Newly Established Nutrition Food Company Seeking Loan in Chitradurga, India
Chitradurga-based health and FMCG products business with 2,000+ distributors, seeks funding for expansion and franchising.
| Established | 0-1 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | USD 280 thousand |
| EBITDA Margin | Operating at loss |
| Industries | Nutrition Food |
| Locations | Chitradurga |
| Local Time | 6:34 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
450 thousand
for
10.0%
annual interest,
5
years
(Native Currency: INR 40,000,000)
Reason: Seeking funding to expand to other states and launch franchises. The loan can be repaid through pers...
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Collateral Available: USD 0
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview
- Business located in Chitradurga, focusing on health care, home care, FMCG (Fast-Moving Consumer Goods), and bio-agriculture products.
- The business commenced operations in January of this year and has successfully generated INR 2.29 crore in revenue over its first 11 months.
- Manages branding and formulation of products in-house but relies on third-party manufacturers and warehouse services, eliminating inventory holding costs.
- Currently, the business is not yet profitable but has plans to achieve breakeven within the next 1-2 years through strategic growth.
- The sales network includes over 2,000 distributors spread across Karnataka, with a commitment to daily supply frequency to ensure product availability.
- Future expansion plans include establishing its own franchisees and extending operations into more than 9 additional states in India.
- Registered with the Ministry of Corporate Affairs (MCA) and has received recognition from Startup India. The company also holds FSSAI licenses and has applied for GMP (Good Manufacturing Practice) and IEC (Import Export Code) certifications.
- The business commenced operations in January of this year and has successfully generated INR 2.29 crore in revenue over its first 11 months.
- Manages branding and formulation of products in-house but relies on third-party manufacturers and warehouse services, eliminating inventory holding costs.
- Currently, the business is not yet profitable but has plans to achieve breakeven within the next 1-2 years through strategic growth.
- The sales network includes over 2,000 distributors spread across Karnataka, with a commitment to daily supply frequency to ensure product availability.
- Future expansion plans include establishing its own franchisees and extending operations into more than 9 additional states in India.
- Registered with the Ministry of Corporate Affairs (MCA) and has received recognition from Startup India. The company also holds FSSAI licenses and has applied for GMP (Good Manufacturing Practice) and IEC (Import Export Code) certifications.
Products & Services Overview
- Top-selling products are health and wellness consumables, particularly Ayurvedic products, which cater to a wide range of customers seeking natural and holistic health solutions.- Distributed through a network of over 2,000 distributors across Karnataka.
Assets Overview
The business does not have any significant physical assets and holds no inventory or stock.
Facilities Overview
Operating from a rented office space in Chitradurga, Karnataka, with a monthly rent of INR 20k.
Capitalization Overview
There are 2 partners in the business.We have raised INR 1.79 crore from friends and family.
Recent Activity
-
1 day, 5 hours agoDirector, Diversified Group, Kolkata, Individual Investor / Buyer connected with the Business
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