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The Mumbai edition · 2026

Alcoholic beverage productscompanies in Mumbai

Spirits, beer, wine, premium & online, startups and more: the companies building alcoholic beverage products in Mumbai, Maharashtra, with their founders, funding, team size and business models.

Explore in Radar See the ranked list ↓
50 company profiles25 with reported revenue7 with recorded fundingOctober 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent alcoholic beverage products business events in India

Funding, M&A, contract wins and launches involving 360 alcoholic beverage products companies in India, last 24 months: 43 M&A deals · 15 launches · 13 Contracts · 6 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

LaunchBeer

Medusa Beverages

Beer maker Medusa Beverages has entered South India, launching in Karnataka with plans for extensive retail reach.

Beer
LaunchGamber Valley Indian Single Malt Whisky

Alcobrew distilleries india

Alcobrew Distilleries India Limited has made its formal entry into the luxury segment with the launch of Gamber Valley Indian Single Malt Whisky, a range built around Himalayan…

Whisky
Funding

Nao spirits

The most recent competitors to raise funding was Nao Spirits, which secured $1.83M in Jul, 2023.

ContractSupply

Brews & Bliss LLP · client: Cmj Breweries

Its Shilong-based subsidiary CMJ Breweries has inked an agreement with Brews & Bliss LLP, which holds exclusive rights to manufacture, market and sell Golden Eagle Beer, the company said…

Beverage
ContractSupply

Cmj Breweries · client: Mohan Meakins

Asgard Alcobev has announced that its subsidiary CMJ Breweries and Brews & Bliss LLP has entered into an agreement to recreate the iconic Golden Eagle Beers of Mohan Meakins (Solan) to…

M&AAcquisition · Completed

R V Ravikumar acquires Ravi kumar distilleries

R V Ravikumar has acquired additional equity shares in Ravi Kumar Distilleries Limited through an open market purchase, as disclosed in a regulatory filing under SEBI regulations.

Distilleries
M&AAcquisition · Announced

Allied blenders and distillers acquires Kion Blenders Industries

Allied Blenders and Distillers announced that its board has approved to enter into shareholders’ agreement with Kion Blenders Industries to acquire a 50% stake from the existing…

LaunchCorona Cero

AB InBev India

Global brewer AB InBev has introduced Corona Cero in India, marking the debut of the zero-alcohol variant of its flagship Corona portfolio in the country.

Non-alcohol beer
LaunchRockford Circle Season 3

Modi illva

Modi Illva today announced the launch of the highly anticipated third season of its flagship IP, Rockford Circle.

IP
ContractInfrastructure

Na · client: Allied blenders and distillers

To support growth, the company has already invested 5.25 billion rupees ($57.7 million) to set up its own bottling units and allocated an additional 1.1 billion rupees in January to…

Spirits
M&AAcquisition · Completed

Asgard acquires Cmj Breweries

New Delhi: Asgard Alcobev, formerly known as Banganga Paper Industries, has completed the acquisition of CMJ Breweries, a leading contract brewing facility in Northeast India.

M&AAcquisition · Completed

Asgard Alcobev acquires Cmj Breweries

Asgard Alcobev, formerly known as Banganga Paper Industries, has strategically acquired a 78.9 percent equity stake in CMJ Breweries, a prominent contract brewing facility in Northeast…

Contract Brewing
ContractSupply

Na · client: AB InBev India

AB InBev India is set to bolster its procurement strategy by sourcing more than 16,000 tons of locally grown barley by 2026, a move expected to enhance supply chain resilience and…

Agriculture
M&AAcquisition · Announced

Sbi mutual fund acquires United breweries

SBI Mutual Fund has risen its stake in United Breweries to over 5% by acquiring an extra 60,683 shares on February 1, 2026.

