Alco-bev solution provider Swizzle has raised an undisclosed amount of seed funding from Dr. Akshay Singhal, Ms Monika Rao and from multiple investors.
The raised amount will be utilised to capture a wide market, manufacturing capacity, marketing enhancement and new product development, the company said in a press release.
According to Swizzle, the startup aims to achieve its targeted sales of over Rs 2.7 crore by improving significantly in terms of brand presence and increase the customer base by 7x by the end of this fiscal year. The company also plans to raise its Series A round soon.
Co-founded by Vrinda Singhal and Deepender Singh, Swizzle is an alco- bev solutions provider that curates handcrafted, fresh and premium varieties of cocktail mixes and mocktail syrups.
Currently, Swizzle has presence across over 50 restaurants in Bengaluru and having served over 100 events across India, the startup plans to launch Swizzle’s mocktail syrups in the cities of Delhi, Chandigarh and Mumbai in the upcoming months. The company also claims to have provided bar service for more than 100 private parties in Bengaluru.