Beer maker Medusa raises Rs 56 crore in series A round

Beer maker Medusa Beverages has raised Rs 56 crore in a series A funding round led by investors Amal N Parikh and Ashwin Kedia. The funds will be used to expand operations and build a portfolio of brands. Medusa Beverages aims to capitalize on emerging opportunities in the Indian beer market, which is seeing a rise in craft beer popularity.