Ethnic beverages brand Goli Soda, part of Mitaahaar Food Ideas has announced its plan to open 10 outlets in Hyderabad and sextuple its manufacturing to 12,000 bottles per day from 2,000 currently.
The beverage maker also plans to venture into Bengaluru and Chennai markets in the next few months and will be scouting for fresh investments.
Speaking to the media, Ravi Teja Jallepalli, founder, Goli Soda, said, “We are looking to enter Bengaluru and Chennai markets in the next nine to twelve months and would be looking at raising Rs 2.5-3 crore to be deployed in research and development.
The company makes coconut water and sugarcane juice and various other types of natural beverages and competes with the likes of Hector Beverages’ Paper Boat.
Other than their own stores, they have also partnered with food delivery app Swiggy and several restaurants.