Loca Loka, the Singapore-based AlcoBev company backed by actor Rana Daggubati and music composer Anirudh Ravichander, has raised $12.5 million from undisclosed investors from a Singapore-based family office.
This infusion of capital is said to strengthen the company’s financial foundation, fuelling R&D for new portfolio innovations and accelerating global expansion. The brand debuted in the USA and South-East Asia in 2024 with its two flagship products — Tequila Blanco and Tequila Reposado.
Harsha Vadlamudi, Founder and CEO of Loca Loka, said, “This funding round represents a pivotal moment in our journey at Loca Loka. As we navigate the dynamic and rapidly evolving global tequila landscape, this strategic investment validates our vision and the incredible potential of our brand portfolio. “
The global tequila market is projected to grow from $14.13 billion in 2024 to $15.83 billion in 2025, with an anticipated CAGR of 5.26 per cent through 2030. In India specifically, the market growth estimated at 12.69 per cent from 2025 to 2033.
Rana Daggubati, Co-Founder – Loca Loka, also added, “This fund raise has brought in investors who are also strategic partners who are reimagining the global tequila landscape with us. Their confidence in our entrepreneurial expertise and strategic acumen drives our ambitious expansion plans, turning market potential into tangible success. We remain unwavering in our pursuit of redefining excellence in the tequila ecosystem.”
“Money talks, but we’re making it sing. With this infusion, we’re turning up the volume on storytelling — where craft, music, and art collide to create something the world won’t just watch, but feel.” Anirudh Ravichander, Co-Founder – Loca Loka commented.