Avocado Based Condiments Startup Raising Funds In Mumbai

Listing ID: SL015746
Posted By: Owner
Last Active: 1+ year ago
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About Business

Their product is a like-for-like alternative to Hass avocados, serving as a versatile condiment suitable for a wide range of dishes. Creamy, nutty, and bursting with flavor, it brings quality, taste, and kitchen convenience to your table – guacamole.

Clientele type

Their clientele will consist of individuals who recognize the nutritional value of avocados and prioritize their health. With their diverse range of avocado products, they aim to capture 1% of the Total addressable market, which will amount to a potential customer base of 176 million by 2026.

Premises

They plan to outsource manufacturing from Mexico, having established strong partnerships with a prominent guacamole manufacturing company in the region.

Asking Price Includes

They are raising 200,000 USD in this round, and the terms of the transaction will be discussed with the potential Investors.

Asking Price

INR 1.66 Cr

Minimum ticket size

INR 1.66 Cr

Reason

They are in the process of raising capital to facilitate the expansion of their business across India.

More Details

The Promotors have a rich background, One is from IIM Bangalore and is senior marketing director and he was/is the Business Unit head At Procter & Gamble (P&G), and the other one has 15 years of experience and worked as an Agency head at Unilever. The packaged Guacamole Market is expected to account for USD 3.53 billion at a CAGR of 8.95% during the forecast period of 2022 to 2029, as per Data Bridge Market Research.
Sales of imported Avocados have grown at an average of 150% to 200% YoY over the last 4 years in India.

Business Tags

Avocado Based Condiments Startup Raising Funds In Mumbai

₹10 to ₹200 Cr

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