Beverage maker to raise Sh80.5m through crowdfunding
Craft beverages maker Kenyan Originals is looking to raise $700,000 (Sh80.5 million) through crowdfunding to boost expansion plans.
The firm is valued at Sh1.15 billion. Founder Alexandra Chappatte projected that investors would multiply their investments tenfold in two years.
Alexandra Chappatte said the move would enable employees and consumers to own shares, boost the growth of new spirits and expand capacity.
“We need to invest in the brand to get it to a higher level. We want to continue to invest in Capex (capital expenditure) to expand our capacity and create a world-class beverage production facility across alcohol and soft drinks,” she said.
Ms Chappatte projected that investors would multiply their investments tenfold in two years.
It recently launched craft gin brands retailing at between Sh1,300 to Sh,2300 seeking to take a slice of the huge market dominated by EABL.
“The reason why it's a good time is we have a lot of interesting things, but we haven't yet really leveraged them. We are going to see the benefits of the spirits and other lines in the business coming over in the next two years,” she said.
The firm is willing to cede a ten per cent stake valued at $1 million.
The minimum ticket size is roughly Sh1,500 (£10) and the maximum £50,000 (Sh7.35 million). The crowdfunding will run for a month and went live yesterday on Crowdcube, a UK-based platform.
