Neeraj Kakkar: CEO at Paper Boat

Neeraj Kakkar is the Chief Executive Officer (CEO) at Paper Boat, launched in 2013, headquartered in Bengaluru, India. The parent company Hector Beverages Private Limited, which manufactures Paper Boat drinks, Tzinga Energy drink and much more interesting work  in pipeline. He is the CEO and Co-founder of Hector Beverages Pvt. Ltd., India as well, since 2009. He also served as the former General Manager at the Coca-Cola company, India.

Neeraj Kakkar: The Paper Boat story

Neeraj Kakkar- Biography

Name Neeraj Kakkar
Born 1974
Age 46 (2020)
Nationality Indian
Education MDI; The Wharton School
Profession Entrepreneur
Position CEO & Co-founder, Hector Beverages; Paper Boat
Net Worth $100 million (2015)

Neeraj Kakkar- Personal Life
Neeraj Kakkar- Education
Neeraj Kakkar- Affiliations
Neeraj Kakkar- Professional Life
Neeraj Kakkar- Hector Beverages
Neeraj Kakkar- Paper Boat
Paper Boat- About & how it started?
Paper Boat- Exports
Paper Boat- Funding
Paper Boat- Investments


Paper Boat Company Profile - Reviving Traditional Indian Drinks!
Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has been approved by the organization it is based on. India is a land of diversity. This variance extends to language, culture, food,attire, and whatn…

Neeraj Kakkar- Personal Life

He currently reside at Bengaluru, Karnataka, India. He has a passion for poker. He came from a small town and worked for Coca-Cola India and later established his own venture in Bengaluru.

Neeraj Kakkar- Education

Neeraj pursued Post Graduate Program in Management (PGDM) from Management Development Institute (MDI), Gurgaon (1996-1998). He later did a general management course, Master of Business Administration (MBA) from The Wharton School (2008-2010).

Neeraj Kakkar- Affiliations

  • Neeraj is a Palmer Scholar, which is one of the Highest Academic Honor
  • He is designated as the Co-President of Wharton General Management Club
  • He holds a respective position as a Co-Chair in Wharton Leadership Lectures Committee

Neeraj Kakkar- Professional Life

Neeraj worked as a Summer intern at Mckinsey and Helion Ventures. He also worked with Union Carbide and later joined Wipro as well.

Neeraj worked for the Hindustan Coca-Cola Beverages Pvt. Ltd. from October, 2001 to July, 2008. He was the General Manager, employed to examine area operations and various other roles for six long years.

After fleeing to Wharton for his second MBA in 2008, he established his own venture, Hector Beverages and its portal Paper Boat in 2013.


Coca-Cola India | Company profile |
Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by the organization it is based on. Coca-Cola India, is one of the country’s leading beverage companies, offering arange of healthy, …

Neeraj Kakkar- Hector Beverages

Hector Beverages Logo

Currently, Hector Beverages has two manufacturing plants: one in Mysuru, another in Manesar, Gurgaon. The company produces up to ten million pouches per month.

The first ever production plant of the company was established in Manesar in 2010. However, Paper Boat's popularity raised intensive demand of fruit drinks in Manesar. While the plant at Manesar did not kept up with the fortunate production. The location did not had adequate facilities for manufacturing coconut water, sugarcane juice, and drinks that the company was looking to launch.

Thus, they found a satisfactory location to launch drinks as per their requirements. They constructed a larger set up in Mysuru, Karnataka in 2014. Mysuru plant recorded a production capacity of 380 bottles per minute while Manesar plant recorded only 80 bottles per minute.


