New Delhi, Jan. 24 -- Medusa Beverages Pvt. Ltd., known for its Medusa beer range, has secured Rs.56 crore in its Series A funding round led by investors in their private capacity like Amal N Parikh, promoter of Ohm Stock Broker, Ashwin Kedia, co-founder of Alchemy Capital Management. The round also saw participation from additional investors like stock market expert Ramesh Damani, and banker Nikhil Garg; Crest Opportunities, and other high-net-worth individuals (HNIs) from Singapore, the UK, and the UAE.

This is the company's second round of investments, following a pre-series A round where it raised Rs.13 crore from some of the same investors that have invested in this round. Mint was first to report this in December that the company w...