# Ronin Wines Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ronin-wines-pvt

- Industry: Consumer Products
- Headquarters: Pune, India
- Website: www.moonshinemeadery.com
- Total disclosed funding: $1.8M
- Latest round: Series A (Jun 16, 2023)
- Investors on record: 7

## About

Ronin Wines Pvt. Ltd., operating under the brand Moonshine Meadery, specializes in crafting artisanal meads, a unique alcoholic beverage made from honey, fruits, and spices, catering to a growing audience in India.Founded in 2016 in Pune, India, Ronin Wines Pvt. Ltd. creates innovative meads. The company was established by Mike Moonshine, Nitin Vishwas, and Rohan Rehani, with Mike Moonshine serving as CEO. The firm has successfully executed a total of 4 deals, with the most recent deal occurring on July 8, 2023, raising USD 0.67 mn from investor Rainmatter Capital, marking its total fundraising efforts at USD 0.67 mn.Moonshine Meadery specializes in crafting a diverse range of meads, a gluten-free alcoholic beverage made from the fermentation of honey with various fruits and spices. Their core product offerings include traditional meads, coffee-infused meads, and seasonal flavors, created using 100% natural honey sourced from responsible beekeepers. The meads are designed to appeal to consumers looking for unique alternatives to traditional beers and wines, and are marketed towards individuals and enthusiasts of artisanal beverages. Products are sold in metropolitan areas across India, including Mumbai, Pune, and Bengaluru, as well as through their online platform. Each product is crafted in small batches, emphasizing quality and creativity, with seasonal releases that cater to specific flavor profiles and trends in the beverage market.For the year 2023, Moonshine Meadery reported revenues of USD 1,480.9 mn, with an EBITDA of USD -517.2 mn. Revenue generation occurs primarily through direct sales to consumers, either through retail outlets or online platforms, reflecting the artisanal nature of the products and their quality.In July 2023, Ronin Wines Pvt. Ltd. raised USD 0.67 mn in venture funding to support future growth initiatives. The company plans to expand its product line with new mead varieties designed to cater to emerging market trends. Additionally, they aim to penetrate new geographic regions, with specific targets set for expansion into other major cities in India by late 2024. The recent funding will be utilized to bolster marketing efforts and enhance distribution channels, facilitating access to their unique mead offerings.

## Funding rounds

- Series A, Jun 16, 2023, $0.8M — Rainmatter
- Series A, Sep 3, 2022, $1M — Anthill Ventures, LVX, Auxano, SiriusOne Capital, Supermorpheus, Merisis Advisors

## Investors

- Anthill Ventures (https://capitalatlas.ai/funds/anthill-ventures) — Series A
- LVX (https://capitalatlas.ai/funds/lvx) — Series A
- Auxano — Series A
- SiriusOne Capital (https://capitalatlas.ai/funds/siriusone-capital) — Series A
- Supermorpheus — Series A
- Merisis Advisors — Series A
- Rainmatter (https://capitalatlas.ai/funds/rainmatter) — Series A