About Toit
Toit is a company based in Bengaluru (India) founded in 2009 by Arun George. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. Toit has raised $2.66 million across 3 funding rounds from investors including European Union, PP Ventures and Dss Investment. The company has 19 employees as of March 28, 2024. Toit offers products and services including Craft Beer and Brewpub Experience. Toit operates in a competitive market with competitors including Diageo, John Distilleries, Geist, United Breweries and Latambarcem Brewers, among others.
- Headquarter Bengaluru, India
- Employees 19 as on 28 Mar, 2024
- Founders Arun George
- 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
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- Legal Name Toit Breweries Private Limited
- Date of Incorporation 15 Mar, 2017
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$324.43 K (USD)3577.88as on Mar 31, 2023
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Net Profit
$-1.08 M (USD)-384.09as on Mar 31, 2023
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EBITDA
$-327.72 K (USD)-80.12as on Mar 31, 2023
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Total Equity Funding
$2.66 M (USD)
in 3 rounds
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Latest Funding Round
$1.1 M (USD), Series A
Apr 15, 2021
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Investors
European Union
& 2 more
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Employee Count
19
as on Mar 28, 2024
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Products & Services of Toit
Toit offers a comprehensive portfolio of products and services, including Craft Beer and Brewpub Experience. 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.
Craft beer is brewed with unique, perfected recipes.
Brewpub experience is offered with food and ambiance.
Funding Insights of Toit
Toit has successfully raised a total of $2.66M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1.1 million completed in April 2021. 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 3
- Last Round Series A — $1.1M
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First Round
First Round
(09 Sep 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series A - Toit | Valuation | PP Ventures | |
| Nov, 2020 | Amount | Grant - Toit | Valuation |
investors |
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| Sep, 2020 | Amount | Series A - Toit | Valuation | PP Ventures , Dss Investment |
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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 Toit
Toit has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include European Union, PP Ventures and Dss Investment. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Provider of financial advisory services
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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 Toit
| 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 - Toit
| 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 |
Toit Comparisons
Competitors of Toit
Toit 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, Geist, United Breweries and Latambarcem Brewers, 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 |
Craft beer is manufactured, distributed, and retailed by Geist.
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| domain | founded_year | HQ Location |
Processed beverages are manufactured and marketed globally by United Breweries.
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| domain | founded_year | HQ Location |
Craft beers and functional beverages are produced artisanally.
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| domain | founded_year | HQ Location |
Liquor is processed and managed by SOM Group of Companies.
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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 Toit
When was Toit founded?
Toit was founded in 2009 and raised its 1st funding round 11 years after it was founded.
Where is Toit located?
Toit is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Toit a funded company?
Toit is a funded company, having raised a total of $2.66M across 3 funding rounds to date. The company's 1st funding round was a Series A of $1.56M, raised on Sep 09, 2020.
How many employees does Toit have?
As of Mar 28, 2024, the latest employee count at Toit is 19.
What is the annual revenue of Toit?
Annual revenue of Toit is $324.43K as on Mar 31, 2023.
What does Toit do?
Craft beer is brewed and distributed by Toit across multiple locations in India. Brewpubs are operated in Bangalore, Pune, and Mumbai, offering a unique hospitality experience. Various beer varieties such as Tint-In-Wit, Nitro Stout, and India Pale Ale are crafted. Partnerships with bars and MRP stores are maintained for wider distribution. The focus is placed on quality and customer engagement in the beverage sector.
Who are the top competitors of Toit?
Toit's top competitors include Diageo, John Distilleries and United Breweries.
What products or services does Toit offer?
Toit offers Craft Beer and Brewpub Experience.
Who are Toit's investors?
Toit has 3 investors. Key investors include European Union, PP Ventures, and Dss Investment.
What is Toit's valuation?
The valuation of Toit is $21.57M as of Apr 2021.