LaunchKingfisher Smooth

United breweries

United Breweries Limited (UBL), part of the HEINEKEN Company, today announced the launch of Kingfisher Smooth, a strategic innovation that expands the Kingfisher portfolio within India’s…

Strong Beer
M&AAcquisition · Completed

Tilaknagar industries acquires Imperial Blue whisky

Pernod Ricard followed suit, selling its Imperial Blue whisky business to India’s Tilaknagar Industries

IMFL manufacturer
M&AAcquisition · Announced

Banganga Paper Industries acquires Cmj Breweries

The Board of Directors of Banganga Paper Industries approved the proposal to acquire 79 per cent equity stake in CMJ Breweries for ₹22 crore through a share swap.

M&AAcquisition · Completed

Tilaknagar industries acquires Imperial Blue whisky brand

Notable transactions this year include Tilaknagar Industries' $486 million purchase of the Imperial Blue whisky brand

Food and Beverages
LaunchHeineken Silver

United breweries

United Breweries Ltd (UBL) has announced the launch of Heineken Silver in New Delhi, with availability beginning November 25, 2025.

Premium mild lager
ContractGovernment

Sula vineyards · client: Nashik tax authority

Sula Vineyards: The company receives a Rs 21.5 crore demand order from the Nashik tax authority due to unverified exporter shipping bills on the ICEGATE portal.

Government
M&AAcquisition · Completed

Som Distilleries & Breweries acquires Woodpecker Greenagri Nutrients Private Limited

Som Distilleries & Breweries Limited (SDBL) has announced the completion of its acquisition of Woodpecker Greenagri Nutrients Private Limited (WGNPL), marking a significant expansion of…

Nutrients
Launch1965 Spirit of Victory Espresso Coffee Premium Dark Rum

Radico khaitan

Radico Khaitan Ltd has introduced 1965 Spirit of Victory Espresso Coffee Premium Dark Rum in Uttar Pradesh, with plans to expand to Jharkhand and Haryana.

Rum
M&AAcquisition

Equity Intelligence India acquires Associated Alcohols & Breweries

Equity Intelligence India, the portfolio management company founded by ace investor Porinju Veliyath, has picked half a percent equity stake in Associated Alcohols & Breweries, the…

M&AAcquisition

Radico khaitan acquires D’YAVOL Spirits B.V.

Radico acquired a 47.5% equity stake in D’YAVOL Spirits B.V., aiming to take India to the World by building bottled-in-origin luxury brands, targeting Tequila and other niche categories.

Funding

Bira 91

Indian craft beer brand Bira 91 is in advanced discussions to raise around $132 million, marking its largest-ever funding round as it looks to strengthen its balance sheet and support…

Investors Global emerging markets
Craft beer
ContractGovernment

Carlsberg india · client: Ministry of Food Processing Industries (MoFPI), Government of India

The company has signed a Memorandum of Understanding (MoU) with the Ministry of Food Processing Industries (MoFPI), Government of India, at World Food India 2025, which was held during…

Food processing
ContractTechnology

Zaggle Prepaid Ocean Services · client: Pernod ricard india

Zaggle Prepaid Ocean Services Ltd, engaged in providing spend management solutions and financial technology products, has entered into a 3-year agreement with Pernod Ricard India Private…

FinTech
M&AAcquisition · Rumored

Sula vineyards acquires Na

Sula Vineyards is in talks to acquire 2-3 small brands to enter whisky, scotch and vodka segments, the channel reported.

M&AAcquisition · Terminated

Allied blenders and distillers acquires Good Barrel Distillery Private Limited

Allied Blenders and Distillers Limited on Thursday said it has decided not to proceed with its planned acquisition of up to 51% stake in Good Barrel Distillery Private Limited.

