Hector Beverages, the parent entity of ethnic beverage brand Paper Boat, generated revenues worth ₹189.56 crore in 2018-19, nearly 62% higher compared to ₹116.94 crore in the preceding financial year. As per data sourced from Tofler, the firm saw its losses marginally decrease by 1.9% to ₹59.88 crore during the period. Based in Bengaluru, Paper Boat was launched in 2013.