About Rio
Rio is a Consumer company based in Pune (India) founded in 2011 by Rahul Sangoi, Rohan Sangoi, and Rajiv Sangoi. Fizzy fruit-flavored drinks are produced by Rio Innobev. It operates on a Direct-to-Consumer (D2C) model. Rio has raised $1.16 million across 1 funding round from investors including Atomic Capital. The company has 106 employees. Its chief executive, as recorded, is Rahul Sangoi. Its website enjoyrio.in draws about 13 thousand monthly visits. Its Indian entity Rio Innobev Private Limited reported revenue of ₹25.76 Cr. Rio offers products and services including Rio Fusion Bubbly Fruit Drink and Boom Energy Drink. Its focus areas include Food & Beverage, Non-Alcoholic Beverages and Soft Drinks. Its competitors include Lahori Zeera, Polka Pop and Svami; 3 of its 3 listed competitors have raised funding.
Company details
Rio Innobev Private Limited is engaged in the production and distribution of innovative beverages, including Rio Fusion Bubbly Fruit Drink and Boom Energy Drink. The company operates in the non-alcoholic beverage sector, focusing on youth-oriented products with vibrant flavors and energizing properties. Solutions are tailored to provide refreshing and unique taste experiences through a variety of fruity and energy-boosting drinks.
- Headquarters Pune, India
- Employees 106
- Founders Rahul Sangoi, Rohan Sangoi, Rajiv Sangoi
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website enjoyrio.in
- Social LinkedIn Facebook YouTube
- Legal Name Rio Innobev Private Limited
- Date of Incorporation 23 Aug, 2020
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹25.76 Cr
FY 2025 · +22% YoY
- Net Loss-₹2.79 Cr
FY 2025 · -11% margin
- EBITDA-₹1.97 Cr
FY 2025 · -8% margin
- Total Equity Funding$1.16M (USD)
in 1 rounds
- Latest Funding Round$1.16M (USD), Seed
Apr 2025
- Investors
- Employee Count106
Associated legal entities of Rio
Rio operates through Rio Innobev 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 |
|---|---|---|---|---|---|---|---|
| Rio Innobev Private Limited CIN U15490PN2020PTC193271 | Active | 23 Aug 2020 | Pune, Maharashtra | ₹25.8 Cr | 106 | 4 | View details |
Products & Services of Rio
Rio offers a comprehensive portfolio of products and services, including Rio Fusion Bubbly Fruit Drink and Boom Energy Drink.
A bubbly fruit drink with vibrant, zesty flavors.
An energy drink designed to boost daily performance.
Apps and channels of Rio
its YouTube channel rio beverages has 366 subscribers and 30 videos.
Videos from Rio
The most watched videos on Rio's YouTube channel, rio beverages (366 subscribers). Click a video to play it here.
More on rio beverages.
Funding Insights of Rio
Rio has successfully raised a total of $1.16M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.16 million completed in April 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 $1.16M
- Total Rounds 1
- Last Round Seed — $1.16M
- First Round $1.16M
(Apr 2025)
- Investors Count 1
All 1 funding rounds of Rio 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 |
|---|---|---|---|---|---|
| Apr 2025 | $1.16M | Seed | – | Atomic Capital | – |
1 investors in total: 1 institutional.
