Alcohol beverage start-up gets multiple backing
Hotline: 1800 102 2007
X
Search Business Opportunities
2012-11-19

Alcohol beverage start-up gets multiple backing

Private equity player Ajay Relan, Shrinivas Dempo, the chairman of Dempo Group, and Sanjeev Bikhchandani will together be backing the Indian alcoholic beverage start-up Agave India producing branded agave spirits.

Private equity player Ajay Relan, Shrinivas Dempo, the chairman of Dempo Group, and Sanjeev Bikhchandani will together be backing the Indian alcoholic beverage start-up Agave India producing branded agave spirits.

Started by an IITian Desmond Nazareth, a US returned software developer, had cultivated agave in the Deccan region eventually setting up a micro distillery at Chittor in Andhra Pradesh. Agave India's products under DesmondJi brand has recently forayed in larger Indian cities. It is already available in Goa, Pondicherry and Daman since year.

The portfolio includes indigenously made agave spirits, orange liqueur made of Nagpur oranges and blended Margarita priced between Rs 1,000 to Rs 1,700 per quart in Mumbai.

Investors like Dempo, Relan and Bikchandani have angel funded Agave India in their personal capacities.

Among the investors, Shrinivas Dempo has business interests in shipping, mining, foods and media while Relan spearheads $550 million CX Partners. Bikchandani is the founder of Info Edge, parent company of Internet firms like job search engine Naukri.com.

Related opportunities
  • Quick Service Restaurants
    About Us: Wrap It Up, Headquartered in the United Kingdom is..
    Locations looking for expansion Delhi
    Establishment year 2004
    Franchising Launch Date 2006
    Investment size Rs. 30lac - 50lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Tea and Coffee Chain
    About Dr. Bubbles: Dr. Bubbles is one of the few dedicated..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Beauty Salons
    About Us: Hair Speak is an international-grade spa & salon brand..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Other Vocational Training
    Started in 2006, Indian Institute of Computer Science (IICS) is..
    Locations looking for expansion Haryana
    Establishment year 2006
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts