Beverage brand Jimmy's receives Rs 6 crore in pre-series funding

Gurgaon-based beverage brand Jimmy’s Premium Cocktail mixers have raised Rs 6 crore in a pre-series funding.

The bridge round was led by Vinay Agarwal, director, First State Stewart Asia and Keki Mistry, HDFC Ltd, among others.

Existing investors and the founders of the company also participated in the funding round.

“This investment from investors who had participated in our previous round is testimony to our vision to be a market leader in the emerging premium beverage segment in India,” said Ankur Bhatia, founder, Jimmy’s Cocktails.

Launched in September 2019, Jimmy’s Cocktails had completed a seed round of Rs 2.5 crore just before the lockdown was announced.

“In less than a year, Jimmy’s Cocktails has scaled its presence to 1,500 retail outlets across 20 cities and seen a 20X growth. However, while we continue to invest behind the brand and scale our operations, our resolve to build an inherently profitable business is strong,” added Nitin Bhardwaj, Co-founder & COO of Jimmy’s Cocktails.