“If there is an 8000 rupee scotch, and a 10,000 rupee Indian whiskey, that rich person will go for an 8000 rupee scotch.”
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More from Shuchir Suri
AssertionNot checkable as stated
Suri: Beer brands paid bartenders ₹20 per bottle cap to push sales
“In the beer industry, when I was running Jade, I remember this so clearly, people would pay the bartender outside of their job, you return caps to me, I'll give you 20 rupees a cap. For depletion. To make my distributor happy so he sells my product. So I'm bur…”
Shuchir SuriJul 3, 2024▶ 2:05:29Ep #18 | WTF, Alcohol is a $70B Business in India? | Nikhil Kamath explores Gaps & Opportunities · Nikhil Kamath
AssertionPartly supported
Suri: Listing a single whiskey SKU in Delhi costs ₹25 lakh
“Whiskey is 25 lakh rupees per SKU in Delhi to get your product listed.”
Shuchir SuriJul 3, 2024▶ 2:14:47Ep #18 | WTF, Alcohol is a $70B Business in India? | Nikhil Kamath explores Gaps & Opportunities · Nikhil Kamath
PredictionNot checkable as stated
Suri: Ready-to-drink alcohol will take off in India in 5-7 years
“Rum and tunics and RTDs. Radio drink beverages. That's about five to seven years from now, but I see that picking up.”
Shuchir SuriJul 3, 2024▶ 1:49:18Ep #18 | WTF, Alcohol is a $70B Business in India? | Nikhil Kamath explores Gaps & Opportunities · Nikhil Kamath
Opinion
Suri: Finding a willing distributor is the hardest hurdle for new alcobev brands
“Going from zero to one, the hardest thing for a newbie is to find a distributor. It's not as easy as you think it is. A lot of people don't want to take your brand.”
Shuchir SuriJul 3, 2024▶ 2:03:33Ep #18 | WTF, Alcohol is a $70B Business in India? | Nikhil Kamath explores Gaps & Opportunities · Nikhil Kamath
AssertionSupported
Suri: Alcohol brands cannot legally market their own event content online
“Legally event, alcohol brands in India, they cannot do their own events. They can do their own events, but they cannot market the content legally online post doing an event.”
Shuchir SuriJul 3, 2024▶ 2:07:47Ep #18 | WTF, Alcohol is a $70B Business in India? | Nikhil Kamath explores Gaps & Opportunities · Nikhil Kamath
Opinion
Suri: Significant market opportunity exists for Indian agave-based spirits
“And I believe there is space for a Gave based spirit in India. If There is enough money to educate people that, okay, yes, tequila is, has to be blue, weber, gawe from the region of tequila, from the region of five, six states. But there is a space for a gawe-…”
Shuchir SuriJul 3, 2024▶ 2:44:10Ep #18 | WTF, Alcohol is a $70B Business in India? | Nikhil Kamath explores Gaps & Opportunities · Nikhil Kamath
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