Ronin Wines, which manufactures alcoholic beverage Moonshine, raised $2 million in Pre-Series A led by Anthill Capital where Auxano Capital, Supermorpheus, Merisis and existing, as well as new angel investors, also have participated,
Ronin Wines produces homegrown meads. According to the statement, the startup uses a variety of ingredients to make its sub-brand Moonshine Meadery, including multifloral honey, orange blossom honey, coffee beans, guavas, apples, chillies, and kaffir lime. The funds will be used by Ronin Wines to expand its Moonshine Meadery product in existing markets such as Maharashtra, Karnataka, Goa, Uttar Pradesh, Himachal Pradesh, Rajasthan, Assam, and Silvassa. Furthermore, it will invest in new markets such as Haryana and West Bengal, as well as export its product to international markets.