Ready-To-Bake Cake Mix Company Raising Funds In Mumbai
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Product / Service
They have ready-to-bake cake mixes of different flavors and cocoa powder.
Clientele type
Ready-to-bake cake mixes are sold to retail customers, professional bakers, hotels, and restaurants through distributors, General Trade, and gourmet stores and outlets like Natures Basket, Foodhall, Spencers, Jiomart etc.
Premises
LEASED
Lease per month (in INR): 35.00 K
Security Deposit (in INR): 3.50 L
Carpet Area: 350 sq ft
It's a leased office in Mumbai.
Asking Price Includes
10% stake in the company, we can discuss the terms of transaction with potential investors.
Reason
The business is looking to raise funds for expansion and growth. The funds will be used for increasing the retail and distribution outlets
Other Details
The promoter of the business is a highly skilled and experienced food technologist with over 20 years of working in the fast-moving consumer goods (FMCG) sector. They possess a strong background in product development and operations and have a proven track record in the food and beverage industry. The business itself is well-established, boasting a fully equipped food laboratory and a dedicated team of seven individuals. The business has received positive responses from customers and has gained significant traction in the market. The company sells its products through 700 retail outlets at present and has plans to grow this number to around 5000 by end of the current financial year. The promoters have already infused equity of around Rs.100 lacs till date. As the company looks to further expand its product offerings, the promoter is eager to introduce a range of breakfast cereals and ready-to-eat baked snacks and savories. These new offerings are expected to diversify the company's product portfolio. The company is looking to raise funds of up to Rs.300 lacs to finance its expansion plans by increasing its presence through modern, general and online trade.
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₹10 to ₹200 Cr
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