"Our objective in this business is pretty simple. We believe coconut water is a healthier, better product that needs to get out to the world. We want to see that scale globally," said Mr. Rampolla. "[The investment] means we get the resources we need to keep growing."
At this point, Coca-Cola has offered market and consumer insights, as well as research that is proving helpful, Mr. Rampolla said. There are no immediate plans to distribute through Coca-Cola's network, but Zico is getting advice on various channels and partners as it enters new markets, Mr. Rampolla said. Zico, which is made from green coconuts and positioned as a natural sports drink, can be found at Whole Foods, as well as gyms, yoga studios, college campuses and natural-food retailers in markets including New York, Los Angeles, Boston and Chicago. In the coming year there are plans to expand into new markets, including San Francisco, Colorado and Texas.
Mark Rampolla, founder, Zico Beverages |
"It's a very guerilla marketing approach," Mr. Rampolla said. "We will start to take that up a notch, in select markets. But we still don't have traditional advertising today. That will come a few years down the road."