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Set2Score • 2m
𝗛𝗼𝘄 𝗱𝗶𝗱 𝗩𝗲𝗲𝗯𝗮 𝗮𝗰𝗾𝘂𝗶𝗿𝗲 𝗗𝗼𝗺𝗶𝗻𝗼’𝘀, 𝗕𝘂𝗿𝗴𝗲𝗿 𝗞𝗶𝗻𝗴, 𝗮𝗻𝗱 𝗣𝗩𝗥 𝗮𝘀 𝘁𝗵𝗲𝗶𝗿 𝗰𝗹𝗶𝗲𝗻𝘁𝘀? Founded in 2013 by Viraj Bahl, who previously established Fun Foods (later acquired by Dr. Oetker). Initially faced slow growth; a significant breakthrough came in June 2014 when Domino’s Pizza India placed a large order. Specializes in sauces, dressings, dips, and condiments, focusing on healthier, preservative-free, and low-fat/sugar products. Serves major B2B clients like Domino’s, Burger King, and PVR, with a retail presence in over 700 cities and approximately 150,000 outlets. Financial Performance: FY22 revenue: ₹542 crore. FY23 revenue: ₹811 crore. Projected FY24 revenue: expected to surpass ₹1,000 crore. Reported a minor loss of ₹80 lakh in FY23, maintaining an EBITDA range of +0.5% to -0.5% as a strategic choice to reinvest in growth. Expanded its brand portfolio with: Earthmade (organic beverages) Bene Tibi (bar syrups) Provee (child nutrition) Plans to launch one new brand annually, aiming to be active in seven categories by 2028. Adopts a customer-centric approach, emphasizing product innovation and clean-label ingredients to cater to health-conscious consumers in both metropolitan and smaller towns. Marketing initiatives include sponsorships like MasterChef India and campaigns during the 2023 Cricket World Cup, utilizing a mix of traditional, digital, and influencer-led promotions. Approximately 70% of retail sales are derived from general trade, with a robust distribution network covering both urban centers and smaller towns like Vellore and Bhatinda. Operates two manufacturing units in Rajasthan and is investing ₹100–150 crore to establish a new plant in South India to enhance production capacity. Follow vishakha Jangir for more such business insights.
Hey I am on Medial • 6m
The Year of Indian Startups' IPOs Series : 1. Groww -> • Groww is planning an IPO to raise approximately ₹6,000 crore, aiming for a valuation between $6 billion and $8 billion. • In FY24, Groww reported ₹3,145 crore in revenue from operations, do
See MoreFinding my self 😶�... • 6m
🤯Founders with Highest salary in India. --⭐Supam Maheshwari (FirstCry) received an annual salary of ₹103.8 crore in FY24. This marks a significant decrease from his ₹200.7 crore salary in FY23. --⭐Nithin Kamath (Zerodha) Co-founder of the broker
See MoreHey I am on Medial • 1y
Slice CEO Rajan Bajaj received just Rs 12 in salary as losses grew nearly 60% in FY23: Report • Rajan Bajaj, the founder and CEO of fintech unicorn Slice, received a salary of just Rs 12 in FY23. • In contrast, FirstCry CEO Supam Maheshwari receive
See MorePassionate about Pos... • 4m
SolarSquare’s Losses Surge Despite Revenue Growth in FY24 Rooftop solar provider SolarSquare saw a 63.5% YoY revenue growth in FY24, reaching ₹175 crore. However, its losses jumped 2.3X to ₹69 crore due to rising costs. Revenue from operations grew
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"Ofbusiness" the company whose revenue is approx 2.5x the revenue of Zerodha, 2x the revenue of zomato and 5x the revenue of lenskart is the Amazon for Raw material procurement with a revenue of Rs 15,432 crore and a profit of Rs 463 crore in FY23. A
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