About Rio
Rio is a company based in Pune (India) founded in 2011 by Rahul Sangoi, Rohan Sangoi, and Rajiv Sangoi. It operates as a Direct-to-Consumer (D2C). Rio has raised $1.16 million across 1 funding round from investors including Atomic Capital. The company has 106 employees as of April 07, 2024. Rio offers products and services including Rio Fusion Bubbly Fruit Drink and Boom Energy Drink. Rio operates in a competitive market with competitors including Lahori Zeera, Polka Pop, Svami, Campa Cola and Vaum, among others.
- Headquarter Pune, India
- Employees 106 as on 07 Apr, 2024
- Founders Rahul Sangoi, Rohan Sangoi, Rajiv Sangoi
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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
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- Legal Name Rio Innobev Private Limited
- Date of Incorporation 23 Aug, 2020
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$2.89 M (USD)10.32as on Mar 31, 2023
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Net Profit
$-249.56 K (USD)-1449.08as on Mar 31, 2023
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EBITDA
$-16.59 K (USD)-112.51as on Mar 31, 2023
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Total Equity Funding
$1.16 M (USD)
in 1 rounds
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Latest Funding Round
$1.16 M (USD), Seed
Apr 15, 2025
- Investors
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Employee Count
106
as on Apr 07, 2024
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Products & Services of Rio
Rio offers a comprehensive portfolio of products and services, including Rio Fusion Bubbly Fruit Drink and Boom Energy Drink. 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.
A bubbly fruit drink with vibrant, zesty flavors.
An energy drink designed to boost daily performance.
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 Total Funding
- Total Rounds 1
- Last Round Seed — $1.2M
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First Round
First Round
(15 Apr 2025)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2025 | Amount | Seed - Rio | Valuation | Atomic Capital |
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| 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 Rio
Rio has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Atomic Capital. 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 venture capital fund providing investment and operating support to startups in emerging categories.
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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 Rio
| 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 - Rio
| 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 |
Rio Comparisons
Competitors of Rio
Rio 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 Lahori Zeera, Polka Pop, Svami, Campa Cola and Vaum, 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 |
Traditional flavored sodas are produced with natural ingredients and spices.
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| domain | founded_year | HQ Location |
Premium sparkling water with natural flavors is crafted.
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| domain | founded_year | HQ Location |
Non-alcoholic beverages including nitro coffee and tonics are manufactured.
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| domain | founded_year | HQ Location |
Carbonated soft drinks, including cola, are produced and distributed.
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| domain | founded_year | HQ Location |
Produces and sells unique crafted tonics and botanical waters for novel drinking experiences.
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| domain | founded_year | HQ Location |
Manufactures carbonated soft drinks and bottles Royal Crown in Eastern India.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Rio
When was Rio founded?
Rio was founded in 2011 and raised its 1st funding round 14 years after it was founded.
Where is Rio located?
Rio is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of Rio?
Rahul Sangoi is the current CEO of Rio. They have also founded this company.
Is Rio a funded 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 15, 2025.
How many employees does Rio have?
As of Apr 07, 2024, the latest employee count at Rio is 106.
What is the annual revenue of Rio?
Annual revenue of Rio is $2.89M as on Mar 31, 2023.
What does Rio do?
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.
Who are the top competitors of Rio?
Rio's top competitors include Lahori Zeera, Polka Pop and Svami.
What products or services does Rio offer?
Rio offers Rio Fusion Bubbly Fruit Drink and Boom Energy Drink.
Who are Rio's investors?
Rio has 1 investor. Key investors include Atomic Capital.