Swizzle raises seed round
Alco-bev solution provider Swizzle has raised an undisclosed amount of seed funding from Dr. Akshay Singhal, Ms Monika Rao and from multiple investors.
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 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.
Swizzle is an alcohol-beverage solutions provider that curates artisanal, fresh, and premium variations of cocktail mixes and mocktail syrups. It was created by Vrinda Singhal and Deepender Singh.
After serving more than 100 events across India, Swizzle currently has presence in over 50 restaurants in Bengaluru. The firm wants 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.
SWIZZLE seems to be a fascinating startup with motivating advancement of food and beverage services platform. This startup would undoubtedly continue to prosper in the years to come. Wishing this startup good luck in all its future endeavors.Shishir Gupta, Founder and CEO, StartupLanes
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