Private Equity

Angel Investments

Tequila seller Ironhill Hospitality raises $10-M from actor Rana Dagubatti, two others

Mint  

Actor Rana Dagubatti has launched a new tequila with musician Anirudh Ravichander and Shree Harsha Vadlamudi, owner of microbrewery Ironhill India. The three together have invested USD 10 million in Hyderabad-headquartered Ironhill Hospitality Pvt Ltd.The tequila, called Loca Loka, will be made from agave grown in the Jalisco region of Mexico. Sales will begin in the US and the brand will be launched in India in the following 18-24 months.