About Medusa Beverages
Medusa Beverages is a Consumer company based in Delhi (India) founded in 2017 by Avneet Singh. A range of premium beers is produced using quality ingredients. Medusa Beverages has raised $9 million across 3 funding rounds from investors including Amal N Parikh, Ashwin Kedia and Ramesh Damani. The company has 1 employees. Medusa Beverages was last valued at $17.15 million in March 2024. Its chief executive, as recorded, is Avneet Singh. Its website medusabeer.com draws about 22 thousand monthly visits. Its Indian entity Medusa Beverages Private Limited reported revenue of ₹57.96 Cr. Medusa Beverages offers products and services including Premium Strong Beer, Air Mild Beer, Premium Water, and Merchandise. Its focus areas include Food and Agriculture, Alcoholic Beverage Products, Beer and Premium. Its competitors include United Breweries, Geist and Latambarcem Brewers; 2 of its 3 listed competitors have raised funding.
Company details
Medusa Beverages was founded in 2017 in Delhi, India, within the alcoholic beverages sector. Operations focus on manufacturing premium beers, including strong and mild varieties such as Medusa Premium Strong Beer and Medusa Air, alongside premium water. Emphasis is placed on quality ingredients and contemporary packaging. The company is led by founder and CEO Avneet Singh.
- Headquarters Delhi, India
- Employees 1
- Founders Avneet Singh
- Stage Minicorn
- SectorsConsumer
- Website medusabeer.com
- Social LinkedIn Facebook Instagram YouTube
- Legal Name Medusa Beverages Private Limited
- Date of Incorporation 18 Apr, 2017
- Jurisdiction Delhi, India
- Annual Revenue₹57.96 Cr
FY 2025 · +16% YoY
- Net Loss-₹4.21 Cr
FY 2025 · -7% margin
- EBITDA-₹1.99 Cr
FY 2025 · -3% margin
- Total Equity Funding$9M (USD)
in 3 rounds
- Latest Funding Round$6.48M (USD), Series A
Jan 2025
- Employee Count1
Associated legal entities of Medusa Beverages
Medusa Beverages operates through Medusa Beverages Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Medusa Beverages Private Limited CIN U37200DL2017PTC316254 | Active | 18 Apr 2017 | Delhi, Delhi | ₹58.0 Cr | 91 | 3 | View details |
Products & Services of Medusa Beverages
Medusa Beverages offers a comprehensive portfolio of products and services, including Premium Strong Beer, Air Mild Beer, Premium Water, and Merchandise.
Crisp strong lager beer designed for consumer enjoyment.
Smooth mild lager beer offering a light taste experience.
High-quality water complementing their beverage lineup.
Items like apparel for fans of the brand.
Apps and channels of Medusa Beverages
its YouTube channel Medusa India has 74 subscribers and 5 videos.
Videos from Medusa Beverages
The most watched videos on Medusa Beverages's YouTube channel, Medusa India (74 subscribers). Click a video to play it here.
More on Medusa India.
Funding Insights of Medusa Beverages
Medusa Beverages has successfully raised a total of $9M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6.48 million completed in January 2025. 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 $9M
- Total Rounds 3
- Last Round Series A — $6.48M
- First Round $1.02M
(Mar 2024)
- Investors Count 19
All 3 funding rounds of Medusa Beverages with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2025 | $6.48M | Series A | – | Amal N Parikh, Ashwin Kedia | |
| Dec 2024 | $1.5M | Seed | – | – | – |
| Mar 2024 | $1.02M | Angel Round | $17.15M | Nikhil Kalidass Garg, Neeti Garg |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2024 | $17.15M | •••••••• |
Last known valuation $17.15M (Mar 2024). 19 investors in total: 1 institutional and 18 angel.
Investors in Medusa Beverages
Medusa Beverages has secured backing from 19 investors, including angel and institutional investors. Prominent investors backing the company include Amal N Parikh, Ashwin Kedia and Ramesh Damani.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AN Amal N Parikh | unknown_d967baf039e14105b | |||
AK Ashwin Kedia | unknown_d1c7e845e58e4ee38 | |||
RD Ramesh Damani | unknown_acf58e3f08954c96b | |||
NG Nikhil Garg | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | unknown_738c9d84c84944a98 | ||
NK Nikhil Kalidass Garg | unknown_96e8d3a7345843a6b | |||
NG Neeti Garg | unknown_5e02f1bca9074a23b | |||
RR Rama Rao Domalapally | unknown_a34921fe6e1b4c749 | |||
MR Manas Ranjan Behera | unknown_862232b1c96d4722a | |||
GS Gauutam Seth | unknown_7236577af6244e7d8 |
Investor details for Medusa Beverages
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Board of directors of Medusa Beverages Private Limited (Medusa Beverages)
Medusa Beverages Private Limited is the primary company behind Medusa Beverages. The board of Medusa Beverages Private Limited currently have 3 directors; the longest-serving is Avneet Singh, appointed in 2021. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Avneet Singh DIN 06428849 | Managing Director | 10 Dec 2021 | 4 yrs 10 mo | Medusa Beverages Private Limited |
| Amardeep Singh DIN 07240520 | Director | 18 Oct 2022 | 4 yrs | Medusa Beverages Private Limited |
| Balinder Singh DIN 06428850 | Director | 17 Jul 2024 | 2 yrs 3 mo | Medusa Beverages Private Limited |
People of Medusa Beverages
1 people are tracked at Medusa Beverages (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Founder & CEO & MD | Leadership |
Complete people profiles for Medusa Beverages
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Verified entity values are shown only after access is granted.
