COMPANY INTELLIGENCE PROFILE
Euphoric Beverages Private Limited
Euphoric Beverages Pvt Ltd is a Bengaluru-based alcobev startup that manufactures and markets "obe Cocktails" (also styled O'Be Cocktails) — India's ready-to-drink (RTD) craft canned cocktails at 8% ABV, marketed under the tagline "Pour | Garnish | Drink #allmixedup" (per Instagram bio and LinkedIn funding coverage).
Euphoric Beverages Pvt Ltd, based in Bengaluru, operates in the manufacturing and sale of alcoholic beverages such as RTD craft cocktails under the "obe Cocktails" brand. Founded by Nitesh Prakash, this DPIIT-recognized startup reported a revenue of approximately ₹4.32 crore for FY2024. The company experienced a 6% decline in revenue year-on-year and incurred a net loss. It recently secured funding in a Pre-Series A round led by Inflection Point Ventures.
AI-generated, may contain errors.
Business Overview
- Euphoric Beverages Pvt Ltd is a Bengaluru-based alcobev startup that manufactures and markets "obe Cocktails", also styled O'Be Cocktails, — India's ready-to-drink (RTD) craft canned cocktails at 8% ABV, marketed under the tagline "Pour | Garnish | Drink #allmixedup", per Instagram bio and LinkedIn funding coverage.
- Founded by Nitesh Prakash.
- Recognised as a DPIIT startup (Falconebiz).
- EPFO employee count reported as ~4, TheCompanyCheck, indicating a very small team/early-stage operation.
Sector & Classification
Manufacturing & sale of alcoholic beverages (RTD/craft cocktails) — NIC 15134-type; DPIIT-recognised startup (Falconebiz)
Directors & Key Management
Directors — source notes
Nitesh Prakash (also recorded as "Nitesh Anil Kumar Prakash"), DIN 08476515, director since incorporation (10 Jun 2019). Anil Kumar Ambasta, DIN 08476516, appointed as director 08 Feb 2021 (Falconebiz gives this date; Tofler shows ~5-year tenure, consistent). DINs cross-confirmed by Tofler and TheCompanyCheck.
GST Registrations
Not obtained. Could not locate an individual GSTIN page (knowyourgst/findgst/mastersindia) tied specifically to this entity/PAN within available access; GST section on TheCompanyCheck/Falconebiz was paywalled or returned 404. Home state would be Karnataka per registered address, but this is inferred, not confirmed via a GST source.
Financials
In FY2024, Euphoric Beverages reported a revenue of approximately ₹4.32 crore, down about 6% YoY. Despite an operating margin of 8.08%, the company faced a net loss with a net profit margin of -5.71%. Return on Equity was notably low at -382.49%, while debt-to-equity stood at 3.35, indicating rising borrowings.
AI-generated, may contain errors.
- FY2024, year ended 31 Mar 2024, standalone, small pvt co, no indication of consolidation: Revenue ≈ ₹4.32 crore, down ~6% YoY, TheCompanyCheck exact figure; Tofler independently shows revenue in the ₹1-10 crore band with -6.37% YoY change — consistent, treat as confirmed.
- EBITDA and PAT absolute values were paywalled on both sources, "Locked"/"Restricted".
- Tofler's ratio panel, not raw figures, shows: Net Profit Margin -5.71%, implying a net loss, Operating Margin 8.08%, Gross Margin 0.04, Return on Equity -382.49%, Net worth down -41.8% YoY, Total Borrowings up +39.83% YoY, Debt-to-Equity 3.35, Total Assets up +12.01% YoY.
- These ratios suggest a thin/near-zero or negative net worth base, consistent with the tiny ₹1.5 lakh paid-up capital, amplifying the ROE figure — treat absolute rupee financials beyond revenue as "not obtained" (paywalled), ratios as partial/indicative only.
Funding History
- Pre-Series A round from Inflection Point Ventures (lead investor), amount undisclosed
- Reported via The Startup Lab India / LinkedIn post, ~2023, exact date not confirmed, as "obe Cocktails raises an undisclosed amount." Stated use of funds: hiring talent and expanding into new markets.
- Tracxn lists company/brand legal-entity and company pages but detailed round terms were not accessible.
- No other funding rounds found in sources checked.
Loans & Charges
- No registered charges/secured borrowings found.
- Confirmed independently by two sources: Tofler, "the company has no registered charges", and Falconebiz, "Open Charges: None", "Secured Borrowings: None".
- Note: this is inconsistent-looking alongside the ratio-panel's "+39.83% total borrowings YoY" — likely reflects unsecured borrowings/related-party loans not requiring charge registration
- Flagged as a data nuance rather than resolved fact.
Credit Ratings
- None found. No CRISIL/ICRA/CARE rating located for this entity — consistent with its small scale, paid-up capital ₹1.5 lakh, revenue ~₹4.3 crore, which is typically below the threshold companies seek external bank-loan ratings for.
Legal & Compliance
- No matching cases found on Indian Kanoon for "Euphoric Beverages Private Limited" (0 results).
Competitive Landscape
- Direct India RTD-canned-cocktail category is nascent/fragmented
- Named peers identified with low confidence from general market context, not entity-verified in this session: (1) Diageo India / United Spirits — Smirnoff-branded RTD/hard-seltzer lines, large-scale MNC subsidiary
- (2) Radico Khaitan — vodka-based RTD range, large listed Indian spirits major
- (3) Craft gin/premium spirits peers often grouped in the same "new-age Indian alcobev startup" conversation: Nao Spirits & Beverages, Hapusa, Greater Than, and Stranger & Sons, Third Eye Distillery, — similar early-stage/craft positioning though different product form, gin, not RTD cocktails.
- Caveat: a comprehensive, verified list of India-specific RTD craft-cocktail-only competitors could not be confirmed via available sources this session
- Treat this list as indicative/partial, not a confirmed competitive set.
Frequently Asked Questions
What does Euphoric Beverages Pvt Ltd do?
Euphoric Beverages Pvt Ltd is a Bengaluru-based alcoholic beverage startup that manufactures and markets 'obe Cocktails', which are ready-to-drink craft canned cocktails with an 8% alcohol by volume (ABV).
What is the Corporate Identification Number (CIN) for Euphoric Beverages Pvt Ltd?
The Corporate Identification Number (CIN) for Euphoric Beverages Pvt Ltd is U15134KA2019PTC125071.
When was Euphoric Beverages Pvt Ltd incorporated?
Euphoric Beverages Pvt Ltd was incorporated in the year 2019.
What is the registered office address of Euphoric Beverages Pvt Ltd?
The registered office address of Euphoric Beverages Pvt Ltd is No. 14, 3rd Floor, Tamarai Kannan Road, Murphy Town, Ulsoor, Bangalore, Karnataka - 560008.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.