Agritech Company Raising Funds In Bhubaneswar
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Product / Service
They provide end-to-end animal husbandry solutions.
Clientele type
They have a network of 100 distributors and 10,000 farmers.
Premises
OWNED
Premise Size: O.75 acre
Market Value (in INR): 2.00 Cr
They have a leased office in Kolkata, and Bengaluru and have recently purchased land to build their own manufacturing unit.
Asking Price Includes
Investment Proposal:
Seeking an investment of $1 million to propel the following growth avenues:
1. New Manufacturing Facility: Capitalizing on the newly acquired land in Balasore to set up a state-of-the-art manufacturing plant that will be capable of producing over 2500 MT/month.
2. Product Line Expansion: Diversifying offerings to cater to a broader range of livestock needs such as goat, pig, and fish feed.
3. Marketing Boost: Allocating funds for strategic marketing, strengthening brand presence, and market penetration.
4. Team Expansion: Onboarding a next-gen team to drive the company's vision, aiming to increase the current monthly Recurring Revenue (MRR) by a staggering 40 times.
Reason
They are setting up world class tech and manufacturing model to solve problems in animal husbandry. They need funds to build the vision.
Other Details
Company Overview:
Founded: June 29, 2022
Headquarters: Bengaluru, India.
Operational Footprint: Focused on the Eastern & North Eastern states of India, with recent land acquisition
set to bolster production capabilities.
Founding Team: We are four founders united by a passion for quality animal nutrition and sustainable business practices. The founders bring a diverse range of qualifications to the team, including degrees in veterinary science, engineering, and business administration.
Recent Milestones:
- Land Acquisition: Secured a lease for an industrial plot spanning 0.68 acres in the Balasore district of Odisha,
facilitated by the Odisha Industrial Infrastructure Development Corporation. This strategic location enhances
proximity to the Eastern market and offers robust infrastructural advantages.
- Product Launches: Launched three new cattle feed products within a span of 2 months.
Financial Highlights<,b>:
- Revenue: Generated a revenue of over $144,000 in the current Financial Year (2023-24)
- Gross Margin: Operational at a 12% gross margin, thanks to optimized production and logistics.
- Profitability: Currently operationally profitable, showcasing a business model that effectively balances growth and financial prudence.
Business Model & Offerings:
- Core Product: Quality-centric animal feed and supplements tailored for the livestock in the Eastern & North Eastern regions of India.
- Unique Selling Proposition: Localised insights coupled with innovative, tech-enabled production processes, resulting in products ensuring the best for livestock health and growth.
Outlook & Recommendations:
- Market Penetration: The current milk production for India stands at 220 MMT. We project a 28% deficiency in milk production that can only be bridged by increasing the availability of compound feed. We project that the TAM for the cattle feed industry is as high as $ 30 billion/year. Only 15% of this is being catered to by organized manufacturers. The investment would help us amplify presence in the existing markets with expanded product lines, and improve our share in the market.
- Strategic Partnerships: Collaborate with agricultural bodies and regional farmers' groups in Odisha and neighbouring areas.
- R&D Focus: Investing in research and development for product innovation, tapping into emerging livestock
nutritional trends.
Business Tags
₹10 to ₹200 Cr
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