Funding · Commerce & Consumer Brands
3 Sisters Drinks raises ₹2.51 crore from independent investors
By Startup Enthusiast ·
- Date
- Company
- 3 Sisters Drinks
- What it does
- Non-alcoholic beverages and contract manufacturing
- Kind
- Funding
- Amount
- ₹2.51 Cr
- Stage
- seed
- Founded
- 2021
What they do
3 Sisters Drinks makes non-alcoholic beers and sodas under Adhar Beverages
What happened
It raised ₹2.51 crore from independent investors, with 10% from friends and family and 2% from a Dubai-based strategic investor
Why it matters
The company appeared on Shark Tank India but did not get funding on the show
The details
- 3 Sisters Drinks appeared on Shark Tank India Season 5, arriving in an auto rickshaw, but did not receive funding on the show.
- The company recently raised ₹2.51 crore from independent investors.
- It diluted 12% equity: 10% from friends and family and 2% from a Dubai-based strategic investor.
- Revenue for the last financial year was approximately ₹11.9 crore.
- Expected revenue for the current year is approximately ₹26 crore, and the company remains profitable.
- The funding will support capacity expansion, wider distribution, and operational improvements at the plant.
The bigger picture
- Founders identified a gap in the Indian market: limited options like cola or energy drinks, and demand for social drinking without alcohol, especially among Gen Z and millennials.
- Biggest challenges include building a distribution network, reaching the right outlets, and educating the market about the concept.
- The founders describe their approach as steady rather than aggressive, focusing on production efficiency, margins, and building demand market by market.
About the business
- 3 Sisters Drinks operates under Adhar Beverages Private Limited, founded in 2021.
- It has a dual approach: builds and sells its own beverage brands, and does contract manufacturing for other companies.
- It started with three flavors in the non-alcoholic beer category; the brand name 3 Sisters is derived from those three flavors.
- It has expanded into multiple categories and SKUs over time.
- Product range includes non-alcoholic beer flavors Cranberry and Kiwi Mint, and Indie Soda Classic Shikanji.
- The company has a presence across several Indian states and exports to multiple international markets.
- Repeat orders, both domestic and overseas, supported expansion.
What happens next
- The recent funding will support capacity expansion, wider distribution, and operational improvements at the plant.
The deal
- Type
- seed
Investors
- Friends and family (participated) — Invested 10% equity.
- Dubai-based entity (strategic) — Invested 2% equity.
Founders
- Sanjay Prasad Bari, co-founder
- Akshay Solanki, co-founder
- Nimish Solanki, co-founder
- Manish Kanunga, co-founder
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