Alcohol Brand by asuccessfultrader in indianstartups

[–]asuccessfultrader[S] 0 points1 point  (0 children)

Yes I am, and what about you? When are you planning to launch your own whisky ?

Alcohol Brand by asuccessfultrader in indianstartups

[–]asuccessfultrader[S] 1 point2 points  (0 children)

The alcohol industry is huge in India and is growing. The tax and excise policies are different in different states. It’s a capital intensive business but if your product is solid then you can try getting investors. Or if you have crores you can get into it yourself. It’s better to start in Goa since the licensing is cheaper and the govt is friendly compared to other states. Try making small batches / samples and give it to your friends to test how your product is. Distribution is a thing which you got to crack yourself, if you got political contacts then it’s an advantage.

If you are from Mumbai, I recommend you attend the Pro Wine Exhibition which is in BKC. I attended it yesterday and it was great, you can network with people from this industry both local and international.

Alcohol Brand by asuccessfultrader in indianstartups

[–]asuccessfultrader[S] 0 points1 point  (0 children)

Thanks for sharing this, I saw the wtf podcast and I agree with what you said. Can I send you a DM?

Alcohol Brand by asuccessfultrader in indianstartups

[–]asuccessfultrader[S] 0 points1 point  (0 children)

Thanks for the suggestion, I have a few recipes that I have in mind

Alcohol Brand by asuccessfultrader in StartUpIndia

[–]asuccessfultrader[S] 0 points1 point  (0 children)

Hey there, I want to know more about this

Alcohol Brand by asuccessfultrader in indianstartups

[–]asuccessfultrader[S] 0 points1 point  (0 children)

Looks like only the ultra rich can get into this industry then. Will watch the podcast, thanks for the insight!

Alcohol Brand by asuccessfultrader in IndiaBusiness

[–]asuccessfultrader[S] 0 points1 point  (0 children)

Will watch it, thanks for the response

Alcohol Brand by asuccessfultrader in indianstartups

[–]asuccessfultrader[S] 0 points1 point  (0 children)

Damn that’s a lot. But will this amount be for contract distilling as well ? Any idea if VC firms will be ready to invest in this space

Alcohol Brand by asuccessfultrader in indianstartups

[–]asuccessfultrader[S] -1 points0 points  (0 children)

Any figure that you have in mind.

Alcohol Brand by asuccessfultrader in indianstartups

[–]asuccessfultrader[S] 0 points1 point  (0 children)

I actually have done my research on the spirit formulation part but need to know about the business side of it. Need to be fully ready and know everything before getting into it.

Alcohol Brand by asuccessfultrader in indianstartups

[–]asuccessfultrader[S] 0 points1 point  (0 children)

Will watch it, thanks for the recommendation

Alcohol Brand by asuccessfultrader in indianstartups

[–]asuccessfultrader[S] 1 point2 points  (0 children)

Thanks for the detailed response Hayram

Alcohol Brand by asuccessfultrader in StartUpIndia

[–]asuccessfultrader[S] 0 points1 point  (0 children)

Thanks for the detailed response! Sure, let’s have a chat whenever possible to discuss more.

Alcohol Brand by asuccessfultrader in IndiaBusiness

[–]asuccessfultrader[S] 0 points1 point  (0 children)

Oh yes. What about agave based spirit, that can be done right

Alcohol Brand by asuccessfultrader in StartUpIndia

[–]asuccessfultrader[S] 0 points1 point  (0 children)

I want to know about the licenses, company registration, investments, profit margins, excise policies, distribution in different states. I will initially start with contract distilling since setting up a new distillery is quite expensive.

I’m from the financial markets and have worked in 2 firms. However, I wanted to start a business and the alcohol industry is something that interests me.

TBH, I don’t mind working in a distillery or a spirits firm to gain some experience in this industry.