Last night on a Hollywood rooftop, another tequila brand was born into the world.
Loca Loka, spearheaded by a Bollywood film star and a composer, made its L.A. debut in the first stop of a four-city tour aimed at earning Indian-American support for the new brand. Entrepreneur and co-founder Harsha Vadlamudi said that they’re “trying to open up a new market segment altogether” by targeting the Indian-American diaspora, versus competing against big names for the general tequila drinker. But can Loca Loka make people loca for its tequila? The celebrity tequila template is nothing new (I’ve seen cameras follow around stars launching their products on that very same rooftop before) but Vadlamudi’s plan to appeal to a demographic with limited representation on the American backbar might stand out. The tequila name combines the Spanish loca (crazy) and the Sanskrit loka (world). “If it’s South Asian then I’m supporting it,” said actress Sharmita Bhattacharya, who was invited by a friend to the party. Bhattacharya and two friends said they drink tequila, mostly in margaritas, and are brand-agnostic (Don Julio? They said to each other while trying to remember the name.) That’s the exact demographic Vadlamudi sees an opening with. “Indians as a diaspora are mainly Scotch or whiskey drinkers, but the younger generations who have been living in America, I think they have a different perspective towards the drink category,” he said. To reach them, Indian film star Rana Daggubati and musician/composer Anirudh Ravichander will first launch the brand and host events in major metros including New York, Chicago and Houston. Ravichander is also embarking on a separate four-city concert tour to arenas in Oakland, Chicago, Dallas and New York. When we first spoke, Vadlamudi had closed two deals to offer Loca Loka at each arena, and was negotiating for the other two. Vadlamudi, who is also the managing partner of India-based brewery Ironhill, sees the U.S. and other mature markets (London, Dubai) as training grounds for eventually bringing the brand to India, where tequila is quickly gaining popularity. Tequila is projected to grow globally at a compound annual growth rate of 7% between 2021 and 2026, per the IWSR. “In America, I don’t need to advocate for the product,” he said. “Just for my own brand.” Want to get more bev-alc insights from our spirits editor? Sign up for our free spirits newsletter. |