Purplefield Investments makes a follow-on investment into RedMud Coffee! With a mission to promote locally produced coffee amongst the youth of Nepal, Red Mud was established in the year 2012. In line with its slogan, “Every revolution starts in a Coffee Shop”, Red Mud aspires to revolutionize the coffee culture among the Nepali youth. Echoing the same sentiments, One to Watch managed Peer to Peer investment fund, Purplefield Investments invested into Red Mud Coffee in 2016. The investment has helped RedMud Coffee to expand from 2 outlets with 22 employees to 8 outlets and 75 employees!
Considering the need for business expansion of Red Mud Coffee, PI is making a follow-on investment in the company in a combination of ordinary shares and loan. Consequently, a Share Holder’s Agreement and Loan Agreement was signed between Redfield Investments and Red Mud Coffee in September, facilitated by One to Watch. The funds shall be utilized for the expansion of the company in Eastern Nepal.