Singapore/India, 10th March 2025: Loca Loka, the Singapore-based AlcoBev company has raised $12.5 Million from undisclosed investors from a Singapore based family office. This infusion of capital strengthens the company’s financial foundation, fuelling R&D for new portfolio innovations and accelerating global expansion, while reinforcing its ambition to become the world’s most beloved tequila brand.
Behind this innovative tequila brand is a visionary trio who are reimagining the industry landscape. Leading the charge is Harsha Vadlamudi, a seasoned AlcoBev entrepreneur and CEO & Founder of Loca Loka, alongside renowned Indian actor Rana Daggubati and celebrated music composer Anirudh Ravichander. Together, they have redefined tequila, blending storytelling and craftsmanship to create a beverage that stands out in a competitive market.
Since its successful debut in the USA and South East Asia in 2024 with its two flagship products- Tequila Blanco and Tequila Reposado, Loca Loka has captivated tequila enthusiasts.
Commenting on the fund raise 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 experiencing remarkable transformation—projected to grow from $14.13 billion in 2024 to $15.83 billion in 2025, with an anticipated CAGR of 5.26% through 2030. In India specifically, we’re witnessing an even more exciting trajectory, with market growth estimated at 12.69% from 2025 to 2033.
These aren’t just numbers—they represent an opportunity to connect conscientious consumers with an authentic, premium tequila experience. The emerging trends of globalization, cocktail culture, and health-conscious consumption align perfectly with our strategic roadmap.”
Reinforcing this vision, Rana Daggubati, Co-Founder – Loca Loka also added, “At Loca Loka, our journey transcends traditional business metrics. We’re deeply cognizant that our success is a symphonic collaboration—a testament to the brilliant minds who breathe life into our vision every single day. The remarkable individuals behind our brand are architects of our collective ambition.
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 as he summed up the energy behind the fund raise.
Expanding Global Presence
Launched in America last year in August, Loca Loka has seen continued success and strong demand in the US, driving steady growth. After the initial launch in Los Angeles, New York, and New Jersey, the brand, conceptualized in India, has achieved significant milestones in its international expansion and has since expanded to key cities such as Dallas, Chicago, San Diego, Tampa, and Jacksonville, which highlights its strong resonance with tequila aficionados. Simultaneously, Loca Loka has entered Southeast Asia via Singapore where the rising demand for innovative spirits has created a promising market for growth.
Strategic Expansion Plans for 2025
In 2025, the brand will introduce the product portfolio in the UK, India, Dubai, London, Philippines, Indonesia along with expanding its reach in key markets of the USA that will include Las Vegas, Miami and Washington DC. The team is also actively integrating the brand into global Travel Retail (Duty-Free) sections as part of its expansion strategy for new markets.
