Biodegradable Granules Mfg Co Raising Funds In Ahmedabad
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Product / Service
Transparent granules, Red masterbatch, White bag, Bag on roll, Transparent bag.
Product is biodegradable (marine and soil) packaging material.
The company produces its own bioplastic granules in India. Granules are compatible with normal plastic blown film machines.
Clientele type
Dealing B2B only. Supplying granules to businesses which are in the production of biodegradable plastic bags.
Premises
The premise is rented which is of 1100 sq ft with monthly rent of INR 8000.
Asking Price Includes
The terms of transaction would be discussed with the potential investors
Reason
The company is raising funds to acquire license, increase production capacity, hire more people for marketing, sales and operations.
Other Details
The company was incorporated in 2021. However, they launched the product in March 2023.
The promoter has got many awards and achievements like:
Entrepreneurship conclave 2018
Vibrant Gujarat startup exhibition arena award 2019
ATAL innovation medal 2020
FICCI appreciation award 2021
National Biodiversity Authority Certificate
Currently, they have one business agreement in pipeline with one of the largest packaging company of UAE.
The company is a Team of 3 currently. It includes Founder/director, Partner, Machine operator.
Current machine has production capacity of 1.5-2 tonnes daily.
Product price in India is around Rs 230 per kg and in Dubai, they are currently selling at Rs 300-350 per kg. This price is better than the competitors who are offering the product at Rs 800 per kg.
Product’s competitive advantage is that it is water soluble in nature.
Business Tags
₹10 to ₹200 Cr
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