Incense Sticks Business Raising Initial Funds In Mumbai
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About Business
Business Overview:
This brand offers a unique range of incense sticks known for their distinctive and premium fragrances (already got the order from D-Mart). The portfolio also includes dhoop, camphor (kapoor), and other pooja essentials. The core vision is to deliver affordable products with a luxurious feel and elegant packaging.
Product Details:
* Currently features 1 primary product with 2 variations
* 3 more products are under development
* Additional variations will be added, especially in the agarbatti (incense stick) category
Manufacturing:
Production is outsourced to a third-party unit located in Gujarat.
Financial Snapshot:
It's a new company and established in 2024 only. Estimated EBITDA: 15%
Clientele type
The company has a big order from D-Mart for 400 stores. The main goal is to supply large retail chains across India. As of now, having local retail customers and D-mart.
Premises
OWNED
Premise Size: 4
Market Value (in INR): 50.00 K
Asking Price Includes
Equity profit sharing will be part of the transaction; the details will be discussed with the potential investors.
Asking Price
INR 50.00 L
Minimum ticket size
INR 60.00 L
Reason
The founder is raising the initial funds to expand the business, mainly to cater to the order book and to have more promotional activities.
More Details
The company has recently started and has big plans to move ahead and will be more focused on supplying to big brands and big retail stores.
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₹10 to ₹200 Cr
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