Food Ingredient Business Investment Opportunities in Mumbai

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.