A pre-Series A funding round led by Inflection Point Ventures (IPV) has raised Rs 5.2 crore for the craft alcoholic beverage startup Feline Spirits.
The money raised will be utilized to enter new markets and diversify the company’s holdings.
Feline Spirits, which was founded by Prabhat Sharma and Rohit Saxena, specializes in handcrafted vodka, whisky, and brandy in the premium and mass-premium markets using real ingredients and open distillation methods.
With more than 20 lakh customers, Feline Spirits is presently present in eight states and union territories.
According to the brand, it sold over 4.1 lakh bottles (19,751 cases) in FY25, bringing in Rs 25 crore. It has obtained operating licenses in eight markets, five of which are owned and run by the government.
With a 55% gross profit margin in the premium segment, the platform offers reasonably priced, premium spirits in an effort to close the gap between expensive international brands and subpar mass-market goods.
The spirits market in India is expected to grow at a compound annual growth rate (CAGR) of 6.51% through 2028, reaching $31 billion in 2024, according to market research. It is anticipated that the global market will increase from $1.4 trillion in 2022 to $2 trillion by 2027.
