- September 2, 2021 / 13 min readIn the coming days, Salud will expand its footprint into other markets such as Goa and Orissa and additional domestic markets.[p=
Urban Lifestyle brand Salud Beverages is high on expansion and is using funds raised to establish a formidable retail presence with flagship brand Salud G&T 2.0, a bottled gin and tonic cocktail, as well as to build a diverse product portfolio.
Launched in Karnataka earlier this year, it raised USD 1.1 million as of March 2021.
The VC fund, comprising actors and HNIs includes
serial entrepreneur and leading Indian actor Rana Daggubati, and former Managing Director of Microsoft India, Srinivas Koppolu, among others backed by Prasad Vanga’s Anthill Ventures.
“We are a focussed brand striving to put India on the global map, alongside the best countries in the world, with some of the finest spirits including bottled cocktails, craft spirits, non-alcoholic beverages and more,” said Ajay Shetty, Founder-Director, Salud Beverages who is not willing to stop there but continue to innovate with products and experiences that will lead to a loyal consumer base.
Today G&T 2.0 is available in over 500 retail outlets, with 250,000 bottles sold and a consumer base that is growing every passing day.
After successfully launching the brand in Karnataka, bringing out the country's first RTD gin and tonic in a bottle, Salud followed it up by introducing SaludMerch and Salud Sessions. SaludMerch offers an exclusive range of fashion and lifestyle merchandise and accessories. Salud Sessions, the music label, collaborates with leading DJs from around the country creating compilation volumes of electronic beats, accompanied by music videos.
In the coming days, Salud will expand its footprint into other markets such as Goa and Orissa and additional domestic markets. It will also be adding new flavours to the G&T 2.0 range, as well as expanding with new offerings in both, the alcoholic and non-alcoholic beverage segments. It expects to triple its current sales by the end of FY 2021-22. Entering international markets in the Middle East and Europe is also a part of the long term strategic plan that should materialise by the end of the year.
Ready-to-drink (RTD) cocktails are fast becoming the drink of choice – from millennials to connoisseurs alike. Everybody is warming up to the idea of bottled cocktails, and it cuts across demographics, culture and lifestyle.
Salud G&T 2.0 is currently available in three refreshing flavours - Original, Cucumber and Lavender, all of which are distilled in Goa.
The Indian alcobev ecosystem has become increasingly dynamic in recent times. This is a result not onlyof many players entering the market but also the appetite of a consistently growing consumer base that has shown great interest in healthier, more responsible and more unique and modern drinking options. Reports indicate that the global size of RTD cocktails market is expected to clock USD 1775.1 million by 2028, and India is ripe with potential, rankingamong the top 3 largest alcoholic beverage markets in the world.
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