Food Ingredients Company Investment Opportunity in Mumbai, India

Raving reviews on Shark Tank.

- All the judges of Shark Tank, appreciated the taste of the products. Aman Gupta, founder, of BOAT, found the products "mindblowing"

- 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 a million bottles of its chutney and is available in 5 cities Mumbai, Delhi, Bangalore, Hyderabad, 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.

-Since 2 years, the company has grown almost 3X from about INR 25 Lacs MRR to INR 70 Lacs as of the end of last year.

- ARR of Rs 8.5 crores sold at 63% gross margins.

- Company intends to build a topline of 100 crores in the next 24-26 months.

- The company wants to raise an Rs. 5 crore pre-series A round immediately to build the topline to about INR 1.5 crores in the next 6-8 months and reach an ARR of 2.5 Crores by the end of this year.

Update since Shark Tank 2.

- Monthly revenue increased by 25% (55l – 70l)

- New variants at higher price point has helped improve Gross Margin (CM1) by 3%

- Shift in channel focus: Moved from online to offline leading to control lesser 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.

14 variants of Indian chutney flavors of all states.

Tangible- laptops.

Company is asset lite. The brand is the only asset.

The office is a rented co-working with 8 seats in Kanakia Boomerang, Chandivali.

- The business is currently funded by receivables. There is hence a backlog of payments but not higher than receivables.

- Investors have approx 24.4%. Rest all with 3 founders.