Indian mid-stage investment firm A91 Partners is holding discussions lead a $30 million funding round in Hector Beverages, a soft drinks and beverages maker under the Paper Boat brand.
Belgian investment holding company Sofina is also expected to participate in the round.
As part of the financing round, A91 has so far infused an initial tranche of $1.45 million in Hector Beverages.
Hector Beverages, which in the fiscal year 2019 has revenues of about $29 million, is seeking a valuation of about $200 million after the round.