Alco-Bev provider Swizzle raises an undisclosed in seed round of funding
- ByStartupStory | July 19, 2022
Swizzle, an alcoholic beverage solutions provider, has raised an unknown sum in its seed round of funding from Dr Akshay Singhal, Ms Monika Rao, and a number of other investors.
Swizzle is an alcohol-beverage solutions provider that curates handcrafted, fresh, and premium varieties of cocktail mixes and mocktail syrups. According to the company’s press statement, the funds raised will be used to expand production, increase marketing, and develop new products.
By the conclusion of the current fiscal year, Swizzle claims that the business will have considerably improved its brand exposure and increased its client base by a factor of seven, in order to reach its projected sales of over Rs 2.7 crore. Also shortly, the company hopes to raise its Series A round.
After serving more than 100 events across India, Swizzle currently has a presence in over 50 restaurants in Bengaluru. The startup plans to introduce Swizzle’s mocktail syrups in the Indian cities of Delhi, Chandigarh, and Mumbai in the coming months. Additionally, according to the firm, more than 100 private parties in Bengaluru received bar service.
About Swizzle:
Swizzle is a speciality cocktail kit delivery service that was established in May 2019. It was founded by Vrinda Singhal and Deepender Singh. In October 2019, the Bengaluru-based startup launched its products. It currently produces and sells over 20 different types of cocktails. Through Swiggy, Zomato, and its own website, Swizzle delivers its kits. Swizzle uses a franchise system for distribution.
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