Focusing on robust expansion plans and diverse product portfolio
Bengaluru-based startup Salud Beverages is all set to expand its footprint into new markets such as Goa and Orissa and additional domestic markets.
It will also be adding new flavours to the G&T 2.0 (a ready-to-drink gin and tonic) range, as well as expanding with new offerings in both, the alcoholic and non-alcoholic beverage segments.
The startup expects to triple its current sales by the end of FY 2021-22. Entering international markets in the Middle East and Europe is also a part of the long term strategic plan that should materialise by the end of the year.
Salud had raised $1.1 million as of March 2021. The venture capital (VC) fund, comprising actors and high net worth individual (HNIs) includes serial entrepreneur and leading Indian actor Rana Daggubati, and former Managing Director of Microsoft India, Srinivas Koppolu, among others backed by Prasad Vanga’s Anthill Ventures.