Tag: Deepender Singh

  • “Availability is the key to success for a FMCG product”: Deepender Singh

    “Availability is the key to success for a FMCG product”: Deepender Singh

    Mumbai: Swizzle is a Bengaluru-based new-age beverage startup. Founded in May 2019, Swizzle started as a specialist cocktail kit delivery startup, the company is making waves in the industry by offering a refreshing twist to traditional mocktails. What sets them apart is their commitment to using 100% natural ingredients making it India’s first organic mocktail startup and providing consumers with a premium and authentic drink experience. The startup, founded by young visionaries, delivers its mocktails through popular platforms like Amazon, Swiggy minis and its own website, drinkswizzle.in. Swizzle also has its presence across various retails and MRPs across Bengaluru providing a better beverage experience to all.

    The company has also concluded its pre-seed funding round, securing equity investment from four angel investors. This funding propels Swizzle forward in its mission to introduce a diverse lineup of premium mocktails. With this, Swizzle also has exciting plans on the horizon, including the introduction of canned mocktails for HoReCa and QSRs, a direct-to-consumer launch, and nationwide expansion. Their goal is to be present in over 1000 locations by August 2024, serving close to five lakh mocktails monthly.

    Indiantelevision.com caught up with Swizzle co-founder Deepender Singh. In this conversation, Singh graciously shared valuable insights into the journey and vision of Swizzle.

    Edited excerpts

    On the journey of Swizzle from a cocktail kit delivery service to India’s first 100% Natural mocktail startup been

    Well it has been a fabulous journey so far with lots of ups and downs, but the one thing which kept us alive is to come up with the best solutions for the consumers. Whether it was freshly made Swizzle’s DIY cocktail kits or Swizzle’s RTD mocktails now, our vision to provide 100% Natural beverage has been steady. In the journey of 4 years we got various suggestions to use artificial ingredients and do the job traditionally how it is being done in the market, but we never explored that and did our R&D with the continuous feedback of our beloved customers. Today we’re proud to launch our authentic premium mocktails at an affordable price for a better world.

    On some cultural aspects, Swizzle celebrate through its innovative offerings

    India is land of vast varieties of Flora and Fauna which is our heritage and pride. We at Swizzle believe in utilising these resources from nature and giving back to nature for a sustainable ecosystem. It’s not about creating just a generational company, our vision to create a sustainable ecosystem for upcoming generations and a beautiful earth. Being a Co-founder of Swizzle I’m proud to say that I’m a part of this mission to utilise India’s heritage and deliver Made in India products for the global market.

    On ensuring its products are both vegan and free from harmful chemicals

    We don’t outsource the manufacturing of these flavours, we have done our R&D and developed our SOP”s which are followed strictly. In the whole process of manufacturing there is no involvement of chemicals or artificial ingredients. Every single ingredient we use is natural hence we’re able to deliver every single drink free from additives and chemicals.

    On contributing to environmental sustainability through its packaging and operations

    Our packaging includes a premium aluminium can which is eco-friendly and recyclable. Our aim is to produce Zero non-biodegradable waste in every stage of our process. While manufacturing we only generate fruits or herbs waste (biodegradable waste and good for nature) and then we pack it only in eco-friendly packaging options. Hence we’re creating an environmentally

    sustainable business, from Nature for Nature.

    On the rise of growing demand for immunity-boosting beverages amidst the COVID-19 pandemic

    The COVID-19 pandemic has led to a heightened awareness of the importance of maintaining a strong immune system. As people prioritise their health and well-being, they are turning to immunity-boosting beverages as a convenient and proactive way to support their immune systems and reduce the risk of illness.

    On elaborating Swizzle’s plans for nationwide expansion and the introduction of new products

    Availability is the key to success for a FMCG product, and impactful marketing will help to generate the demand.

    Swizzle mocktails are rapidly expanding their availability across Bangalore, with over 250 locations including 150 vending machines, Nature Basket stores, MRP outlets, and supermarkets. By August 2024, we aim to be accessible in over 1000 locations and plan to extend our reach to new cities, bolstering our distribution network.

    To ensure convenience, we’re partnering with quick delivery platforms like Instamart and Blinkit, ensuring our products are just a few clicks away and delivered within minutes.

    With projected revenue of Rs 15 Crore for FY 25, driven by our presence in over 5000 locations, including 1500 retail stores across Bangalore, Hyderabad, Mumbai, Pune, and Chennai, Swizzle is poised for significant growth and impact in the FMCG sector.

  • Swizzle gets a seed funding boost to bolster its Mocktails’ range

    Swizzle gets a seed funding boost to bolster its Mocktails’ range

    Mumbai: Bengaluru-based new-age beverage startup Swizzle – pioneering provider of Made-in-India mocktails crafted entirely with natural ingredients – has announced raising an undisclosed amount in seed funding from multiple angel investors. The recently-concluded equity-based seed investment round was led by Swizzle’s existing investor Mrs. Monika Rao, and witnessed participation from another prior investor Dr. Akshay Singhal, Founder & CEO, of Log9 Materials; while the new investors of this round include Deepak Gambhir and Sri Harsha Thota. Swizzle had, back in 2022, raised its first funding round, the proceeds from which has been spent by the startup towards product development and obtaining product-market fit. Till date, the startup has raised cumulative funding of over Rs one crore.  

    The newly acquired seed capital shall enable Swizzle to promote its exciting new range of premium canned mocktails on a grand scale in the near future. Moreover, the startup plans to use the funds towards team building (hiring skilled and talented people across sales, distribution, marketing, and other roles), inventory enhancement (building up more inventory to increase in-store product availability and meet surging demand), quality control (maintenance of premium, high-level standards across the production value chain), and expansion of its distribution network (optimizing logistics, partnerships, and systems in order to ensure smooth and widespread availability of Swizzle mocktails, especially on the retail side). Additionally, a significant portion of these funds shall also be allocated towards marketing and brand-building initiatives such as online and offline campaigns, pop-ups and events, branded packaging and collateral creation, and so on, with the end-goal of increasing brand awareness and reaching a wider potential user base.  

    Speaking about the fundraise, Swizzle co-founders Vrinda Singhal and Deepender Singh said, “We are super excited to announce our latest seed fundraise, which marks a pivotal milestone in Swizzle’s journey, and catalyses our mission of revolutionizing the beverage industry in India. It allows us to introduce our line-up of refreshing mocktail products to a wide audience across both the B2C and B2B segments, and establish a strong presence across retail locations. By August 2024, we aim to be accessible in more than 1000 locations and plan to extend our reach to several new cities across the nation, thus bolstering our distribution network. And the latest funds raised shall play an instrumental role in achieving this goal through implementing effective marketing and go-to-market strategies, thereby propelling us forward to experience accelerated growth in the years to come, and helping us become the preferred choice for more and more beverage enthusiasts across India.”

    Rao said, “Swizzle has demonstrated a unique ability to innovate and bring to market a range of high quality mixers. Their revamped hip and cool branding and packaging will help them scale and acquire the upwardly mobile young customer base across Tier 1 cities. This category is still young and favours ready to consume innovative products. Swizzle is placed uniquely to capture this market segment”.