About Nao Spirits
Nao Spirits is a company based in Delhi (India) founded in 2017 by Abhinav Rajput, Aparajita Ninan, Vaibhav Singh, and Anand Virmani was acquired by Diageo India in June 2025.. Nao Spirits has raised $9.8 million across 6 funding rounds from investors including Diageo, Acutus Medical and Diageo India. The company has 54 employees as of April 08, 2024. Nao Spirits offers products and services including Greater Than Gin, Hapusa Gin, Juniper Bomb, and No Sleep. Nao Spirits operates in a competitive market with competitors including Diageo, Allied Blenders and Distillers, John Distilleries, Tilaknagar Industries and Globus Spirits, among others.
- Headquarter Delhi, India
- Employees 54 as on 08 Apr, 2024
- Founders Abhinav Rajput, Aparajita Ninan, Vaibhav Singh, Anand Virmani
- 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 Nao Spirits & Beverages Private Limited
- Date of Incorporation 01 Jan, 2010
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$3.99 M (USD)0as on Mar 31, 2023
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Net Profit
$-1.97 M (USD)0as on Mar 31, 2023
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EBITDA
$-1.9 M (USD)0as on Mar 31, 2023
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Total Equity Funding
$9.8 M (USD)
in 6 rounds
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Latest Funding Round
$1.83 M (USD), Series B
Jul 25, 2023
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Investors
Diageo
& 21 more
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Employee Count
54
as on Apr 08, 2024
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Acquired by
Diageo India
(Jun 21, 2025)
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Products & Services of Nao Spirits
Nao Spirits offers a comprehensive portfolio of products and services, including Greater Than Gin, Hapusa Gin, Juniper Bomb, and No Sleep. 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.
Handcrafted London Dry Gin using Indian botanicals for traditional consumption.
Himalayan Dry Gin with pine and wildflower notes for sipping straight.
Infused gin variant for unique flavor experiences in cocktails.
Coffee-infused gin designed for bold, energetic drinking occasions.
Funding Insights of Nao Spirits
Nao Spirits has successfully raised a total of $9.8M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $1.83 million completed in July 2023. 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 6
- Last Round Series B — $1.8M
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First Round
First Round
(21 Feb 2018)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series B - Nao Spirits | Valuation |
investors |
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| Mar, 2022 | Amount | Series B - Nao Spirits | Valuation | Diageo India | |
| Aug, 2020 | Amount | Series A - Nao Spirits | Valuation | Jay Kishore Nagrecha |
| 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 Nao Spirits
Nao Spirits has secured backing from 22 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Diageo, Acutus Medical and Diageo India. 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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Early-stage investments are targeted by Vigeo Ventures venture capital firm.
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Founded Year | Domain | Location | |
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Multi-category alcoholic beverage company
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Founded Year | Domain | Location | |
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Multi-category alcoholic beverages are produced and distributed by Diageo India.
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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 Nao Spirits
| 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 - Nao Spirits
| 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 |
Nao Spirits Comparisons
Competitors of Nao Spirits
Nao Spirits 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, Allied Blenders and Distillers, John Distilleries, Tilaknagar Industries and Globus Spirits, 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 |
Manufacturer of alcoholic beverages
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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 |
Brand of spirits
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| domain | founded_year | HQ Location |
IMFL and country liquor are manufactured in North India.
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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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Latest news on Nao Spirits
Frequently Asked Questions about Nao Spirits
When was Nao Spirits founded?
Nao Spirits was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Nao Spirits located?
Nao Spirits is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of Nao Spirits?
Anand Virmani is the current CEO of Nao Spirits. They have also founded this company.
Is Nao Spirits a funded company?
Nao Spirits is a funded company, having raised a total of $9.8M across 6 funding rounds to date. The company's 1st funding round was a Series A of $2.05M, raised on Feb 21, 2018.
How many employees does Nao Spirits have?
As of Apr 08, 2024, the latest employee count at Nao Spirits is 54.
What is the annual revenue of Nao Spirits?
Annual revenue of Nao Spirits is $3.99M as on Mar 31, 2023.
What does Nao Spirits do?
Nao Spirits, established in 2017 and currently in Acquired stage, focuses on food and agriculture, alcoholic beverage products, offering various spirits, and multi-category. Brand of multi-category alcoholic spirits. Adapting to market demands with innovation and client-focused strategies. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Nao Spirits?
Nao Spirits's top competitors include Diageo, John Distilleries and Allied Blenders and Distillers.
What products or services does Nao Spirits offer?
Nao Spirits offers Greater Than Gin, Hapusa Gin, Juniper Bomb, and No Sleep.
Who are Nao Spirits's investors?
Nao Spirits has 22 investors. Key investors include Diageo, Acutus Medical, Diageo India, Omega Finhold, and Rubal Jain.
What is Nao Spirits's valuation?
The valuation of Nao Spirits is $17.04M as of Jul 2023.