Food Ingredients Company Investment Opportunity in Mumbai, India
Established | 1-5 year(s) |
Employees | 10 - 50 |
Legal Entity | Private Limited Company |
Reported Sales | USD 310 thousand |
Run Rate Sales | USD 1 million |
EBITDA Margin | Nil |
Industries | Food Ingredients |
Locations | Mumbai |
Local Time | 3:57 PM Asia / Kolkata |
Listed By | Advisor / Business Broker |
Status | Active |
- The business manufactures different flavors of chutney that enhances the taste of the dish.
Reviews on Shark Tank:
- All the judges of Shark Tank, appreciated the taste of the products. Aman Gupta, founder, of BOAT, found the products "excellent"
- Namita, Founder, of Emcure pharma found the packaging very attractive.
- Vineeta, CEO, of Sugar cosmetics told that she will steal a bottle and carry home.
- Anupam Mittal, serial investor, and founder Shaadi. com gave a 10 on 10 to the products.
Business Highlights:
- Company has sold over 1 million products and is available in 5 metro cities like Bangalore, Hyderabad, Mumbai, Delhi and Kolkata.
- Online, it is active on all leading marketplaces in India and Amazon, USA. It will be adding UAE and Europe to its online sales channels soon.
- Since 2 years, the company has grown almost 3 times from about INR 25 lacs MRR to INR 70 lacs as of the end of last year.
- ARR of INR 8.5 crores sold at 63% gross margins.
- Company intends to build a topline of INR 100 crores in the next 24-26 months.
- The company wants to raise an INR 5 crore pre-series around immediately to build the topline to about INR 1.5 crores in the next 6-8 months and reach an ARR of INR 2.5 crores by the end of this year.
Update since Shark Tank 2.
- The company' s monthly revenue increased by 25%.
- The new variants at higher price point has helped improve gross margin (CM1) by 3%
- Shift from online to offline channel has led to lesser control of spending on acquisition (improving CM2)
- New partnerships to build a retail footprint to over 30,000 stores from 1,500 stores.
- Significant improvement in EBITDA.
- Company is asset light.
- The business is currently funded by receivables.
- There is hence a backlog of payments but not higher than receivables.
- Investors have approximately 24.4% shareholding, rest all with 3 founders.
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Earlier than 15 daysDirector, Pune, M&A Advisor connected with the Business
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Earlier than 15 daysDirector, IT, Bangalore, Individual Investor / Buyer connected with the Business