Ronin Wines raises $2 million in a funding round led by Anthill Capitaland
- ByStartupStory | September 16, 2022
Ronin Wines, a mead seller brand that operates under the brand name Moonshine Meadery has bagged $2 million in pre-series A funding round led by Anthill Capitaland, including participation from various investors like Auxano Capital, Mersis, Supermorpheus. Moreover, Value Bridge Capital advised the transaction between Ronin Wins and Anthill.
Moonshine Meadery is looking forward to using these funds to strengthen and set up its trajectory in the states of Goa, Uttar Pradesh, Karnataka, Maharashtra, Himachal Pradesh, Rajasthan, and Assam. In addition, the company is planning on exploring new and thriving markets like Haryana and West Bengal.
“Alco-beverage is a large and growing sector with white spaces. Mead as a beverage is new to the Indian markets,” as stated by an associate of Auxano Capital, Karan Gupta.
Ronin Wines claims that with the help of these fresh funds, they can now move onto the export markets. In 2021, the startup Moonshine Meadery launched a strong-headed meads brand, Portside. In addition, the company is now seeking to enter the ABV (Alcohol by volume) still-meads segment later this year.
“With Moonshine, we are trying to plug the flavour gap for consumers as they transition from juices and colas to beers and spirits. So a consumer’s journey into alcohol doesn’t have to start with an ‘acquired taste’. This fits well with the expectations of the younger India who are looking for more flavourful beverages,” as the co-founder of Ronin Wines, Rohan Rehani.
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