Jumpin was acquired from Hershey’s India but its original owner was the Godrej group. According to a source, the brand was acquired for a little lower than ₹350 crore.
According to research firm, IMARC group, India’s fruit-juice market is projected to reach ₹1.22 trillion (₹122,855 crore) by 2033, exhibiting a CAGR (compound annual growth rate) of 11.90 per cent during 2025-2033.
The rising consumer awareness towards health and wellness along with the escalating demand for natural and nutrient-rich beverages is primarily propelling the market growth, Rasna said in its release.
“Many powder drink players have tried to enter the RTD space but it is not easy. Now, with RTD entry, we are talking of a bigger canvas than just concentrates. RTD is a much bigger category and we obviously want to enter it,” Piruz Khambatta, group chairman, Rasna, told Business Standard. He further said that the company could have created its own brand, but the cost of building a brand is very high and it takes time. There is an advantage in buying an iconic brand and there is inherent brand recall, which can be rekindled, he added.
In the release, Khambatta said: “The strategic acquisition of Jumpin represents a significant milestone in Rasna’s growth agenda. Jumpin’s strong brand equity and high consumer recall make it a valuable addition to our beverage portfolio. This move aligns with our long-term vision of portfolio diversification and brand consolidation within the RTD segment.”
He added: “Furthermore, it reinforces our commitment to the Government of India’s ‘Make in India’ initiative by focusing on indigenous, Indian trusted brands. With this in mind, Jumpin will be fully formulated using Indian fruit juices only. Through this acquisition, we aim to unlock new synergies in product development, distribution, and market expansion while continuing to deliver value-driven, high-quality offerings to the Indian consumer.”
The company is launching its product in June, with a starting price of ₹10. It will have multiple stock-keeping units with various flavours. Jumpin will be launched across the country, including modern retail and e-commerce.
“We are reworking the formulation and working with Indian fruits,” Khambatta said. The company will use a mix of Jumpin distributors and its own distribution channel, he added.
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