said Aakash Vaghela, founder and managing director of Evocus.
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