Rio Innobev, the Pune, India-based homegrown beverage company behind RIO Bubbly Fruit Drink and RIO BOOM Energy Drink, raised ₹10 Crore in Pre-Series A funding.
The round was led by Atomic Capital, and other investors.
The company intends to use the funds to expand its portfolio across indulgence, health, and functional beverage segments, catering to evolving consumer preferences.
Led by CEO Rahul Sangoi, Rio Innobev is a beverage company providing flavour-packed products including RIO Bubbly Fruit Drink and RIO BOOM Energy Drink. Currently present in over 35,000 retail stores across more than 25 cities in Maharashtra and Gujarat, the company aims to scale to 1,00,000 outlets over the next three years while deepening its presence with Quick Commerce platforms and modern trade networks.
FinSMEs
17/04/2025