Financials of Medusa Beverages
Figures of Medusa Beverages Private Limited, the primary company behind Medusa Beverages, for FY 2025. Revenue was ₹57.96 Cr (+16% year on year). Net loss was -₹4.21 Cr (-7% margin). EBITDA was -₹1.99 Cr (-3% margin). Revenue has grown at a compounded annual rate of +15% over three years and +18% over five years.
- ₹57.96 CrRevenue · FY 2025 · +16% YoY
- -₹4.21 CrNet loss · -7% margin
- -₹1.99 CrEBITDA · -3% margin
- ₹6.46 CrPaid-up capital
- 91Employees (provident fund records)
- +15%Revenue CAGR, 3 years
- +18%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Medusa Beverages Private Limited are on its company page.
Detailed financial statements for Medusa Beverages
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Medusa Beverages
4 dated milestones of Medusa Beverages across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Medusa Beverages is founded.
- Funding First funding round of $1.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $6.5M.
Competitors of Medusa Beverages
Medusa Beverages has 3 listed competitors in our database, 2 of them funded. They include United Breweries, Geist and Latambarcem Brewers.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| unitedbreweries.com | 1915 | Bengaluru, India | 64 | Processed beverages are manufactured and marketed globally by United Breweries. | ||
| geist.in | 2005 | Bengaluru, India | $8.31M | 261 | Craft beer is manufactured, distributed, and retailed by Geist. | |
| lbbrewers.com | 2017 | Bicholim, India | $1.5M | 29 | Craft beers and functional beverages are produced artisanally. |
Detailed competitors of Medusa Beverages
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Web traffic of Medusa Beverages
The website of Medusa Beverages (medusabeer.com) receives about 21.7K visits a month.
- Monthly visits21.7K
▼ 10.1% vs previous month
Top companies in Alcoholic & Tobacco Products
3 companies that operate in the same segment as Medusa Beverages (Alcoholic & Tobacco Products) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Flavored craft beers are produced and distributed by Bira 91. | 2015 | Delhi, Delhi, India | USD 456.92 M | USD 105.75 M | 1,020 | |
Brand of multi-category alcoholic spirits | 2017 | Delhi, Delhi, India | USD 9.83 M | USD 3.99 M | 54 | |
Brand of beer and spirits | 2017 | Gurugram, Haryana, India | USD 8.89 M | USD 2.66 M | 33 |
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Related news about Medusa Beverages
Complete news archive for Medusa Beverages
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Frequently Asked Questions about Medusa Beverages
Medusa Beverages was founded in 2017 and raised its 1st funding round 7 years after it was founded.
Medusa Beverages is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Avneet Singh is the CEO of Medusa Beverages, as recorded in our data. They have also founded this company.
Medusa Beverages is a funded company, having raised a total of $9M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $1.02M, raised on Mar 2024.
Medusa Beverages has 1 employees.
The primary company behind Medusa Beverages, Medusa Beverages Private Limited, reported revenue of ₹57.96 Cr for FY 2025, up 16% year on year.
Medusa Beverages was founded in 2017 in Delhi, India, within the alcoholic beverages sector. Operations focus on manufacturing premium beers, including strong and mild varieties such as Medusa Premium Strong Beer and Medusa Air, alongside premium water. Emphasis is placed on quality ingredients and contemporary packaging. The company is led by founder and CEO Avneet Singh.
Medusa Beverages's top competitors include United Breweries, Latambarcem Brewers and Geist.
Medusa Beverages offers Premium Strong Beer, Air Mild Beer, Premium Water, and Merchandise.
Medusa Beverages has 19 investors. Key investors include Amal N Parikh, Ashwin Kedia, Ramesh Damani, Nikhil Garg, and Crest Opportunities.
The valuation of Medusa Beverages is $17.15M as of Mar 2024.
Medusa Beverages operates through Medusa Beverages Private Limited.