Liquor Store Investment Opportunities in Mumbai

- India’s first digital led "liquor retail". - It is an Alco-Bev platform. - The business has an mobile app with over 100k downloads and also its own website. - Deliveries are ongoing in Maharashtra. Recently secured a delivery license for West Bengal also. - Company combines the compliance of a traditional distribution system with the new age of direct-to-consumer e-commerce. - It has collaborations with various suppliers. - 90% of area coverage is in Mumbai and Thane. - The business has made INR 29 crores of sales in the last 20 months at an average order value of INR 2,100. - Capable of 50% year-on-year organic growth. - Maharashtra’s first-ever digital bar. Buying booze is now possible at the tap of your fingertips. - The bar comes to the doorstep to be the digital drinking buddy, all that in the comfort and safety of your home. - There is a slight dip in sales because of the Covid pandemic. - Their vision is to democratize liquor value chain. - Highly scalable and profitable business from day 1. - Deep tie ups with liquor brands for obtaining products at 25% higher gross margins than legacy players. This supports in achieving profitability from day 1. - Product and tech stack ready for scale up. - Exclusive partnership with a top unicorn q-commerce company for demand syndication. - Founders have three decades of experience in handling liquor retail & distribution and also successfully scaling a tech first business into a multimillion dollar company. Key Highlights into future prospects: - Amongst the only 4 companies to be awarded license for online delivery in West Bengal. - Founder was in the Maharashtra government panel led by E&Y and Diageo for formulation of online delivery framework in Maharashtra.