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ALCOBEV STARTUPS
Gin no longer tonic of choice; Vodka, tequila raise the barIndia's popular gin and tonic trend is fading. Vodka and tequila are now leading the market. Gin sales have dropped significantly this year...- Youngistan drinks to good health with no/low alcohol spiritsDriven by health consciousness and moderation, Indian millennials and Gen Z are increasingly opting for no or low-alcohol beverages, with 2...
- Radico, Shah Rukh Khan, Zerodha's co-founder Nikhil Kamath among others partner to launch alcobev firmUnder the agreement, Radico Khaitan will hold 47.5% stake in the company, while SLAB Ventures, an acronym for Shah Rukh Khan, Leti Blagoeva...
- Who leaves over Rs 70 crore to a star they've never met? Sanjay Dutt's fan story that left him heartbrokenIn 2018, Sanjay Dutt was surprised to learn that a fan, Nisha Patil, had left him property worth Rs 72 crore. Dutt had never met Patil. Ove...
- USL to acquire majority stake in Nao SpiritsDiageo India's acquisition of a majority stake in Nao Spirits is underway. The enterprise value is estimated at Rs 130 crore. This move fol...
- Ranveer Singh bags 50% stake in packaged foods company Elite MindsetConfirming the development to ET, (Nikunj) Biyani, cofounder, of the venture, said, "We see an opportunity to build a brand in the better-f...
- Rising interest from high net worth individuals keep alcobev market in high spiritsIndia's alcoholic beverages market is gaining traction with mid-sized funding deals due to rising demand for craft beers, artisanal gins, a...
- Indians like to have a swig of premium beerPremium beers significantly outpaced the overall beer market in FY24, with a 25-30% volume growth compared to the 8-10% growth of the beer ...
- Alia Bhatt-backed baby care startup SuperBottoms raises $5 million from Lok Capital, Sharrp VenturesThe company will employ the funds to expand offline with a greater store presence and include more products in the mom and baby care range.
- Bollywood stars Alia Bhatt, Katrina Kaif among celebrity investors betting big on startupsIt's a win-win proposition with these mostly consumer-facing startups getting a face to push their brands besides the money, and celebritie...
- Crorepati club in United Spirits, ITC & HUL rises by over a quarter in FY23At ITC, the number of crorepati employees jumped by 36% year on year to 257 in FY23 from 189 in the previous year. In HUL, 205 managers too...
- Big gin makers double sales, take fight to small peersBig companies' traditional gin brands, including Bombay Sapphire, Jaisalmer, Beefeater and Big Ben, regained market share in 2022 according...
- Actor Sanjay Dutt invests in alcobev startup Cartel & BrosThe startup’s first product is blended Scotch whisky brand Glenwalk, which the company is importing from Scotland, to be followed by brands...
- Startups vs IAMAI, redux; Mojocare investors mull legal action against foundersStartups are once again at odds with the Internet and Mobile Association of India (IAMAI) over the latter’s stance on the digital competiti...
- Sanjay Dutt invests in alcobev startup Cartel & BrosActor Sanjay Dutt, along with other investors, has invested in Cartel & Bros, which plans to import and retail a range of liquor brands suc...
- Diageo’s home delivery plans hit, exits HipBar at 98% lossWhile the move comes at a time when several Indian states are putting in place norms to allow home delivery of alcohol, Diageo which invest...
- Alcobev startup RockClimber raises $1 million in pre-Series A fundingAlcobev startup RockClimber will use the funding as working capital, as the company is targeting revenue of over Rs 100 crore in three year...
- German wine brands Becksteiner and J. Oppmann to enter India via homegrown liquor startup CiroPremium German wine brands J. Oppmann and Becksteiner are entering India in February through Chennai-based liquor startup Ciro .
- G&T maker Salud Beverages gets funding from actor Rana DaggubatiThe investment comes barely a week after Nao Spirits, maker of Greater Than and Hapusa gins, raised $2 million in a series A funding round.
- In a first, Sequoia Capital invests in craft beer brand Bira 91The $6 million in series A funding will be used in marketing of the brand as well as starting a production facility in Madhya Pradesh by Ma...
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