A seed round led by Venture Catalysts has raised Rs. 5.7 crore ($669K) for the luxury beverage brand Malaki. The Dadachanji Family Office and Maarc Ventures also took part.
The money raised will be utilized to scale Malaki's Crystal Bottle product, increase its presence in rapid commerce, and provide first-rate hospitality. It intends to improve its footprint in important metro areas including Delhi NCR, Hyderabad, Jaipur, and Bengaluru, as well as its online platforms and sustainability programs.
Mohit and Ashish Bhatia founded Malaki in 2020. The company sells goods in eco-friendly glass bottles, including tonic waters, alkaline waters, sparkling waters, and ginger ales. Known for its patented Crystal Bottle design, the company garnered popularity after making an appearance on Shark Tank India.
In addition to operating more than 500 upscale HORECA locations, Malaki has alliances with Singapore Airlines, the Ritz-Carlton, and Hyatt in places like Mumbai, Pune, and Goa.
Malaki has significant development potential, according to Venture Catalysts, which has invested in firms including Beardo, Pee Safe, and BharatPe. The market for premium beverages in India is anticipated to expand quickly due to customer demand for sustainable and healthier options.
Recently, in a seed fundraising round headed by Sauce VC, lifestyle company Uni Seoul has raised Rs. 5 crore ($585K), with Panthera Peak Ventures, Arun Venkatachalam, Sangeet Agrawal, Navin Parwal, and Yogesh Kabra also participating.
The money raised would go towards increasing its offline presence in tier I cities like Chennai, Hyderabad, and Bengaluru. In addition, Uni Seoul intends to enhance its supply chain management, boost marketing initiatives, introduce new private labels, and modernize its direct-to-consumer platform.