Wine-making
ContractInfrastructure

Ilios Breweries Pvt. Ltd. · client: United breweries

Shares of United Breweries Ltd (UBL), India’s largest beer maker and part of the HEINEKEN group, jumped 2.3% to their day’s high of Rs 2,070 on the BSE on Wednesday after the company…

Beverage

Alcoholic beverage products companies in Mumbai, by revenue

Browse alcoholic beverage products companies in Mumbai by reported revenue, one-year revenue growth, revenue model, age and stage. The 25 companies below are the largest by their most recent reported revenue among 25 alcoholic beverage products companies in Mumbai, Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 25

Manufacturer of alcoholic beverages

Alcoholic beverage products
₹8,094.02 crFY 2024-25
+5%2024–2025
1,559+6% 12 mo to Nov 2023LinkedIn · Oct 2026
40 yr1986
0none in 3 months

Brand of spirits

Alcoholic beverage products
₹2,972.40 crFY 2023-24
Not reported
770+10% 12 mo to Aug 2024LinkedIn · Oct 2026
93 yr1933
0none in 3 months

Manufacturer and marketer of alcoholic beverages

Alcoholic beverage products
₹2,551.79 crFY 2024-25
+2%2024–2025
8-2% 12 mo to Aug 2024LinkedIn · Oct 2026
45 yr1981
0none in 3 months

IMFL Brand

Alcoholic beverage products
₹2,451.48 crFY 2024-25
Not reported
11LinkedIn · Oct 2026
41 yr1985
0none in 3 months

Brand of wines, spirits, and beers

Alcoholic beverage products
₹384.27 crFY 2024-25
Not reported
211-16% 12 mo to Sep 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months · last posted Jun 2026

Manufacturer of distilled spirits and brewed beverages for retail distribution

Alcoholic beverage products
₹306.12 crFY 2024-25
-6%2024–2025
72LinkedIn · Oct 2026
21 yr2005
0none in 3 months

Provider of online slot games and casino services

Alcoholic beverage products
₹149.04 crFY 2024-25
+12%2024–2025
51-6% 12 mo to Sep 2024LinkedIn · Jul 2026
42 yr1984
0none in 3 months

Internet first brand of wines

Alcoholic beverage products
₹86.83 crFY 2024-25
+24%2024–2025
142+8% 12 mo to Aug 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months · last posted Mar 2026

Brand of various distilled spirits including vodka, gin, rum, and whiskey

Alcoholic beverage products
₹80.32 crFY 2024-25
+0%2024–2025
8LinkedIn · Jul 2026
13 yr2013
0none in 3 months · last posted Sep 2025

Provider of spirits and alcohols

Alcoholic beverage products
₹64.96 crFY 2021-22
Not reported
193-6% 12 mo to Sep 2024recorded Sep 2024
65 yr1961
—No postings tracked

Brand of wine

Alcoholic beverage products
₹25.19 crFY 2023-24
+318%2023–2024
4LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Brand of gin and gin-based cocktails

Alcoholic beverage products
₹19.39 crFY 2022-23
Not reported
55LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jan 2026

Beer manufacturer

Alcoholic beverage products
₹16.63 crFY 2024-25
-73%2024–2025
32-16% 12 mo to Sep 2024LinkedIn · Jul 2026
39 yr1987
0none in 3 months

Brand of multicategory alcoholic beverages

Alcoholic beverage products
₹15.47 crFY 2024-25
+110%2024–2025
15LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Platform offering anti-hangover shots

Alcoholic beverage products
₹6.01 crFY 2024-25
+64%2024–2025
1-79% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Distributor of canned and bottled food products to the hospitality industry

Alcoholic beverage products
₹3.49 crFY 2024-25
+54%2024–2025
13-10% 12 mo to Mar 2024LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Brand of cider

Alcoholic beverage products
₹2.39 crFY 2024-25
+35%2024–2025
9LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Brand of cider

Alcoholic beverage products
₹1.89 crFY 2021-22
Not reported
8LinkedIn · Jul 2026
210 yr1816
0none in 3 months · last posted May 2026

Provider of rum made from a blend of aged rum

Alcoholic beverage products
₹1.08 crFY 2024-25
-40%2024–2025
—Not available
3 yr2023
0none in 3 months

Brand of rum and spirits

Alcoholic beverage products
₹94.74 lakhFY 2024-25
Not reported
7LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Premium beer brand

Alcoholic beverage products
₹70.72 lakhFY 2022-23
-18%2022–2023
7LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Brand of rum

