Nuvola Spirits raises funding for Mikiamo Limoncello’s expansion

Nuvola Spirits Pvt Ltd, the company behind Mikiamo Limoncello, has raised Rs1.57 crore in a strategic Pre-Series A funding round from leading alco-bev industry figures.

The round saw investments from Ishwaraj Singh Bhatia, Co-Founder & COO of Simba Beer and ZigZag Vodka, who picked up a 5.75 percent stake, and Suraj Awatramani, a prominent distributor in Maharashtra and Goa, who acquired a 5 percent stake. The funding will support the expansion of Mikiamo Limoncello across India, following its debut in Goa in May 2024 and subsequent launches in Delhi, Haryana, and Karnataka.

“From the very beginning, we set out to create products that marry global craftsmanship with an understanding of the Indian consumer and Limoncello is just the start,” said Aakriti Kochhar Sachdeva, Co-founder of Nuvola Spirits.

Backers see significant potential in India’s emerging premium liqueur category. “Mikiamo is well-positioned to lead this wave, it is authentic, high-quality, and culturally relevant to India’s evolving drinking culture,” said Ishwaraj Singh Bhatia.

Founded in 2023 by Aakriti and Raghav Sachdeva, Nuvola Spirits aims to introduce more global-inspired premium liqueurs, tapping into India’s fast-evolving cocktail culture.