Health beverage maker Paper Boat has raised ₹10 crore from venture capital (VC) fund A91 Partners at a valuation of around $130 million. Paper Boat was launched by former Coca-Cola executives Neeraj Kakkar and Neeraj Biyani. VC fund A91 Partners was floated by former Sequoia Capital Managing Directors VT Bharadwaj, Gautam Mago and Abhay Pandey.