Ronin Wines Raises USD 675K from Rainmatter Capital, Grip Invest in pre-Series A Funding

Pune-based Ronin Wines Private Limited has raised USD 675k from Rainmatter Capital and Grip Invest as a part of their larger pre-Series A funding.

The makers of Moonshine Meads, Ronin Wines also witnessed participation from Auxano Capital, Supermorpheus, Anthill Capital and a clutch of existing and new angel investors.

The capital will be used to increase the brand’s depth in existing markets while helping the business expand the honey and bee-keeping focussed brand, Moonshine Honey Project.

“We are very excited to have the two investors join us as we build Moonshine. Rainmatter's commitment to tackling climate change and supporting sustainability ties well with our mission to support the dwindling bee population in the country. With Grip Invest joining our team, we now have access to numerous alternate financing solutions that we will need as we scale our alcobev business,” shared Nitin Vishwas, Co-founder, Ronin Wines.

Started in 2021, MHP has focussed on sale of honey via both B2C and B2B routes and has recently taken up Bee conservation as a key focus area by launching their one-of-a-kind initiative, ‘Bee Hotels’ in May this year.

Ronin Wines Launched in 2018, by ISB Hyderabad alum, Nitin Vishwas and his childhood friend, Rohan Rehani, Moonshine is India’s first mead brand. Made by fermenting 100% pure honey with various fruits and spices, Moonshine’s meads are low alc., carbonated and part of the fast growing Ready To Drink segment (beyond beers category) in India.

Moonshine is currently available in Maharashtra, Karnataka, Goa, Haryana, Rajasthan, Himachal Pradesh, UAE, Australia and New Zealand.