RedFort Capital Finance provides Rs 10 Cr as a working capital loan to Evocus which is a black alkaline water manufacturer. It is a D2C company based in Gujarat and is considered one of the fastest-growing black water brands with a presence in over 50 Indian cities
“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,” said Parry Singh, CEO of Red Fort Capital Finance.
He added, “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.”
According to the media reports it has disbursed the full capital to Evocus in a week by completing all the procedures required 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.