Alcobev Startup Cherrapunji Craft Gin Raises $1.2 Mn in Pre-Series A round

Cherrapunji Craft Gin, an alcoholic beverage startup has raised $1.2 million in pre-Series A round from Japanese investors.

AngelList India Syndicate, which had invested earlier, increased its funding in this round. 

Raincheck Earth Co., the maker of alcoholic beverage startup Cherrapunji Craft Gin,  raised its seed round in May 2023.

The startup will use the funds to expand in India and abroad, boosting distribution and visibility for Cherrapunji Craft Gin in important markets.

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Mayukh Hazarika, Founder and CEO of Raincheck Earth Co said, "We are thrilled to receive this investment, which will help us execute our growth plans for Cherrapunji Craft Gin. We’ve seen tremendous demand for our product both in India and abroad, and this funding will allow us to further scale operations, enhance our product offerings, and continue to innovate within the spirits industry. Our goal is to position Cherrapunji Craft Gin as a globally recognized brand that celebrates the unique flavors of Northeast India."

"We see enormous potential in Cherrapunji Craft Gin due to its unique approach in a crowded market. The team’s deep understanding of today’s global consumer, combined with a strong Indian market presence, makes us confident that this company can become a leading global player in the alco-bev industry," said Yasuhiro Seo, Partner at TRTL Ventures, one of the Japanese investors in this round.

About Cherrapunji Craft Gin

Founded in 2023 by Mayukh Hazarika from Cherrapunji in Meghalaya. Cherrapunji, the rainiest place on earth, holds the world record for the highest yearly rainfall. This purified rainwater, combined with North East Indian botanicals, is used to make Cherrapunji Gin.

The company says its bottles, made from military-grade stainless steel, help reduce the gin's carbon footprint and serve as reusable containers.

 In 2024, The Gin Guide readers named Cherrapunji Gin the 'Gin Bottle of the Year.'

Since its launch, the gin has earned 13 global awards and gained strong international recognition.

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