Asa Griggs Candler | Founder | Coca-Cola | Atlanta Mayor and Builder |
Asa Griggs Candler was the Founder of Coca-Cola. He bought the Coca-Cola recipefrom chemist John Stith Pemberton worth $1,750 in the year 1888. Candlerestablished The Coca-Cola company in 1892 and developed it as a major company.Moreover, he was elected as the 41st Mayor of Atlanta, Georgia. He s…

Neeraj Kakkar- Paper Boat

Paper Boat Logo

Paper Boat was launched by Hector Beverages in August, 2013. Paper Boat manufactures a range of traditional, indigenous drinks such as Aam Panna, Jaljeera and Aam Ras. The laid-back office of Paper Boat named Finchley Castle is located in Bengaluru, India.

The company retains the traditional recipes with innovation to emanate inherited Indian drinks to an urban market reach. Artificial coloring or preservatives are highly avoided to make their products reliable.

Paper Boat Products

The products of the Paper Boat ranges through a variety of traditional drinks obtained from fruits. Some of them include, Aam Ras, Alphonso Aam, Jamun Kala Khatta, Chilli Guava, Nimbu Pani, Kokum, Kanji, Sugarcane juice, Lychee Ras, Apple and Orange, Coconut Water, Panakam etc.

The company also manufactures drinks made via milk like, Butter Milk, Thandai, Badam Milk, Neer Milk, Neer More, Sherbet-e-Khas etc.

The company diversified its products by producing Indian snacks as well. Some of them include, Chikki, Banana Chips, Aam Papad, Bakarwadi, Namak Para, Gur Para, Shakar Para, Jaljeera, etc.


PepsiCo | American food and beverage company | Company Profile |
Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by the organization it is based on. PepsiCo, Inc., an American food and beverage company that is one of the largestin the world, with…

Paper Boat- About & how it started?

The idea of manufacturing traditional Indian drinks propounded through the collective intellect of the four original founders of Hector Beverages.

The company was founded by Neeraj Kakkar, Neeraj Biyani, Suhas Misra and James Nuttall. Three among these four were colleagues at Coca-Cola, India. While, James Nutall was an American student, who studied with Kakkar at Wharton School and came India to collaborate his efforts in the drinks business.

The company launched its first energy drink, Tzinga, in 2011. Later, Misra and Nutall left the company, they sold their shares to the remaining co-founders, Biyani and Kakkar.

After one and a half year, Kakkar proposed the idea of launching Aam Panna and the story of traditional drinks continued thereafter. Kakkar raised several efforts to bring variety of Indian flavors and the rest is history.

Paper Boat- Exports

Paper Boat exclusively exports its products across US, UK, France, Canada, Australia, the Netherlands, UAE, and Malaysia. The company spent a significant amount of money on advertising and marketing.

Paper Boat has consecutively launched several traditional Indian flavored drinks to overseas. It has diversified into producing snacks as well.


Nestlé | Largest food and beverage company | Company Profile |
Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by the organization it is based on. Nestlé is the world’s largest food and beverage company, in terms of revenue.It is a Swiss Compa…

Paper Boat- Funding

The company received funds by the CEO of Infosys, N.R Narayan Murthy. Footprint Ventures and Sequoia Capital and some more followed to invest for Paper Boat.

The company has raised Rs.20 crore in two different fundings from Advent Management and A91 Emerging Fund. Apart from this, it has also raised Rs.10 Crore in debt from Trifecta.

Paper Boat- Investments

The parent company of Paper Boat, Hector Beverages has devoted 34,09,800 Series C4 Cumulative Convertible Preference Share (CCPS) at a nominal amount of Rs. 25 per security at a premium of Rs.770.47 to four devotees leading up to Rs. 28,00,00,667.

Inestments made by Stake Worth
Sofina Ventures Rs.16.50 Crore
A91 Emerging Fund Rs.5 Crore
SCI Growth Rs.4 Crore
Catamaran Ventures Rs.2.50 Crore
Author image

About Megha Rani

  • Ranchi, Jharkhand
You've successfully subscribed to StartupTalky
Great! Next, complete checkout for full access to StartupTalky
Welcome back! You've successfully signed in.
Success! Your account is fully activated, you now have access to all content.
X