Investors in Rio
Rio has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Atomic Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital fund providing investment and operating support to startups in emerging categories. | 2024 | atomiccapital.in | Mumbai, India |
Investor details for Rio
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Board of directors of Rio Innobev Private Limited (Rio)
Rio Innobev Private Limited is the primary company behind Rio. The board of Rio Innobev Private Limited currently have 4 directors; the longest-serving is Rahul Nemidas Sangoi, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rahul Nemidas Sangoi DIN 07287208 | Whole-time director | 23 Aug 2020 | 6 yrs 2 mo | Rio Innobev Private Limited |
| Rajiv Nemidas Sangoi DIN 07287228 | Whole-time director | 23 Aug 2020 | 6 yrs 2 mo | Rio Innobev Private Limited |
| Rohan Bharat Sangoi DIN 07287265 | Whole-time director | 23 Aug 2020 | 6 yrs 2 mo | Rio Innobev Private Limited |
| Apoorv Gautam DIN 07541929 | Nominee Director | 10 May 2025 | 1 yr 5 mo | Rio Innobev Private Limited |
People of Rio
3 people are tracked at Rio (3 in leadership); the tracked headcount is 106.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder & COO | Leadership |
Complete people profiles for Rio
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Financials of Rio
Figures of Rio Innobev Private Limited, the primary company behind Rio, for FY 2025. Revenue was ₹25.76 Cr (+22% year on year). Net loss was -₹2.79 Cr (-11% margin). EBITDA was -₹1.97 Cr (-8% margin). Revenue has grown at a compounded annual rate of +6% over three years.
- ₹25.76 CrRevenue · FY 2025 · +22% YoY
- -₹2.79 CrNet loss · -11% margin
- -₹1.97 CrEBITDA · -8% margin
- ₹1.3 LakhPaid-up capital
- 106Employees (provident fund records)
- +6%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Rio Innobev Private Limited are on its company page.
Detailed financial statements for Rio
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Rio
2 dated milestones of Rio across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Rio is founded.
- Funding First funding round of $1.2M.
Competitors of Rio
Rio has 3 listed competitors in our database, 3 of them funded. They include Lahori Zeera, Polka Pop and Svami.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lahorizeera.com | 2017 | Fatehgarh Sahib, India | $45.93M | 242 | Traditional flavored sodas are produced with natural ingredients and spices. | |
| polkapop.in | 2020 | Chennai, India | $345,129 | 2 | Premium sparkling water with natural flavors is crafted. | |
| svamidrinks.com | 2016 | Mumbai, India | $2.95M | 41 | Non-alcoholic beverages including nitro coffee and tonics are manufactured. |
Detailed competitors of Rio
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Web traffic of Rio
The website of Rio (enjoyrio.in) receives about 12.7K visits a month.
- Monthly visits12.7K
▲ 91% vs previous month
Top companies in Food & Beverage Products & Processing
3 companies that operate in the same segment as Rio (Food & Beverage Products & Processing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform offering a subscription-based delivery service for fresh milk and groceries | 2015 | Gurugram, Haryana, India | USD 228.42 M | USD 99.78 M | 3,464 | |
Subscription-based coffee products are offered by an internet-first brand. | 2013 | Gurugram, Haryana, India | USD 112.84 M | USD 25.83 M | 2,059 | |
Meat and seafood products are delivered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 564.84 M | USD 97.26 M | 2,828 |
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Related news about Rio
Complete news archive for Rio
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Frequently Asked Questions about Rio
Rio was founded in 2011 and raised its 1st funding round 14 years after it was founded.
Rio is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Rahul Sangoi is the CEO of Rio, as recorded in our data. They have also founded this company.
Rio is a funded company, having raised a total of $1.16M across 1 funding round to date. The company's 1st funding round was a Seed of $1.16M, raised on Apr 2025.
Rio has 106 employees.
The primary company behind Rio, Rio Innobev Private Limited, reported revenue of ₹25.76 Cr for FY 2025, up 22% year on year.
Rio Innobev Private Limited is engaged in the production and distribution of innovative beverages, including Rio Fusion Bubbly Fruit Drink and Boom Energy Drink. The company operates in the non-alcoholic beverage sector, focusing on youth-oriented products with vibrant flavors and energizing properties. Solutions are tailored to provide refreshing and unique taste experiences through a variety of fruity and energy-boosting drinks.
Rio's top competitors include Lahori Zeera, Polka Pop and Svami.
Rio offers Rio Fusion Bubbly Fruit Drink and Boom Energy Drink.
Rio has 1 investor. Key investors include Atomic Capital.
Rio operates through Rio Innobev Private Limited.
The legal entities of Rio currently have 4 directors, including Rahul Nemidas Sangoi, Rajiv Nemidas Sangoi, Rohan Bharat Sangoi and others.