D2C water brand Evocus borrows Rs 10 crore from Red Fort Capital Finance
Red Fort Capital Finance provides Rs 10 crore as working capital funding for Evocus, a black alkaline water manufacturer. Evocus said it will use the capital to fuel its global expansion plans.
The Gujarat based D2C company is among the fastest-growing black water brand. It has a presence in over 50 Indian cities. The company said it now plans to expand globally into more than ten countries. This working capital loan will improve the top line over the next year. It will assist in entering into global markets – the United States is their target market.
“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. Moreover Evocus has the first-mover advantage in India,” – says Parry Singh, CEO of Red Fort Capital Finance.
“The company has some aggressive expansion plans to go global. We at Red Fort Capital Finance are always looking forward to back high-growth companies like Evocus,” Singh further added.
Red Fort Capital Finance disbursed the full funding for Evocus within a week. All the procedures were done after completing thorough due diligence within a week. Red Fort Capital has also consistently disbursed funding to its borrowers within seven to ten days.
“We requested speedy delivery from Red Fort Capital. 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.