Business Overview
- Well established food manufacturing business producing traditional South-Indian rice mixes and curries, based in Bangalore.
- The business was recently converted into a private limited. We have put in INR 10 lakhs into R&D for our products and packaging and we will be launching the products by the year-end.
- We have collaborated with Manipal University Academy for our market research, NPD, product testing and more. Proprietor has collaborated with marketing advisor who has experience in launching Lotte Chocopie, and 3M Car cares.
- We have a prebooked order for 2 tons from 50 retail shops.
- Our manufacturing capacity is 1.5-2 tons per day with 10% utilization.
- We have applied for an FSSAI License.
- Proprietor is a 3rd generation entrepreneur. He has hands on experience and knowledge of the industry due to his engagement and experience in work from the grass root level.
Products & Services Overview
Our products include south Indian rice mixes in paste-form and ready to eat curries.
Capitalization Overview
The business is self-funded. We currently have no loans and we have put INR 30 lakhs into the business so far.
Assets Overview
Our assets include machinery and we have applied for an FSSAI license.
Partial Stake Sale
USD
80 thousand
for
10.0%
stake
(Native Currency: INR 7,000,000)
Reason: We need the funding for purchasing new machinery and for meeting working capital requirements.
Includes physical assets worth
USD
12 thousand
Interested to connect with advisors
In talks with 1 Investor
Contact Business