Alcoholic beverage products
₹59.31 lakhFY 2024-25
+14%2024–2025
7LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Internet first brand of craft beers

Alcoholic beverage products
₹39.66 lakhFY 2023-24
-20%2023–2024
—Not available
7 yr2019
0none in 3 months

Brand of gin

Alcoholic beverage products
₹24.76 lakhFY 2024-25
+1058%2024–2025
—Not available
4 yr2022
0none in 3 months

Brand of beer

Alcoholic beverage products
₹22.92 lakhFY 2024-25
-58%2024–2025
3LinkedIn · Jul 2026
10 yr2016
0none in 3 months
25 of 50 companies shown here · the full list is on Radar
Fliar Radar

Explore all 50 alcoholic beverage products companies in Mumbai on Radar

This page shows the top 25. Radar has the complete, filterable list with contacts and live company signals.

Open alcoholic beverage products in Mumbai on Radar
  • Every company, not just 50All 50 alcoholic beverage products companies in Mumbai, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore alcoholic beverage products companies in Mumbai by what you are looking for

Browse alcoholic beverage products companies in Mumbai, from spirits and whisky makers to breweries and wine brands. Find top alcoholic beverage companies in Mumbai, listed alcobev companies and alcohol brand startups.

6 ways to explore alcoholic beverage products in Mumbai

Spirits, whisky, rum & gin companiesBreweries & beer companiesWine companies & brandsPremium & online alcohol brandsAlcoholic beverage startups in MumbaiAlcoholic beverage companies hiring in Mumbai

Spirits, whisky, rum & gin companies

Distillers and brands of whisky, rum, gin and other spirits.

  1. Allied Blenders and Distillers

    Manufacturer of alcoholic beverages

    Alcoholic beverage products
    See in list
  2. Tilaknagar Industries

    Brand of spirits

    Alcoholic beverage products
    See in list
  3. Amber Distilleries Limited

    IMFL Brand

    Alcoholic beverage products
    See in list
  4. Aspri Spirits

    Brand of wines, spirits, and beers

    Alcoholic beverage products
    See in list
  5. Privilege Industries

    Manufacturer of distilled spirits and brewed beverages for retail distribution

    Alcoholic beverage products
    See in list
45 companies in MumbaiAll 35 alcoholic beverage products companies in Mumbai →

Breweries & beer companies

Beer, cider and brewed beverage makers.

  1. G.M.Breweries

    Manufacturer and marketer of alcoholic beverages

    Alcoholic beverage products
    See in list
  2. Yuksom Breweries

    Beer manufacturer

    Alcoholic beverage products
    See in list
  3. Wildcraft Beverage

    Brand of cider

    Alcoholic beverage products
    See in list
  4. Morgan Beverages

    Brand of cider

    Alcoholic beverage products
    See in list
  5. White Owl Brewery

    Brand of beer

    Alcoholic beverage products
    Website
45 companies in MumbaiAll 35 alcoholic beverage products companies in Mumbai →

Wine companies & brands

Wineries and wine brands including still and sparkling wines.

  1. Good Drop Wine

    Internet first brand of wines

    Alcoholic beverage products
    See in list
  2. RockClimber

    Brand of wine

    Alcoholic beverage products
    See in list
  3. Reveilo

    Distributor of canned and bottled food products to the hospitality industry

    Alcoholic beverage products
    See in list
  4. RIO Fizzy Wine

    Brand of wine

    Alcoholic beverage products
    Website
  5. Anggels Share

    Brand of wines and spitits

    Alcoholic beverage products
    Website
45 companies in MumbaiAll 35 alcoholic beverage products companies in Mumbai →

Premium & online alcohol brands

Premium labels, internet-first brands and online beer and drink sellers.

