A Food processing entity from India is looking to raise strategic funding.

The Company is engaged in growing and processing of mushrooms and manufacturing IQF ready to eat items. Its product portfolio includes Mushrooms, Potato Specialty products, Appetizers, French Fries, Dairy, Ethnic Indian Snacks, canned products, yogurt smoothies, and Sweets.

• It has over 1,000 acres by way of contract farming in developing regions of India.
• The Company carries business in India as well as export markets, mainly in United States of America.
• The Company grows and produces 100% Vegetarian and Natural products with no fillers, chemicals, gums, preservatives & artificial flavors.
• The Company went through a phase of liquidity challenges in the past due to plant fire and dispute with JV partner. It has now resolved the debt and is on track for turnaround and strong growth prospects.
• The proposed fund raise shall help the company is the ongoing capex and working capital for the business.
• The business has a strong potential to grow the revenue to around Rs 1,000 cr in a span of next 5 years.
• The growth trajectory is expected to provide a significant rerating opportunity for the entity on the exchange.

Product Overview:

• Mushrooms
• Appetizers

           -Vegetable Samosas,
           -Green Beans,
           -Battered Mushrooms,
           -Vegetable Empanadas,
           -Veggie Burger,
           -Zucchini Fries,
           -Meatless Balls,
           -Battered Cauliflower,
           -French Toast Sticks, etc.

• French Fries and Formed Potato Products
• Canned products

Plant location:

Plant 1: Northern India
Plant 2: Western India