Agarbatti Raw Materials Mfg Biz Raising Funds In Mumbai
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About Business
The company has developed the world's first charcoal-free and eco-friendly raw material for agarbatti (incense stick) manufacturing at a cost-effective price through its patented technology. Operating on a B2B business model, the company aims to supply this innovative raw material to leading agarbatti manufacturers across India.
Using its patented process, the company takes agricultural by-products - like leaves, husks, shells, stems, and straws - and turns them into a sustainable, eco-friendly alternative to traditional incense materials
Key Advantages:
=> 100% charcoal-free and environmentally friendly composition.
=> Approximately 15% lower cost for customers compared to traditional incense materials.
=> 20-25% reduction in raw material costs compared to existing market rates.
=> Higher profitability, with manufacturers benefiting from an additional 25-28% profit margin over current earnings.
The company aims to capture 25% of the agarbatti industry's raw material supply within five years.
Clientele type
The clientele consists of incense manufacturers.
Premises
Currently bootstrapped, the company is seeking funding to establish a dedicated manufacturing and processing plant. A key strategic advantage is an existing commitment from a leading pulverizer in Bhopal, from whom the company will source raw materials. The plant will be set up adjacent to this facility, ensuring seamless procurement and processing to efficiently supply manufacturers across India.
Asking Price Includes
The owner is willing to offer 10% equity in the business.
Asking Price
INR 3.50 Cr
Minimum ticket size
INR 1.25 Cr
Reason
The owner is looking to raise funds to scale operations and set up its manufacturing plant.
More Details
Recognized by the Government of India and awarded the Startup India Certificate for its high-potential business model.
First Patent Granted, with a second patent (Patent of Addition) currently in process.
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₹10 to ₹200 Cr
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