  1. Deejay Distilleries

    Provider of online slot games and casino services

    Alcoholic beverage products
    See in list
  2. Stranger & Sons

    Brand of gin and gin-based cocktails

    Alcoholic beverage products
    See in list
  3. AMAR

    Platform offering anti-hangover shots

    Alcoholic beverage products
    See in list
  4. Reveilo

    Distributor of canned and bottled food products to the hospitality industry

    Alcoholic beverage products
    See in list
  5. White Owl Brewery

    Brand of beer

    Alcoholic beverage products
    Website
45 companies in MumbaiAll 35 alcoholic beverage products companies in Mumbai →

Alcoholic beverage startups in Mumbai

Newer alcoholic beverage brands in Mumbai.

  1. RockClimber

    Brand of wine

    Alcoholic beverage products
    See in list
  2. Wild Drum

    Brand of multicategory alcoholic beverages

    Alcoholic beverage products
    See in list
  3. Nomad Oscuro

    Provider of rum made from a blend of aged rum

    Alcoholic beverage products
    See in list
  4. Rock Paper Rum

    Brand of rum

    Alcoholic beverage products
    See in list
  5. Terry Sent Me

    Brand of gin

    Alcoholic beverage products
    See in list
17 companies in Mumbai

Alcoholic beverage companies hiring in Mumbai

Alcoholic beverage companies in Mumbai with open jobs.

  1. Aspri Spirits

    Brand of wines, spirits, and beers

    Alcoholic beverage products
    See in list
  2. Good Drop Wine

    Internet first brand of wines

    Alcoholic beverage products
    See in list
  3. Prestige Alco Bev

    Brand of various distilled spirits including vodka, gin, rum, and whiskey

    Alcoholic beverage products
    See in list
  4. Stranger & Sons

    Brand of gin and gin-based cocktails

    Alcoholic beverage products
    See in list
  5. Morgan Beverages

    Brand of cider

    Alcoholic beverage products
    See in list
7 companies in Mumbai
The business behind the activity

Alcoholic beverage products financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 23 alcoholic beverage products companies in Mumbai, Maharashtra for FY24-25 — 31 of the 50 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 95% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹17,463.42 cr

23 companies filing accounts

combined net profit₹748.94 cr

4.3% aggregate margin

are profitable61%

14 of 23 companies

median revenue~₹16.6 cr

the typical company

median revenue growth+7%

into FY24-25

earned by the top five95%

revenue concentration

Six-year view

Combined revenue of filing companies

₹11,837.95 crFY19-2021 filers
₹9,616.97 crFY20-2123 filers
₹11,888.10 crFY21-2226 filers
₹15,191.45 crFY22-2329 filers
₹16,611.86 crFY23-2427 filers
₹17,463.42 crFY24-2523 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 23 companies over three years

+16%
FY22-23₹15,111.35 cr₹201.39 cr net
FY23-24₹16,515.24 cr₹445.71 cr net
FY24-25₹17,463.42 cr₹748.94 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr50% profitable
₹1–10 cr450% profitable
₹10–100 cr771% profitable
₹100–1,000 cr3100% profitable
Over ₹1,000 cr4100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking8
0–20%8
20–50%3
50–100%2
Doubled+2

23 companies with accounts for both years; median growth +7%.

Profitability

Profit is concentrated at the top

14profitable
9loss-making
4.3%aggregate margin
0.9%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Wild DrumWILD DRUM BEVERAGES PRIVATE LIMITED+110%₹15.47 cr
Morgan BeveragesMORGAN BEVERAGES PRIVATE LIMITED+31%₹22.13 cr
Good Drop WineGOOD DROP WINE CELLARS PRIVATE LIMITED+24%₹86.83 cr
Deejay DistilleriesDEEJAY DISTILLERIES PRIVATE LIMITED+12%₹149.04 cr
Amber Distilleries LimitedEUREKA FORBES LIMITED+11%₹2,450.16 cr
Tilaknagar IndustriesTILAKNAGAR INDUSTRIES LIMITED+7%₹3,191.55 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Tilaknagar IndustriesTILAKNAGAR INDUSTRIES LIMITED7.5%₹3,191.55 cr
Amber Distilleries LimitedEUREKA FORBES LIMITED6.7%₹2,450.16 cr
G.M.BreweriesG M BREWERIES LIMITED5.1%₹2,551.79 cr
Privilege IndustriesPRIVILEGE INDUSTRIES LIMITED4.8%₹306.12 cr
Aspri SpiritsASPRI SPIRITS LIMITED4.0%₹384.86 cr
Deejay DistilleriesDEEJAY DISTILLERIES PRIVATE LIMITED3.3%₹149.04 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Alcoholic beverage products23₹17,463.42 cr~₹16.6 cr61%4.3%
Leaders

