About DesmondJi
DesmondJi is a company based in Panaji (India) founded in 2007 by Desmond Nazareth.. DesmondJi has raised $3.28 million across 8 funding rounds from investors including Bharath Realty, PDA Trade Fairs and Lionel Cardoza. The company has 20 employees as of March 29, 2024. DesmondJi offers products and services including Mahua Agave Orange Liqueur and Other Offerings. DesmondJi operates in a competitive market with competitors including Diageo, John Distilleries, SOM Group of Companies, Diageo India and Monika Alcobev, among others.
- Headquarter Panaji, India
- Employees 20 as on 29 Mar, 2024
- Founders Desmond Nazareth
- Stage Minicorn
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Agave Industries (India) Private Limited
- Date of Incorporation 22 Aug, 2007
- Jurisdiction Goa, Goa, India
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Annual Revenue
$1.71 M (USD)148.92as on Mar 31, 2023
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Net Profit
$696.37 K (USD)601as on Mar 31, 2023
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EBITDA
$779.57 K (USD)504.59as on Mar 31, 2023
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Total Equity Funding
$3.28 M (USD)
in 8 rounds
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Latest Funding Round
$133.69 K (USD), Seed
May 14, 2020
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Investors
Bharath Realty
& 66 more
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Employee Count
20
as on Mar 29, 2024
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Products & Services of DesmondJi
DesmondJi offers a comprehensive portfolio of products and services, including Mahua Agave Orange Liqueur and Other Offerings. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Artisanal liqueur made from natural Indian ingredients.
High-quality spirits crafted using Indian natural sources.
Funding Insights of DesmondJi
DesmondJi has successfully raised a total of $3.28M across 8 strategic funding rounds. The most recent funding activity was a Seed round of $133.69 thousand completed in May 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Seed — $133,686
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First Round
First Round
(01 Jan 2008)
- Investors Count 67
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2020 | Amount | Seed - DesmondJi | Valuation | Bharath Realty , Eric Nazareth | |
| Mar, 2016 | Amount | Angel Round - DesmondJi | Valuation | Robert Ronald Ambrose | |
| Sep, 2014 | Amount | Seed - DesmondJi | Valuation | PDA Trade Fairs |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in DesmondJi
DesmondJi has secured backing from 67 investors, including institutional and angel investors. Prominent investors backing the company include Bharath Realty, PDA Trade Fairs and Lionel Cardoza. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Chemical fertilisers are manufactured alongside construction and realty operations.
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Founded Year | Domain | Location | |
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Organizing B2B trade fairs, events, conferences, and publications in energy and agriculture sectors.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DesmondJi
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - DesmondJi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Desmondji Comparisons
Competitors of DesmondJi
DesmondJi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Diageo, John Distilleries, SOM Group of Companies, Diageo India and Monika Alcobev, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category alcoholic beverage company
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| domain | founded_year | HQ Location |
Brand of whiskey, rum, brandy, and wines
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| domain | founded_year | HQ Location |
Liquor is processed and managed by SOM Group of Companies.
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| domain | founded_year | HQ Location |
Multi-category alcoholic beverages are produced and distributed by Diageo India.
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| domain | founded_year | HQ Location |
Brand of wines and spirits
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about DesmondJi
When was DesmondJi founded?
DesmondJi was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Where is DesmondJi located?
DesmondJi is headquartered in Panaji, India. It is registered at Panaji, Goa, India.
Is DesmondJi a funded company?
DesmondJi is a funded company, having raised a total of $3.28M across 8 funding rounds to date. The company's 1st funding round was a Seed of $821.43K, raised on Jan 01, 2008.
How many employees does DesmondJi have?
As of Mar 29, 2024, the latest employee count at DesmondJi is 20.
What is the annual revenue of DesmondJi?
Annual revenue of DesmondJi is $1.71M as on Mar 31, 2023.
What does DesmondJi do?
DesmondJi was founded in 2007 and is based in Panaji, India. Operations focus on the alcoholic beverages sector, where a variety of craft products is provided, including agave spirits, sugarcane spirits, mahua spirits, liqueurs, and margarita blends. The brand serves as a multi-category option within the distilled spirits industry, with distribution centered in the Indian market. Key leadership is held by founder Desmond Nazareth.
Who are the top competitors of DesmondJi?
DesmondJi's top competitors include Diageo, John Distilleries and Diageo India.
What products or services does DesmondJi offer?
DesmondJi offers Mahua Agave Orange Liqueur and Other Offerings.
Who are DesmondJi's investors?
DesmondJi has 67 investors. Key investors include Bharath Realty, PDA Trade Fairs, Lionel Cardoza, Rahul Basu, and Sagar Pushpala.
What is DesmondJi's valuation?
The valuation of DesmondJi is $5.05M as of May 2020.