Ready-Made Meals Company Investment Opportunity in Bangalore, India
Startup manufacturing ready to eat ethnic precooked meals seeking capital to launch commercial operations.
This transaction has concluded.
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Ready-Made Meals |
| Locations | Bengaluru |
| Local Time | 10:29 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Partial Stake Sale
USD
113 thousand
for
10.0%
stake
(Native Currency: INR 10,000,000)
Reason: The funds will be used to fabricate a proprietary button idli manufacturing equipment and acquire a ...
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Includes physical assets worth
USD
85 thousand
Interested to connect with advisors
Documents
ROC-Verification.pdf
(60.7 KB)
Business Overview
- Pre-revenue startup seeking seed capital to begin manufacturing ethnic pre-cooked meals.
- The meals are precooked and consumed by rehydrating them with hot water or milk.
- The proof of concept has been validated and we have successfully concluded trial runs with a minimum viable product.
- The meals will be affordable and will be targeted towards students and busy professionals who are seeking quick, convenient, healthy, and affordable meals.
- The meals will be prepared using a finely tuned proprietary in-house process.
- Have negotiated supplier agreements with Metro Cash and Carry and FPOs in Tamil Nadu.
- In process of negotiating supplier agreements with FPOs in Karnataka.
- The products will be sold under 2 proprietary brands which are already trademarked.
- Have already signed up distributors in Canada, California, Delaware, Baltimore, and Bangalore.
- Our distributors in Bangalore have a reach of 3,500+ retail stores.
- The company has been incubated in IIM Bangalore (NSRCEL)
- Recognised food technology company under Startup India.
- Have signed an agreement with an intermediary firm that will allow us to list our products across 40 e-commerce sites.
- In the initial stages of discussions with Indigo Airlines, Air Cannada, and Air India to provide in-flight meals.
- Also in the initial stages of negotiating a co-branding deal with OYO Rooms which will stock our meals at their hotels.
- The firm is backed by several angel investors who currently own 10% of the firm.
- The firm is run by a serial entrepreneur who has previously founded and run 2 companies of which 1 was exited profitably.
- The meals are precooked and consumed by rehydrating them with hot water or milk.
- The proof of concept has been validated and we have successfully concluded trial runs with a minimum viable product.
- The meals will be affordable and will be targeted towards students and busy professionals who are seeking quick, convenient, healthy, and affordable meals.
- The meals will be prepared using a finely tuned proprietary in-house process.
- Have negotiated supplier agreements with Metro Cash and Carry and FPOs in Tamil Nadu.
- In process of negotiating supplier agreements with FPOs in Karnataka.
- The products will be sold under 2 proprietary brands which are already trademarked.
- Have already signed up distributors in Canada, California, Delaware, Baltimore, and Bangalore.
- Our distributors in Bangalore have a reach of 3,500+ retail stores.
- The company has been incubated in IIM Bangalore (NSRCEL)
- Recognised food technology company under Startup India.
- Have signed an agreement with an intermediary firm that will allow us to list our products across 40 e-commerce sites.
- In the initial stages of discussions with Indigo Airlines, Air Cannada, and Air India to provide in-flight meals.
- Also in the initial stages of negotiating a co-branding deal with OYO Rooms which will stock our meals at their hotels.
- The firm is backed by several angel investors who currently own 10% of the firm.
- The firm is run by a serial entrepreneur who has previously founded and run 2 companies of which 1 was exited profitably.
Products & Services Overview
Pre-cooked button idli and sambar, dried fruits, vegetables, herbs, and medicinal plants.
Assets Overview
Cooking equipment, drying equipment, computers, IT hardware, intellectual property, and trademarks.
Facilities Overview
Rented factory space of 5,000 sq. ft. located on the ground floor.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysDirector, Construction, Pune, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Engineering, Pune, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysIndependent Advisor, Ahmedabad, Financial Consultant connected with the Business
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