Entrepreneur Name- Conrad Braganza and Desmond Nazareth
About the Entrepreneur- The company was founded by Conrad Braganza and Desmond Nazareth, who both hail from Goa.
Desmond is a mechanical engineering graduate from IIT Madras.
LinkedIn Profile:- https://www.linkedin.com/in/desmondnazareth/
| Brand Name– | Desmondji |
| Brand Website- | https://desmondji.com/ |
| Business Category– | Beverages |
Innovation- Yes, DesmondJi Business Vision presents a selection of locally-made liqueurs, including Asia’s first agave spirits produced in India, as well as other alcoholic beverages made from indigenous ingredients.
| Company Valuation– | ₹100 Crores |
| Equity Asked– | ₹1 cr for 1% Equity |
| Deal Closed– | No |
| Target City/Country- | Worldwide |
| Total Addressable Market- | $15.57 billion by 2029 |
| Product/Services– | Agave Spirits & Liqueurs |
About the Product- Desmondji, India’s pioneering craft distillery established in 2011, specializes in producing top-notch alcoholic beverages, including Agave spirits, derived from the Agave plant.
The company recently unveiled another unique product – Madhuca spirit – the only spirit globally crafted from sweet flowers.
With a farm-to-bottle and forest-to-bottle approach, they offer a variety of spirits, liquors, and cocktail blends, having sold a whopping 1.2 million bottles to date.
They currently operate in three states and two union territories, mainly targeting Maharashtra, Goa, and Karnataka.
Their objective is to create a global alcoholic brand using Indian raw materials and extend its reach worldwide.
Following the pandemic, they have revamped their business strategy.
Conclusion–
Conrad Braganza and Desmond Nazareth asked ₹1 cr for 1% Equity. None of the sharks were interested in the deal. It concluded in No Deal.