Largest alcoholic beverage products companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Allied Blenders and DistillersAllied Blenders And Distillers Limited₹8,094.40 cr₹200.13 cr2.5%+5%
Tilaknagar IndustriesTILAKNAGAR INDUSTRIES LIMITED₹3,191.55 cr₹239.43 cr7.5%+7%
G.M.BreweriesG M BREWERIES LIMITED₹2,551.79 cr₹129.04 cr5.1%+2%
Amber Distilleries LimitedEUREKA FORBES LIMITED₹2,450.16 cr₹163.29 cr6.7%+11%
Aspri SpiritsASPRI SPIRITS LIMITED₹384.86 cr₹15.32 cr4.0%+7%
Privilege IndustriesPRIVILEGE INDUSTRIES LIMITED₹306.12 cr₹14.78 cr4.8%-6%
Deejay DistilleriesDEEJAY DISTILLERIES PRIVATE LIMITED₹149.04 cr₹4.94 cr3.3%+12%
Good Drop WineGOOD DROP WINE CELLARS PRIVATE LIMITED₹86.83 cr₹4.91 lakh0.1%+24%
Yash WinesYASH WINES PRIVATE LIMITED₹84.82 cr₹1.38 cr1.6%-7%
Prestige Alco BevPRESTIGE ALCO BEV PRIVATE LIMITED₹80.32 cr₹34.74 lakh0.4%+0%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

AdTech Industry Landscape of Mumbai

The financials above are one chapter. The full alcoholic beverage products landscape of Mumbai maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the alcoholic beverage products landscape of Mumbai
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Alcoholic beverage products funding and M&A across India

187 recorded equity rounds have gone to 360 alcoholic beverage products companies in India — how much, at which stage, into which sub-sectors, from whom, and how Mumbai compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months4

US$1.19m

equity rounds, last 24 months12

US$14.17m

raised over five yearsUS$411.89m

99 rounds in India

M&A deals, India43

last 24 months

Capital by year

Equity funding into alcoholic beverage products in India

amount rounds
$94m201814
$47m201915
$35m202013
$128m202124
$201m202225
$27m202324
$47m202416
$8.3m20257
$1.2m20263

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$200.70m across 25 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$22.44m20 rounds · median US$102k
SeedUS$31.02m58 rounds · median US$343k
Series AUS$34.12m11 rounds · median US$1.67m
Series BUS$10.87m3 rounds · median US$4.12m
Series D+US$313.45m7 rounds · median US$36.15m
Where the money went · five years

Most-funded sub-sectors

Alcoholic beverage productsUS$411.89m99 rounds · 42 companies
Corporate activity · last 24 months

M&A in India

43Acquisition

Most active acquirers

  1. Tilaknagar industries19
  2. Allied blenders and distillers7
  3. Radico khaitan2
  4. R V Ravikumar1
  5. Asgard1

Most acquired or merged

  1. Imperial Blue4
  2. Cmj Breweries3
  3. Tilaknagar industries3
  4. Imperial Blue whisky2
  5. Pernod ricard india2

Each deal appears in the events strip at the top of the page.

Go deeper in the alcoholic beverage products landscape reports:

AdTech Industry Landscape of Mumbai Auto Industry Landscape of Mumbai Auto Tech Industry Landscape of Mumbai

Alcoholic beverage products funding in Mumbai

7 alcoholic beverage products companies in Mumbai have recorded equity funding, US$29.82m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind alcoholic beverage products companies in Mumbai. 28 of 50 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Keep exploring alcoholic beverage products in India and nearby markets.

Coming soon