Monday, September 26, 2022
HomeInsightFunding Alert Swizzle raises funding in seed round

[Funding alert] Swizzle raises funding in seed round

[Funding alert] Swizzle raises funding in seed round

Swizzle, a cocktail kit delivery startup, has raised an undisclosed amount in seed funding round from various investors including Dr. Akshay Singhal, and Ms Monika Rao.

The startup plans to use the funds to capture a wider market, manufacturing capability, marketing development and new product development

The Bengaluru-based Swizzle was founded in 2019 by Vrinda Singhal and Deepender Singh, It is an alco-bv solutions provider that curates handcrafted, fresh and premium varieties of cocktail mixes and mocktail syrups.

Read also – Poonawalla Fincorp Appoints Hiren Shah as Head of Investor Relations

The company aims to achieve a sales target of over Rs 2.7 crore by the end of this financial year, with a significant improvement in brand presence and 7x growth in customer base.

Presently, it is present in over 50 restaurants in Bengaluru and has introduced over 100 events across India. It also claims to provide bar service for over 100 private parties in Bengaluru.

The company plans to raise its Series A round soon, and plans to launch Swizzle’s mocktail syrups in the cities of Delhi, Chandigarh and Mumbai in the coming months.

Read also – [Funding alert] SuperShare raises $6.5 mn from Lachy Groom, Accel India, others

About Swizzle

Swizzle is India’s first & only company to deliver cocktail kits at home.

Their mission is to bring the most trendiest alcoholic experience to swamp away the old style of drinking alcohol.

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