Startup News Magazine

Red Fort Capital Funds Rs.10 Cr to Evocus

Evocus to use the funds for global expansion. Funds were disbursed in just 7 days

Mumbai: Red Fort Capital Finance (Red Fort Capital), a leading focused NBFC specifically on logistics, industrial parks, and the manufacturing sector, has announced that it has provided Rs 10 crore finance to Evocus, a black alkaline water manufacturer.

Evocus would use the capital to fuel its global expansion plans. The Gujarat-based D2C company is the country’s first and fastest-growing black water brand. It is present in 50+ cities and is available across offline and online channels. The plan is to now expand globally into 10 odd countries. 

On its idea to back Evocus, Parry Singh, CEO of Red Fort Capital Finance, said, “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. 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.” 

Red Fort Capital Finance disbursed the full capital to Evocus in just 7 days by seamlessly completing all the procedures after thorough due diligence. 

“We requested speedy delivery from Red Fort Capital, and they did exactly what was expected. One of the most seamless experiences to date,” said Aakash Vaghela, Founder and Managing director of Evocus. 

Red Fort Capital Finance seeks deals with strong collateral cover and growing business cash flow. The NBFC finances deal from Rs 1 Crore to Rs 10 Crore and have a healthy well-diversified book with zero NPA.