Auspicious Avocado Based Startup Raising Funds In Mumbai
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Product / Service
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.
Reason
They are in the process of raising capital to facilitate the expansion of their business across India.
Other 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.
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₹10 to ₹200 Cr
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