Mumbai: Singapore-based AlcoBev company Loca Loka has successfully raised $12.5 million from undisclosed investors associated with a Singapore-based family office. This strategic investment will accelerate global expansion and portfolio development, further positioning Loca Loka as a rising player in the premium tequila market.
Founded by Harsha Vadlamudi, along with Indian actor Rana Daggubati and music composer Anirudh Ravichander, Loca Loka is redefining tequila culture by blending craftsmanship with storytelling.
“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,” said Harsha Vadlamudi, Founder & CEO of Loca Loka.
Since its successful 2024 debut in the USA and Southeast Asia, with flagship products Tequila Blanco and Tequila Reposado, Loca Loka has captivated tequila enthusiasts in Los Angeles, New York, Chicago, and Singapore.
Co-founder Rana Daggubati emphasized the team’s collective efforts in shaping the brand, stating, “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 global tequila market is projected to grow from $14.13 billion in 2024 to $15.83 billion in 2025, with a CAGR of 5.26% through 2030. Notably, India’s tequila market is set to expand even faster, at 12.69% CAGR between 2025 and 2033, fueled by rising cocktail culture and demand for premium spirits.
With this momentum, Loca Loka has outlined an aggressive expansion plan for 2025, targeting new markets, including the UK, India, Dubai, the Philippines, and Indonesia, along with deeper penetration in the U.S., adding cities like Las Vegas, Miami, and Washington, D.C..
The company is also integrating its products into global travel retail channels, including duty-free stores, as part of its broader market expansion strategy.
