Ronin Wines Private Limited, a Pune-based company known for producing Moonshine Meads, has accomplished a significant achievement by securing $675k in a pre-Series A funding round. The investment has been contributed by Rainmatter Capital and Grip Invest, with additional participation from Auxano Capital, Supermorpheus, Anthill Capital, and a consortium of angel investors.
The raised funds will be employed to enhance the brand’s presence in its current markets and facilitate the growth of Moonshine Honey Project, a brand centered around honey production and beekeeping. Moonshine Honey Project, which was introduced in 2021, has been actively engaged in selling honey through both B2C and B2B channels. Moreover, the project has recently launched a pioneering initiative known as ‘Bee Hotels’ to contribute to the preservation of solitary bees impacted by urbanization and deforestation.
Nitin Vishwas, Co-founder of Ronin Wines said, “We are very excited to have the two investors join us as we build Moonshine. Rainmatter’s commitment to tackling climate change and supporting sustainability aligns well with our mission to preserve the dwindling bee population in the country. With Grip Invest joining our team, we now have access to numerous alternative financing solutions that we will need as we scale our alcobev business.”
Founded in 2018 by Nitin Vishwas and Rohan Rehani, Moonshine stands as a trailblazing mead brand in India. Blending pure honey with a medley of fruits and spices, Moonshine crafts its meads through the process of fermentation. With a focus on being low in alcohol and carbonated, Moonshine’s meads are leading the charge in India’s rapidly expanding Ready-To-Drink market.
In their quest for innovation, Moonshine continually explores a wide array of ingredients. From multifloral honey and orange blossom honey to coffee beans, guavas, apples, chillies, and kaffir lime, they curate a diverse range of meads to satisfy diverse palates. Alongside their flagship meads like Apple Mead, Traditional Mead, and Coffee Mead, Moonshine introduces seasonal offerings under the name MeadLABs.
Having garnered acclaim within the Indian alcoholic beverage sector, Moonshine’s presence extends across multiple regions. Currently, their products are available in Maharashtra, Karnataka, Goa, Haryana, Rajasthan, Himachal Pradesh, UAE, Australia, and New Zealand.
