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Sequoia Capital leads $8m Tzinga drink maker financing round

21 May 2013

TzingaSequoia Capital has led an $8m financing round for Tzinga energy drink maker Hector Beverages alongside existing venture capital backers of the business.

Catamaran Ventures and Footprint Ventures renewed their support for the business following a $1m financing round from the pair two years ago.

Hector, which was launched in 2009, said it planned to use the capital primarily for marketing and expanding its production capacity.

Sequoia Capital India Advisors managing director VT Bharadwaj said, “Tzinga is a pioneer in the energy drink category in India with innovations on product, packaging and distribution.

“We are delighted to partner with Neeraj and his team in building an enduring franchise in the functional beverages space.”

Earlier this year Sequoia Capital and Indian Angel Network (IAN) became shareholders in Indian mobile video and media company Vuclip as part of a stock-swap deal.

The pair had previously invested in the company in 2011.

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